2017 FULL-YEAR EARNINGS — FEBRUARY 8, 2018 IN THE CONTEXT OF RETAIL POLARIZATION, OUR MALLS KEEP OUTPERFORMING Sales at Klépierre shopping centers vs. the market 113 Like-for-like retailer sales at Klépierre malls1 2 Retailer sales for the whole market 111 109 104 103 101 100 100 2013 2014 2015 2016 2017 1 Like-for-like scope consists of retailer sales in Klépierre’s portfolio as of December 31, 2017. 2 Store-based retail sales (excluding auto, fuel, food service and grocery retail) in the geographic markets served by Klépierre. Source: Euromonitor, ICSC. 15