CORPORATE GOVERNANCE REPORT Compensation and benefits of executive corporate officers 5 3 QUALITATIVE COMPONENT, CAPPED AT 50% OF FIXED ANNUAL COMPENSATION (represents 38.5% of the maximum total short-term variable compensation) Themes that triggered the setting of targets Targets Main achievements Achievement for fiscal year 2017 Disposals, acquisitions, Conduct of transactions > Continuation of the Group’s non-core assets disposal After examination of the main developments in compliance with the strategy: total amount of around €400 million achievements, the Supervisory budget > Acquisition of the Nueva Condomina (Spain) center for Board decided, on the Target weight: 30% €233 million recommendation of the Nomination > Delivery of the Val d’Europe extension (17,000 sq.m) and Compensation Committee, > Continuation of developments in line with the budget that the target attained was 100%, (Marseille Prado, Hoog Catharijne – these two centers corresponding to 15% obtained awards for the quality of their design) of Jean-Marc Jestin’s fixed compensation Social and environmental Improvement of non- > Definition of a new CSR strategy, with a five-year action After examination of the main responsibility financial rating criteria plan encompassing the different aspects (environmental, achievements, the Supervisory Target weight: 40% social, societal), deployed at European level and designed Board decided, on the collaboratively (establishment of a panel of external recommendation of the Nomination stakeholders from different countries) and Compensation Committee, > Deployment of a range of measures to encourage that the target attained was 100%, employee commitment, such as: corresponding to 20% — Let’s chat: informal bimonthly meetings between of Jean-Marc Jestin’s fixed Group employees in different countries compensation — Workplace: creation of a sharing and working space for Group employees via “Workplace by Facebook”, to unify the teams within the Group — streaming of videos of the Group’s businesses highlighting the expertise of employees — on-boarding and monitoring program for interns and work-study trainees. Obtaining the 2017 “Happy Trainees” certification of Choosemycompany: excellence in management and motivation of interns and work-study trainees > Expansion of Klépierre’s leadership in the main global benchmark non-financial indexes. Klépierre won numerous awards in 2017: — Klépierre ranked on the “A” list of the Carbon Disclosure Project (CDP), which recognizes companies leading the fight against climate change — MAPIC trophies rewarding excellence, innovation and creativity: the Hoog Catharijne center ranked in the category of best urban commercial project and the Prado center ranked in the category of best future commercial center — RobecoSAM 2017 ranking: best environmental performance of listed European companies — GRESB ranking (Global Real Estate Sustainability Benchmark): Klépierre obtained the Green Star Award — EPRA SBPR Gold Award (Sustainability Best Practices Recommendations) recognizing the quality of non-financial reporting The Company’s image Deployment of initiatives > Deployment of several marketing/digital initiatives that After examination of the main to contribute to have contributed to enhancing the image of Klépierre achievements, the Supervisory developments in this area shopping centers and their footfall: Board decided, on the Target weight: 30% — new Let’s Play advertising campaign in 117 centers recommendation of the Nomination and 14 countries and Compensation Committee, — event strategy: 15-20 events by center by year that the target attained was 100%, resulting in an average +4% boost to traffic growth. corresponding to 15% A few examples: of Jean-Marc Jestin’s fixed — Nickelodeon tour in 22 centers in France, the compensation Netherlands and the Czech Republic — Black Friday deployed in 113 centers and in 13 countries — Back To School - EMOJI license in nine French centers — digital platform: deployment of 99 new websites in 11 countries. 2017 web traffic: +4% — launch of the “#Just Ask” service available on all digital devices: customer questions from centers are answered in less than one hour — enhancement of the open-innovation platform: Microsoft, Orange & Retailers partnerships 2017 QUALITATIVE TOTAL (as a % of fixed salary) 50% 2017 TOTAL (quantitative + qualitative, as a % of fixed salary) 130% For fiscal year 2017, the variable compensation of Jean-Marc Jestin amounted to €650,000. KLÉPIERRE 2017 REGISTRATION DOCUMENT 253