FINANCIAL STATEMENTS 3Consolidated financial statements as of December 31, 2017 10.5.2 Other information The following tables present the assumptions used for valuation of the free share plans and charges booked over the period. Plan No. 2 With performance conditions Plan authorized in 2013 France Foreign countries Share price on the date of allocation Average of the 20 opening quotations preceeding February 25, 2013 €29.54 €29.54 Volatility for Klépierre share quotes: Historical volatility over eight years, as calculated as of February 25, 2013 34,9% Klépierre share; 23,2% FTSE based on daily variation EPRA Eurozone; correlation: 0,82 Dividend per share €1.50 €1.50 Share value €14.19 €13.65 Expense for the period - €0.0 million Plan No. 3 With performance conditions Plan authorized in 2014 France Foreign countries Share price on the date of allocation Average of the 20 opening quotations preceeding March 10, 2014 €33.19 €33.19 Volatility for Klépierre share quotes: Historical volatility over eight years, as calculated as of March 10, 2014 23,68% Klépierre share and FTSE based on daily variation EPRA Eurozone; correlation: 0,66 Dividend per share €1.55 €1.55 Share value €15.67 €15.06 Expense for the period €0.2 million €0.2 million Plan No. 4 With performance conditions Plan authorized in 2015 France Foreign countries Share price on the date of allocation Average of the 40 opening quotations preceeding May 4, 2015 €45.12 €45.12 Volatility for Klépierre share quotes: Historical volatility over three years, as calculated as of May 4, 2015 20% Klépierre share and 13,50% FTSE based on daily variation EPRA Eurozone; correlation: 0,82 Dividend per share €1.60 €1.60 Share value €17.00 €16.20 Expense for the period €1 million €0.2 million Plan No. 5 With performance conditions Plan authorized in 2016 France Foreign countries Share price on the date of allocation Average of the 40 opening quotations preceeding May 2, 2016 €41.19 €41.19 Volatility for Klépierre share quotes: Historical volatility over three years, as calculated as of May 2, 2016 22% Klépierre share and 18% FTSE based on daily variation EPRA Eurozone; correlation: 0,8 Dividend per share €1.70 €1.70 Share value €17.52 €16.81 Expense for the period €1.3 million €0.3 million Plan No. 6 With performance conditions Plan authorized in 2017 France Foreign countries Share price on the date of allocation Average of the 40 opening quotations preceeding April 18, 2016 €36.02 €36.02 Volatility for Klépierre share quotes: Historical volatility over three years, as calculated as of May 2, 2016 21.5% Klépierre share and 15% FTSE based on daily variation EPRA Eurozone; correlation: 0,88 Dividend per share €1.82 €1.82 Share value €18.39 €17.64 Expense for the period €0.8 million €0.1 million 120 KLÉPIERRE 2017 REGISTRATION DOCUMENT