FINANCIAL STATEMENTS 3Consolidated financial statements as of December 31, 2017 List of consolidated companies % of interest % of control Full consolidated companies Country 12/31/2017 12/31/2016 Change 12/31/2017 12/31/2016 Change Klépierre Kraków Sp. z o.o. w likwidacji Poland 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Poznań SKA Poland 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Ruda Śląska sp.k. Poland 100.00% 100.00% - 100.00% 100.00% - Sadyba Best Mall Sp. z o.o. sp.k. Poland 100.00% 100.00% - 100.00% 100.00% - Klépierre Pologne Sp. z o.o. Poland 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Rybnik SKA Poland 100.00% 100.00% - 100.00% 100.00% - Sosnowiec Property KLP Polska Sp. z o.o. sp.k. Poland 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Movement SKA w likwidacji Poland 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Lublin sp.k. Poland 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Kraków sp.k. Poland 100.00% 100.00% - 100.00% 100.00% - Sadyba Best Mall Sp. z o.o. Poland 100.00% 100.00% - 100.00% 100.00% - KLP Poznań Sp. z o.o. Poland 100.00% 100.00% - 100.00% 100.00% - Ruda Śląska Property KLP Polska Sp. z o.o. sp.k. Poland 100.00% 100.00% - 100.00% 100.00% - KLP Investment Poland Sp. z o.o. Poland 100.00% 100.00% - 100.00% 100.00% - Rybnik Property KLP Polska Sp. z o.o. sp.k. Poland 100.00% 100.00% - 100.00% 100.00% - KLP Lublin Sp. z o.o. Poland 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Poland 100.00% 100.00% - 100.00% 100.00% - IPOPEMA 96 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych Poland 100.00% 100.00% - 100.00% 100.00% - Klelou Imobiliaria Spa SA Portugal 100.00% 100.00% - 100.00% 100.00% - Galeria Parque Nascente SA Portugal 100.00% 100.00% - 100.00% 100.00% - Gondobrico SA Portugal 100.00% 100.00% - 100.00% 100.00% - Klenord Imobiliaria SA Portugal 100.00% 100.00% - 100.00% 100.00% - Kletel Imobiliaria SA Portugal 100.00% 100.00% - 100.00% 100.00% - Kleminho Imobiliaria SA Portugal 100.00% 100.00% - 100.00% 100.00% - Corio Espaço Guimarães SA Portugal 100.00% 100.00% - 100.00% 100.00% - Klépierre Cz S.R.O. Czech Republic 100.00% 100.00% - 100.00% 100.00% - Klépierre Praha S.R.O. Czech Republic 100.00% 100.00% - 100.00% 100.00% - Klépierre Plzen AS Czech Republic 100.00% 100.00% - 100.00% 100.00% - Nový Smíchov First Floor S.R.O. Czech Republic 100.00% 0.00% 100.00% 100.00% 0.00% 100.00% Arcol Group S.R.O. Slovakia 100.00% 100.00% - 100.00% 100.00% - Nordica Holdco AB Sweden 56.10% 56.10% - 56.10% 56.10% - Steen & Strøm Holding AB Sweden 56.10% 56.10% - 100.00% 100.00% - FAB CentrumInvest Sweden 56.10% 56.10% - 100.00% 100.00% - FAB Emporia Sweden 56.10% 56.10% - 100.00% 100.00% - FAB Borlänge Köpcentrum Sweden 56.10% 56.10% - 100.00% 100.00% - FAB Marieberg Galleria Sweden 56.10% 56.10% - 100.00% 100.00% - FAB Allum Sweden 56.10% 56.10% - 100.00% 100.00% - FAB P Brodalen Sweden 56.10% 56.10% - 100.00% 100.00% - Partille Lexby AB Sweden 56.10% 56.10% - 100.00% 100.00% - FAB P Åkanten Sweden 56.10% 56.10% - 100.00% 100.00% - FAB P Porthälla Sweden 56.10% 56.10% - 100.00% 100.00% - Fastighets Västra Götaland AB Sweden 56.10% 56.10% - 100.00% 100.00% - Grytingen Nya AB Sweden 36.35% 36.35% - 64.79% 64.79% - FAB Lackeraren Borlänge Sweden 56.10% 56.10% - 100.00% 100.00% - FAB Centrum Västerort Sweden 56.10% 56.10% - 100.00% 100.00% - Klépierre Gayrimenkul Yönetimi ve Yatirim Ticaret AS Turkey 100.00% 100.00% - 100.00% 100.00% - Miratur Turizm Insaat ve Ticaret AS Turkey 100.00% 100.00% - 100.00% 100.00% - Tan Gayrimenkul Yatirim Insaat Turizm Pazarlama ve Ticaret AS Turkey 51.00% 51.00% - 51.00% 51.00% - SERVICE PROVIDERS – INTERNATIONAL Klépierre Mall Management II GmbH Germany 100.00% 100.00% - 100.00% 100.00% - 126 KLÉPIERRE 2017 REGISTRATION DOCUMENT