FINANCIAL STATEMENTS Consolidated financial statements as of December 31, 2017 3 5.10 Shareholders’ equity 5.10.1 Share Capital and additional paid-in capital At December 31, 2017, the capital is composed of 314,356,063 shares each of €1.40 par value. The capital is fully paid up. Shares are either registered or bearer. Number Merger In € of shares Capital Issue premiums premiums Other premiums As of January 1, 2017 314,356,063 440,098,488 4,906,584,902 310,095,156 601,384,000 Issuing of new shares over the 2017 year AS OF DECEMBER 31, 2017 314,356,063 440,098,488 4,906,584,902 310,095,156 601,384,000 5.10.2 Treasury shares Accounting policies Treasury shares All treasury shares held by the Group are recognized at their acquisition cost and deducted from equity. Any gain arising on the disposal of treasury shares is recognized immediately as equity, such that disposal gains or losses do not impact the net income for the fiscal year. 12/31/2017 12/31/2016 Share repurchase Stock Free External program Stock Free External options shares Liquidity growth March 2017 options shares Liquidity growth Number of shares 506,631 872,091 231,347 885,195 9,761,424 634,801 852,625 155,831 885,195 > of which allocated 324,401 872,091 426,498 852,625 Acquisition value (in €m) 14.3 28.6 7.9 18.3 350.0 17.9 25.4 5.4 18.3 Income from sale (in €m) 1.9 -5.0 -1.7 On March 13, 2017, Klépierre announced a share buyback program of 5.10.4 Non-controlling interests up to €500 million. As of December 31, 2017, the Group repurchased 9,761,424 shares for an aggregated amount of €350.0 million. Non-controlling interests increased by €134.1 million during the fiscal year 2017. This change reflects the net income of the period of non- 5.10.3 Other consolidated reserves controlling interests (€269.2 million) and the payment of dividends (-€47.6 million). The increase of other consolidated reserves is mainly due to the allocation of the profits of fiscal year 2016 for €1,191.3 million (before distribution) and the deduction of the dividend distribution related to 2016 for €562 million. KLÉPIERRE 2017 REGISTRATION DOCUMENT 93