SHARE CAPITAL, SHAREHOLDING, GENERAL MEETING OF SHAREHOLDERS Share capital and shareholding 6 6.1.1.3 Dividends The dividends distributed for the last five fiscal years are as follows: Fiscal year 2012 2013 2014 2015 2016 Number of shares 199,470,340 199,470,340 (a) 314,356,063 314,356,063 Net dividend €1.50 €1.55 €1.60 €1.70 €1.82 Net amount distributed €299,205,510.00 €309,179,027.00 €398,423,693.56 €534,405,307.10 €572,128,034.66 (a) The dividend of €1.60 consisting of (i) an interim dividend in a total amount of €181,518,009.40, or €0.91 per share (based on a total number of shares of 199,470,340 as at December 31, 2014), the shares going ex-dividend on January 8, 2015 and the interim dividend being paid in cash on January 12, 2015; and (ii) a final dividend to the shareholders representing an additional distribution of €216,905,684.16, or €0.69 per share (on a total number of shares of 314,356,063), the shares going ex-dividend on April 17, 2015 and the final dividend being paid in cash on April 21, 2015. Unclaimed dividends must be paid to the French government after a period of five years has elapsed as of the payment date. Shares held by the Company do not confer entitlement to dividends. 6.1.1.4 Share capital and stock market Shares All the Company’s capital share stock is traded on the Euronext Paris market (compartment A). 2013 2014 2015 2016 2017 (a) Market capitalization (in €m) 6,719 7,127 12,885 11,740 11,526 Number of shares traded (daily average) 174,513 197,549 719,370 623,557 654,615 SHARE PRICE (in €) > High 34.94 37.75 47.69 43.17 38.13 > Low 28.79 31.09 35.29 34.56 32.24 > Last 33.68 35.73 40.99 37.35 36.67 (a) Last quotation of the year. Source: Bloomberg. Trading volume over the last 18 months (in number of shares and amount of equity traded) High Low Number of shares traded Amount of equity traded (in €) (in €) (in €) 2016 September 42.84 40.10 10,324,825 424,920,285 October 40.45 37.27 11,592,261 445,047,538 November 36.91 34.61 14,045,510 497,643,281 December 37.35 34.56 14,353,135 514,943,648 2017 January 37.60 34.81 12,713,192 455,553,458 February 36.19 35.00 14,355,407 511,825,539 March 36.62 34.54 22,704,634 815,584,541 April 37.53 34.60 14,149,542 517,366,996 May 37.58 36.04 14,683,288 540,645,646 June 38.13 35.89 13,226,705 492,106,017 July 35.69 34.38 13,276,503 467,330,163 August 34.66 33.19 13,527,202 458,259,126 September 34.29 32.54 11,876,929 396,239,991 October 34.15 32.24 11,497,988 380,601,045 November 35.07 33.68 13,500,479 467,165,396 December 36.67 34.78 14,687,965 523,689,898 2018 January 37.32 35.53 18,736,026 679,821,046 February 35.79 33.13 17,219,747 585,102,490 Source: Bloomberg. Dilutive instruments No dilutive instruments have been issued. Developments relating to delegated authorities and authorizations granted to the Executive Board appear on page 266 of this registration document. KLÉPIERRE 2017 REGISTRATION DOCUMENT 267