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 Corio et Cie SNC France 100.00% 100.00% - 100.00% 100.00% - Paris Immoblier SAS France 100.00% 100.00% - 100.00% 100.00% - Sanoux SCI France 75.00% 75.00% - 75.00% 75.00% - Centre Deux SNC France 100.00% 100.00% - 100.00% 100.00% - Mob SC France 100.00% 100.00% - 100.00% 100.00% - Corio Alpes SAS France 100.00% 100.00% - 100.00% 100.00% - Galerie du Livre SAS France 100.00% 100.00% - 100.00% 100.00% - Les Portes de Chevreuse SNC France 100.00% 100.00% - 100.00% 100.00% - Caetoile SNC France 100.00% 100.00% - 100.00% 100.00% - Corio Échirolles SNC France 100.00% 100.00% - 100.00% 100.00% - Sagep SAS France 100.00% 100.00% - 100.00% 100.00% - Maya SNC France 100.00% 100.00% - 100.00% 100.00% - Ayam SNC France 100.00% 100.00% - 100.00% 100.00% - Dense SNC France 100.00% 100.00% - 100.00% 100.00% - Newton SNC France 100.00% 100.00% - 100.00% 100.00% - Klépierre Grand Littoral SASU France 100.00% 100.00% - 100.00% 100.00% - SERVICE PROVIDERS – FRANCE Klépierre Management SNC France 100.00% 100.00% - 100.00% 100.00% - Klépierre Conseil SAS France 100.00% 100.00% - 100.00% 100.00% - Klépierre Brand Ventures SNC France 100.00% 100.00% - 100.00% 100.00% - Klépierre Gift Cards SAS France 100.00% 100.00% - 100.00% 100.00% - Klépierre Finance SAS France 100.00% 100.00% - 100.00% 100.00% - Financière Corio SAS France 100.00% 100.00% - 100.00% 100.00% - Klépierre Procurement International SNC France 100.00% 100.00% - 100.00% 100.00% - SHOPPING CENTERS – INTERNATIONAL Klépierre Management Deutschland GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Klépierre Duisburg GmbH Germany 94.99% 94.99% - 94.99% 94.99% - Klépierre Duisburg Leasing GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Klépierre Duisburg Leasing II GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Klépierre Dresden Leasing GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Klépierre Duisburg II GmbH Germany 94.99% 94.99% - 94.99% 94.99% - Klépierre Dresden GmbH Germany 94.99% 94.99% - 94.99% 94.99% - Klépierre Koln Holding GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Unter Goldschmied Köln GmbH Germany 94.99% 94.99% - 94.99% 94.99% - Klépierre Hildesheim Holding GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Projekt A GmbH & CoKG Germany 94.90% 94.90% - 94.90% 94.90% - Projekt A Vermietung GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Klépierre Berlin GmbH Germany 94.99% 94.99% - 94.99% 94.99% - Klépierre Berlin Leasing GmbH Germany 100.00% 100.00% - 100.00% 100.00% - Coimbra SA Belgium 100.00% 100.00% - 100.00% 100.00% - Les Cinémas de l’Esplanade SA Belgium 100.00% 100.00% - 100.00% 100.00% - Foncière de Louvain-la-Neuve SA Belgium 100.00% 100.00% - 100.00% 100.00% - Steen & Strøm Holding AS Denmark 56.10% 56.10% - 100.00% 100.00% - Bryggen, Vejle A/S Denmark 56.10% 56.10% - 100.00% 100.00% - Bruun’s Galleri ApS Denmark 56.10% 56.10% - 100.00% 100.00% - Field’s Copenhagen I/S Denmark 56.10% 56.10% - 100.00% 100.00% - Viva, Odense A/S Denmark 56.10% 56.10% - 100.00% 100.00% - Field’s Eier I ApS Denmark 56.10% 56.10% - 100.00% 100.00% - Field’s Eier II A/S Denmark 56.10% 56.10% - 100.00% 100.00% - Steen & Strøm CenterUdvikling VI A/S Denmark 56.10% 56.10% - 100.00% 100.00% - Klecar Foncier Iberica SL Spain 83.06% 83.06% - 100.00% 100.00% - Klecar Foncier España SL Spain 100.00% 83.06% 16.94% 100.00% 100.00% - Klépierre Vallecas SA Spain 100.00% 100.00% - 100.00% 100.00% - Klépierre Molina SL Spain 100.00% 100.00% - 100.00% 100.00% - Klépierre Plenilunio Socimi SA Spain 100.00% 100.00% - 100.00% 100.00% - Principe Pio Gestion SA Spain 100.00% 95.00% 5.00% 100.00% 95.00% 5.00% Corio Torrelodones Office Suite SL Spain 100.00% 100.00% - 100.00% 100.00% - Corio Real Estate España SL Spain 100.00% 100.00% - 100.00% 100.00% - SC Nueva Condo Murcia SLU Spain 100.00% 0.00% 100.00% 100.00% 0.00% 100.00% Klépierre Nea Efkarpia AE Greece 83.00% 83.00% - 100.00% 100.00% - Klépierre Foncier Makedonia AE Greece 83.01% 83.01% - 100.00% 100.00% - 124 KLÉPIERRE 2017 REGISTRATION DOCUMENT