BUSINESS FOR THE YEAR Business overview 2 3 LAST 12-MONTH RETAILER SALES LIKE-FOR-LIKE CHANGE BY COUNTRY Year-on-year retail sales change through full-year 2017 Share in total Like-for-like change Like-for-like change(a) Reported retailer sales (excluding extensions) France 2.4% 31% 0.9% Belgium -1.6% 2% -1.6% France-Belgium 2.2% 33% 0.7% Italy -0.1% 25% -0.1% Norway -1.6% 9% -1.6% Sweden 1.5% 7% 1.5% Denmark -1.4% 4% -1.4% Scandinavia -0.4% 20% -0.4% Spain 4.5% 7% 4.5% Portugal 4.7% 3% 4.7% Iberia 4.6% 10% 4.6% Poland 4.3% 3% 4.3% Hungary 10.9% 2% 10.9% Czech Republic 5.2% 2% 5.2% Turkey 9.8% 2% 9.8% CEE and Turkey 7.2% 9% 7.2% The Netherlands(b) NS NS NS Germany 1.9% 3% 1.9% TOTAL 2.1% 100% 1.3% (a) Like-for-like change is on a same-center basis and excludes the impact of asset sales and acquisitions. (b) Only a few Dutch retailers report their sales to Klépierre. On a segment basis, health & beauty (12% of total sales) was the best remained solid in France, Sweden, and CEE & Turkey, though growth performing segment with 3.5% growth, followed by food & restaurant was negative in Norway and Denmark due to adverse weather effects (11% of total sales), for which sales grew by 3.3% thanks to Klépierre’s in the first six months. Culture & leisure (18% of total sales) sales were Destination Food® strategy roll-out across the portfolio. Fashion sales up by 1.6%. (40% of total sales) grew by 2.6% for the entire portfolio total and 3 LAST 12-MONTH RETAILER SALES CHANGE BY SEGMENT FY 2017 Share in total Like-for-like change Reported retailer sales Fashion 2.6% 40% Culture, Gifts & Leisure 1.6% 18% Health & Beauty 3.5% 12% Food & Restaurants 3.3% 11% Household equipment -1.6% 12% Others 2.3% 8% TOTAL 2.1% 100% 2.1.3 Gross rental income 3 GROSS RENTAL INCOME (ON A TOTAL-SHARE BASIS) In €m 12/31/2017 12/31/2016 Current change France-Belgium 438.1 428.4 2.3% Italy 210.3 204.7 2.7% Scandinavia 192.5 197.6 -2.6% Iberia 123.6 113.1 9.3% CEE and Turkey 124.5 121.3 2.7% The Netherlands 64.6 61.1 5.8% Germany 54.4 57.2 -4.8% TOTAL SHOPPING CENTERS 1,208.0 1,183.4 2.1% Other retail properties 28.0 30.6 -8.7% TOTAL 1,236.0 1,214.0 1.8% KLÉPIERRE 2017 REGISTRATION DOCUMENT 43