ProLogis declares dividend on common shares

ProLogis, a leading global provider of distribution services and facilities, announced yesterday that its Board declared ProLogisÂ' third quarter dividend of $0.355 per common share, payable on August 30, 2002, to shareholders of record on August 16, 2002.

ProLogis is a leading provider of distribution facilities and services with 216.4 million square feet (20.1 million square meters) in 1,749 distribution facilities owned, managed and under development in 90 markets throughout North America, Europe and Japan.

ProLogis continues to expand the industryÂ's first and only global network of distribution facilities with the objective of building shareholder value. The company expects to achieve this through the ProLogis Operating System® and its commitment to be Â'The Global Distribution SolutionÂ' for its customers, providing exceptional facilities and services to meet their expansion and reconfiguration needs.

(source: ProLogis )

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