GROUP OVERVIEW 1 Simplified organization chart as of December 31, 2017 1.6 Simplified organization chart as of December 31, 2017 Shopping centers France Klécar France 83 Progest 100 Real estate business Klécar Europe Sud 83 Klépierre Klépierre Klépierre Brand Klépierre Procurement Klépierre Financière Management 100 Ventures 100 Gift Cards 100 International 100 Finance 100 Corio 100 Belgium Real estate business 100 Klépierre Management Klépierre Finance Belgique 100 Belgique 100 Spain Real estate Klépierre business > 80 Molina 100 Klépierre Management Espana 100 Italy Corio Real estate Kléfin Klécar Italia 83 Fonds K2 95 Clivia SPA 50 Italia 100 business 100 ISCI 50 Italia 100 Klépierre Management Klépierre Finance Italia 100 Italia 100 Portugal Real estate business 100 Klépierre Management Portugal 100 Luxembourg Holding Klégé 50 Reluxco 100 Greece Real estate business 100 Klépierre Management Hellas 100 The Klépierre Klépierre Real estate Netherlands Capucine B.V. 100 Nordica B.V. 100 Nederland B.V. 100 business 100 Klépierre Management Nederland B.V. 100 Turkey Real estate business Germany Real estate business Klépierre Management Deutschland 100 Poland Real estate business 100 Klépierre Management Polska 100 Hungary Real estate business 100 Klépierre Management Klépierre Finance Magyarorszag 100 Hungary 100 Czech Real estate Republic business 100 Klépierre Management Ceska Republika 100 Slovakia Real estate Legend business 100 % Direct or indirect control of Klépierre SA Klépierre Management at 12/31/17 Slovensko 100 Real estate business * Norway Steen & Strøm Service business Sweden AS 56.1 Real estate business * Subsidiary (Steen & Strøm) covering the Nordic Denmark countries owned at 56.1% with Storm ABP Management Companies Other activities France Klémurs 100 Klépierre Conseil 100 24 KLÉPIERRE 2017 REGISTRATION DOCUMENT