Prestige award no. 1 to pair on exercise in tropical land (5,5,5)
I believe the answer is:
nobel peace prize
'tropical land' is the definition.
The definition suggests a verb in its base form which matches the answer.
'prestige award no 1 to pair on exercise' is the wordplay.
I cannot quite understand how this works, but
'award' could be 'prize' (synonyms) and 'prize' is present in the answer.
'no' could be 'o' (O resembles 0) and 'o' is present in the answer.
'1' could be 'ace' (synonyms) and 'ace' is located in the answer.
'exercise' could be 'pe' (Physical Education) and 'pe' is present in the answer.
This may be the basis of the clue (or it may be nonsense).
'in' is the link.
Can you help me to learn more?
(Another definition for nobel peace prize that I've seen is " international trophy".)