FINANCIAL STATEMENTS 3Consolidated financial statements as of December 31, 2017 List of consolidated companies % of interest % of control Equity method companies: jointly controlled Country 12/31/2017 12/31/2016 Change 12/31/2017 12/31/2016 Change Cécobil SCS France 50.00% 50.00% - 50.00% 50.00% - Du Bassin Nord SCI France 50.00% 50.00% - 50.00% 50.00% - Le Havre Vauban SNC France 50.00% 50.00% - 50.00% 50.00% - Le Havre Lafayette SNC France 50.00% 50.00% - 50.00% 50.00% - Girardin SCI France 33.40% 33.40% - 33.40% 33.40% - Société Immobilière de la Pommeraie SC France 50.00% 50.00% - 50.00% 50.00% - Parc de Coquelles SNC France 50.00% 50.00% - 50.00% 50.00% - Kleprim’s SCI France 50.00% 50.00% - 50.00% 50.00% - Celsius Le Murier SNC France 40.00% 40.00% - 40.00% 40.00% - Celsius Haven SNC France 40.00% 40.00% - 40.00% 40.00% - Clivia S.p.A Italy 50.00% 50.00% - 50.00% 50.00% - Galleria Commerciale Il Destriero S.p.A Italy 50.00% 50.00% - 50.00% 50.00% - CCDF S.p.A Italy 49.00% 49.00% - 49.00% 49.00% - Galleria Commerciale Porta di Roma S.p.A Italy 50.00% 50.00% - 50.00% 50.00% - Galleria Commerciale 9 S.r.l Italy 50.00% 50.00% - 50.00% 50.00% - Italian Shopping Centre Investment S.r.l Italy 50.00% 50.00% - 50.00% 50.00% - Holding Klege S.r.l Luxembourg 50.00% 50.00% - 50.00% 50.00% - Nordbyen Senter 2 AS Norway 28.05% 28.05% - 50.00% 50.00% - Metro Senter ANS Norway 28.05% 28.05% - 50.00% 50.00% - Økern Sentrum ANS Norway 28.05% 28.05% - 50.00% 50.00% - Økern Eiendom ANS Norway 28.05% 28.05% - 50.00% 50.00% - Metro Shopping AS Norway 28.05% 28.05% - 50.00% 50.00% - Nordbyen Senter DA Norway 28.05% 28.05% - 50.00% 50.00% - Økern Sentrum AS Norway 28.05% 28.05% - 50.00% 50.00% - Nordal ANS Norway 28.05% 28.05% - 50.00% 50.00% - Klege Portugal SA Portugal 50.00% 50.00% - 50.00% 50.00% - List of consolidated companies % of interest % of control Equity method companies: significant influence Country 12/31/2017 12/31/2016 Change 12/31/2017 12/31/2016 Change La Rocade SCI France 38.00% 38.00% - 38.00% 38.00% - La Rocade Ouest SCI France 36.73% 36.73% - 36.73% 36.73% - Du Plateau SCI France 19.65% 19.65% - 30.00% 30.00% - Achères 2000 SCI France 30.00% 30.00% - 30.00% 30.00% - Le Champs de Mais SC France 40.00% 40.00% - 40.00% 40.00% - Société du bois des fenêtres SARL France 20.00% 20.00% - 20.00% 20.00% - Step In SAS France 24.46% 0.00% 24.46% 24.46% 0.00% 24.46% Akmerkez Gayrimenkul Yatirim Ortakligi AS Turkey 46.92% 46.92% - 46.92% 46.92% - % of interest % of control List of deconsolidated companies at 12/31/2017 Country 12/31/2017 12/31/2016 12/31/2017 12/31/2016 Comments Corio SAS France 0.00% 100.00% 0.00% 100.00% Merged SSI Lillestrøm Torv AS Norway 0.00% 56.10% 0.00% 100.00% Disposed Phasmatidae Holding AB Sweden 0.00% 56.10% 0.00% 100.00% Disposed Steen & Strøm CenterDrift A/S Denmark 0.00% 56.10% 0.00% 100.00% Liquidation La Plaine du Moulin à Vent SCI France 0.00% 50.00% 0.00% 50.00% Liquidation Pivoines SCI France 0.00% 33.33% 0.00% 33.33% Liquidation Corio Lulin EOOD Bulgaria 0.00% 100.00% 0.00% 100.00% Disposed 128 KLÉPIERRE 2017 REGISTRATION DOCUMENT