2017 FULL-YEAR EARNINGS — FEBRUARY 8, 2018 2017 OPERATING HIGHLIGHTS RETAILER SALES NET RENTALINCOME LEASING INDICATORS LfL Change1 2017 Reversion OCR EPRA Vacancy LfLChange1 LfL Change (%) (%) rate (%) excl. extensions Current (€M) France-Belgium +2.2% +0.7% +6.8 +2.5% +11.0% 12.7% 3.3% France +2.4% +0.9% +5.7 +2.3% 3.5% Belgium -1.6% -1.6% +1.2 +7.5% 0.2% Italy -0.1% -0.1% +5.3 +2.9% +15.8% 11.5% 1.2% Scandinavia -0.4% -0.4% -7.7 +4.6% +12.4% 11.5% 3.1% Norway -1.6% -1.6% -1.0 +4.3% 2.2% Sweden +1.5% +1.5% -5.5 +4.7% 3.7% Denmark -1.4% -1.4% -1.2 +4.7% 4.0% Netherlands - - +3.8 +2.1% +13.5% - 6.0% Iberia +4.6% +4.6% +11.6 +6.8% +20.2% 13.1% 4.2% Spain +4.5% +4.5% +10.2 +6.6% 3.1% Portugal +4.7% +4.7% +1.4 +7.3% 7.6% Germany +1.9% +1.9% +0.9 +0.1% -4.6% 10.9% 5.9% CEE and Turkey +7.2% +7.2% +3.7 +3.1% +8.9% 12.9% 3.9% Poland +4.3% +4.3% -0.6 -1.9% 1.1% Hungary +10.9% +10.9% +2.0 +14.7% 2.4% Czech Republic +5.2% +5.2% +3.6 +12.9% 1.2% Turkey +9.8% +9.8% -1.5 -6.9% 7.3% TOTAL SHOPPING CENTERS +2.1% +1.3% +24.4 +3.3% +12.9% 12.2% 3.2% 1 Like-for-like excludes the impact of asset sales. Retailer sales from the Dutch portfolio are not included in these numbers as retailers do not report sales to Klépierre. 57