| Explanation of Responses: |
| (1) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 66,444 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger. |
| (2) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 4,110 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger. |
| (3) | Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 493 shares of DRE's common stock under the Company's 401(k) plan. |
| (4) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 7,140 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger. |
| (5) | Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. The units are valued on a one to one basis to the Company's common stock and are to be settled in stock upon the termination of employment. |
| (6) | Represents shares withheld for taxes upon the distribution of shares granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934. |
| (7) | Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 253 shares of DRE common stock through dividend reinvestment. |
| (8) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 4,311 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger. |
| (9) | Represents units of limited partnership interest (LTIP Unit) in Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. When both earned and vested, each LTIP Unit will automatically convert into a Common Unit of limited partnership interest in DRLP. Each Common Unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of the grant. |
| (10) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 6,581 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger. |
| (11) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 12,645 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger. |
| (12) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 18,819 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger. |
| (13) | LTIP Units awarded in lieu of performance share plan units and upon meeting the change in control performance-based conditions, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. LTIP Units are awarded according to the terms described in footnote 9 and have no expiration date. |
| (14) | This award was canceled in the merger in exchange for a cash payment of $6,194,177. |
| (15) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 86,360 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger. |
| (16) | Represents LTIP Units that have converted to Common Units of DRLP. Each Common Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of grant and have no expiration date. |
| (17) | Represents Common Units of DRLP awarded in lieu of performance share plans units according to the terms described in footnote 16, upon meeting the change in control performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. |
| (18) | Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 404,126 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger. |