2017 FULL-YEAR EARNINGS — FEBRUARY 8, 2018 A PORTFOLIO MAKEOVER TO ACCOMMODATE THE TRANSFORMATION OF RETAIL Since end 2012: Value of Klépierre’s mall portfolio by geography €10.1bn in assets acquired or developed 17% €5.1bn in assets divested 45%increase in the portfolio value 6% to €23.7bn 5% 39% 7% Balanced geographic footprint, with 9 countries accounting 17% for 92% of shopping center value1 10% 1 France, Italy, Spain, Norway, the Netherlands, Sweden, Denmark, Germany, and Czech Republic. 11