CORPORATE GOVERNANCE REPORT 5Compensation and benefits of executive corporate officers Long-term incentive In a decision dated February 2, 2017, the Supervisory Board authorized, The methods for determining the level of the fixed annual on the recommendation of the Nomination and Compensation compensation for Executive Board members are detailed in Committee, the allocation of 35,000 shares to Jean-Marc Jestin section 5.2.2.1 a) of the registration document. for the 2017 Plan, which was established by the Executive Board on April 18, 2017. Short-term variable compensation These shares are fully subject to performance conditions, in Jean-Michel Gault’s short-term variable compensation for fiscal year accordance with the rules described in section 6.1.3.3. 2017 was set by the Supervisory Board meeting of February 6, 2018, on the proposal of the Nomination and Compensation Committee, after b) Determination of the compensation applying the criteria set at the beginning of 2017 and that appear in of Jean-Michel Gault, Deputy CEO, member the tables below. of the Executive Board, by application of the It should be noted that, in accordance with AFEP-MEDEF Code principles described in paragraph 5.2.2.1 recommendations, Jean-Michel Gault was not present during the deliberations of the Supervisory Board regarding his compensation. Fixed compensation For fiscal year 2017, the fixed compensation of Jean-Michel Gault was €400,000. 3 QUANTITATIVE COMPONENT, CAPPED AT 80% OF FIXED ANNUAL COMPENSATION (represents 61.5% of the maximum total short-term variable compensation) Themes that triggered Achievement for the setting of targets Target fiscal year 2017 Financial indicator Net current cash Thresholds The quantitative component is indexed to the target announced €2.48 flow per share reached to the market in February 2017 of €2.37 per share The minimum has been set at 95% of the target and the cap at 80% of fixed annual compensation As a % of fixed from 0% to 80% 80% salary 2017 QUANTITATIVE TOTAL (as a % of fixed salary) 80% The 2017 quantitative component corresponds to a year of exceptional performance for Klépierre which significantly outperformed its net current cash flow per share target. 254 KLÉPIERRE 2017 REGISTRATION DOCUMENT