Underwriters' Option Relating to the Initial Public Offering of ProLogis European Properties (PEPR) is Fully Exercised.

PR Newswire Europe, October, 2006

LUXEMBOURG, October 4 /PRNewswire/ --

- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES

Neither this announcement nor any accompanying announcement is an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The securities which would be issued in an initial public offering have not been and will not be registered under the US Securities Act of 1933 (the Securities Act), or the securities act of any state or other jurisdiction of the United States and any securities issued as part of an initial public offering may not be offered or sold within the United States or to, or for the account or benefit of, US persons...

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