GLOSSARY Anchor Clubstore® A retailer whose strong appeal as a consumer magnet plays a leading All the actions taken to enhance the customer journey and experience role in the animation and creation of traffic within a specific retail or in the Group’s shopping centers. Clubstore® is one of Klépierre’s commercial zone or a shopping center. strategic pillars. Biodiversity CNCC (Conseil national des centres Biodiversity, or biological diversity, includes all of the living species that commerciaux) live on Earth (plants, animals, micro-organisms, etc.), the communities French professional organization that brings together the players they form and the habitats in which they live. that participate in the promotion and development of shopping centers: developers, owners, managers, retailers, service providers Box and merchant organizations. A stand-alone retail space that is generally situated near or in the Constant/current portfolio basis parking lot of a retail mall or a retail park, designed to enhance the appeal of the latter. The Group analyzes the change in some indicators either by taking into account all of the holdings it actually owned over the period or BREEAM (Building Research Establishment date of analysis (current portfolio), or by isolating the impact of any acquisitions, extensions or disposals during the period, in order to Environmental Assessment Method) obtain a stable basis of comparison (constant portfolio or like-for-like Method of environmental assessment for buildings that was developed portfolio). by the Building Research Establishment (UK). Corporate governance Capitalization rate (cap rate) All of the relationships between the corporate executive officers The average capitalization rate corresponds to the ratio of total of a company, its Board of Directors or its Supervisory Board, its expected net rents for occupied and vacant properties to the value, shareholders and other stakeholders. Corporate governance also transfer duties excluded, of these same properties. Transfer duties provides the framework within which corporate objectives are set, are the fees for any change in ownership when the asset or its owning the resources needed to achieve them are defined, and performance company is sold (notary fees, deed and title, registration, etc.). assessment standards are agreed to. Catchment area Development pipeline A habitual or theoretical area from which a point of sale or shopping Name given to all investments that the Group plans to undertake, center draws its potential customers. The scope of this area is over a given period of time, related to the creation, extension and/ influenced by the distance and time it takes to gain access. or renovation of portfolio assets or the acquisition of assets or of companies. The Klépierre development pipeline is generally broken down into CDAC (Commission départementale three categories: d’aménagement commercial) > ongoing operations: operations in progress, in which Klépierre has A French administrative commission that rules on commercial and land ownership and has obtained all the required administrative retail projects submitted for prior approval. authorizations; KLÉPIERRE 2017 REGISTRATION DOCUMENT 303