1 GROUP OVERVIEW 1.1 KLÉPIERRE’S STRATEGY AT A GLANCE 4 1.7 COMPETITIVE POSITION 25 1.2 KEY FIGURES 6 1.8 MAIN RISK FACTORS 26 1.2.1 Activity indicators 6 1.8.1 Risks related to Klépierre’s 1.2.2 Social, societal and environmental strategy and activities 26 key performance indicators 7 1.8.2 Risks related to Klépierre’s 1.2.3 Financial key performance indicators 8 financing policy and financial activities 28 1.2.4 Sectorial key performance 1.8.3 Legal, tax and regulatory risks 30 indicators (EPRA format) 9 1.8.4 Safety and security risks 30 1.8.5 Environmental risks 30 1.3 STOCK MARKET 1.8.6 Insurance risks 31 AND SHAREHOLDER BASE 10 1.8.7 Risks related to information systems 32 1.4 BACKGROUND 11 1.9 INTERNAL CONTROL AND RISK 1.5 PROPERTY PORTFOLIO MANAGEMENT 32 AS OF DECEMBER 31, 2017 12 1.9.1 Objectives and principles 32 1.5.1 Shopping centers 12 1.9.2 Organization of risk management 1.5.2 Retail assets 22 and internal control 32 1.5.3 Overview of valuation 1.9.3 Risk assessment methodology 33 reports prepared 1.9.4 Control measures addressing by Klépierre’s independent major risks 34 external appraisers 22 1.9.5 Preparation and processing of financial and accounting data 37 1.6 SIMPLIFIED ORGANIZATION CHART AS OF DECEMBER 31, 2017 24 KLÉPIERRE 2017 REGISTRATION DOCUMENT 3