2017 FULL-YEAR EARNINGS — FEBRUARY 8, 2018 SHOPPING CENTER VALUATION (GROUP SHARE –EXCLUDING TRANSFER TAXES –IN €M) +716 20,380 20,259 +188 -121 19,354 +317 -196 12/31/2016 Disposals Non LFL LFL LFL 12/31/2017 Forex 12/31/2017 portfolio Capex Portfolio excl. Forex 62