GasLog Partners LP Announces Pricing of its Initial Public Offering of 8,400,000 Common Units and Listing on the New York Stock Exchange

Monaco - May 6, 2014

GasLog Partners LP (the “MLP”) today announced that it has priced its initial public offering of 8,400,000 common units representing limited partner interests (the “common units”) at $21.00 per common unit. The underwriters have a 30-day option to purchase up to 1,260,000 additional common units from the MLP at the initial public offering price. GasLog Ltd. (“GasLog”) (NYSE:GLOG) will retain 1,422,358 of the MLP’s common units if the underwriters’ option to purchase additional common units is not exercised or will retain 162,358 common units if the option is exercised in full, as well as all of the MLP’s subordinated units, general partner interest and incentive distribution rights.

The proceeds from the offering will be used principally to reduce indebtedness and for general partnership purposes, with the remainder to be distributed to GasLog. The MLP is a Marshall Islands limited partnership and is currently a wholly owned subsidiary of GasLog. GasLog will contribute three of its existing LNG carriers with multi-year charters to the MLP.

The common units will begin trading on the New York Stock Exchange on May 7, 2014 under the ticker symbol “GLOP”. The offering is expected to close on May 12, 2014.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Evercore Group L.L.C. and UBS Securities LLC are acting as joint book-running managers and Deutsche Bank Securities Inc. and DNB Markets, Inc. are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (800) 831-9146); Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone: 800-221-1037; and Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, by telephone: 800-326-5897.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on May 6, 2014. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About GasLog Ltd.
GasLog is an international owner, operator and manager of LNG carriers. Following the recently announced agreement to purchase three additional LNG carriers from an affiliate of BG Group, GasLog’s fleet will include 21 wholly owned LNG carriers (including 14 ships in operation and seven LNG carriers on order) and GasLog will have 6 LNG carriers operating under its technical management for third parties. In connection with the initial public offering of GasLog Partners LP, three of GasLog’s vessels in operation will be contributed to GasLog Partners LP. GasLog’s principal executive offices are located at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco.

About GasLog Partners LP
GasLog Partners LP is a master limited partnership formed by GasLog to own, operate and acquire LNG carriers with multi-year charters. The initial fleet of GasLog Partners LP will consist of three LNG carriers, each of which has a carrying capacity of 155,000 cbm and has a multi-year charter.



GasLog Ltd. press release