Duke Realty Acquisition

Please contact Prologis’ (NYSE: PLD) exchange agent, Computershare Trust Company, N.A, at 1-800-331-9474.

Each share of Duke Realty common stock that was issued and outstanding immediately prior to the effective time of the merger was automatically converted into the right to receive 0.475 shares of Prologis common stock (the "merger consideration"), together with cash in lieu of fractional shares, without interest, upon the terms and subject to the conditions set forth in the merger agreement.

The company merger is intended to qualify as a reorganization within the meaning of Section 368(a) of the Code. Assuming that the company merger qualifies as a reorganization, United States holders of shares of Duke Realty common stock generally will not recognize gain or loss for United States federal income tax purposes upon the receipt of Prologis common stock in exchange for shares of Duke Realty common stock in connection with the company merger, except with respect to cash received in lieu of fractional shares of Prologis common stock.

Holders of Duke Realty common stock should consult their tax advisors to determine the tax consequences to them (including the application and effect of any state, local or non-United States income and other tax laws) of the company merger and the ownership and disposition of shares of the Combined Company common stock.

Yes. As a result of the merger, each share of Duke Realty common stock that was issued and outstanding immediately prior to the effective time of the merger was automatically converted into the right to receive the merger consideration of 0.475 shares of Prologis common stock, together with cash in lieu of fractional shares, without interest, upon the terms and subject to the conditions set forth in the merger agreement.

The Duke Realty shares were delisted from the NYSE and are no longer trading.

• If you own some or all of your Duke Realty shares through a financial institution or broker:
  Please contact your financial institution or broker directly.
• If you own some or all of your Duke Realty shares directly through a book-entry registered position:
  The exchange agent will send you instructions for converting your book-entry shares into the merger consideration, including shares of Prologis common stock in book-entry form and any cash to be paid instead of fractional shares in the company merger.
• If you own some or all of your Duke Realty shares in certificated form:
  After the completion of the mergers, the exchange agent will send you instructions for exchanging Duke Realty stock certificates for the merger consideration.

Yes. Duke Realty’s quarterly cash distribution on common stock of $0.28 per share, or $1.12 per share on an annualized basis, was paid on September 30, 2022, to shareholders of record at the close of business on September 15, 2022. Upon closing of the transaction on October 3, 2022, common stockholders of record will receive any future dividends declared on their newly issued Prologis common stock.