Lineage Logistics Acquires Mandai Link Logistics for Major Expansion Into Singapore

• Mandai Link is the market leader in Singapore for the provision of cold storage services and automated operations

• Singapore is a mature, sophisticated economy with incentives for cold storage development

• Singapore is a gateway to the ASEAN region via its strong port infrastructure

• The strategic purchase continues to strengthen Lineage’s presence in Southeast Asia, offering customers an expanded network across Asia and providing a platform for further growth in the region

• Brings Lineage country network to 20

Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, announced it has acquired Mandai Link Logistics (“Mandai”), marking the Company’s market entry into Singapore. Financial terms of the transaction were not disclosed.

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“Tan Seng Eng, CEO of Mandai, is a visionary who made a huge bet by investing early in automation, and we are pleased that she will stay on as an advisor to Lineage.”

“Mandai established Singapore’s first fully automated cold storage facility and has been long considered a local market leader in the provision of cold storage warehousing and distribution services,” Jeff Hogarth, President Asia Pacific at Lineage, said.

“Tan Seng Eng, CEO of Mandai, is a visionary who made a huge bet by investing early in automation, and we are pleased that she will stay on as an advisor to Lineage.”

Mr. Hogarth said expanding Lineage’s footprint in Asia through Singapore as a major trading hub has been a long-term strategic goal for the Company.

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“Mandai’s facilities, combined with our industry-leading technology and innovations, will assist customers to navigate increasing supply chain demands in Singapore and internationally.

“We look forward to working closely with Mandai’s customers on these new opportunities.”

Mandai serves as a one-stop hub for refrigerated food distribution in Singapore with a full range of solutions including procurement, transport and warehousing. It has a fleet of refrigerated trucks and has a facility that can house 28,000 pallets.

Mandai’s main facility is fully automated, has integrated solar power, and has a rainwater collection system for washing its refrigerated trucks.

Mr. Hogarth said Lineage, as an internationally integrated company, was acutely focused on further building out its Asia Pacific footprint so customers could take advantage of Lineage’s leading global end-to-end logistics capability.

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