FINANCIAL STATEMENTS 3Consolidated financial statements as of December 31, 2017 11.2 Post-employment benefit plans 11.3 Compensation for Executive Board The main post-employment benefits are severance pay and defined and Executive Committee benefit or defined contribution pension plans. Klépierre SA, the parent company of the Klépierre Group, is a Post-employment benefit plans are administered by insurance French corporation (Société Anonyme) whose governance structure companies and other independent management companies external comprises an Executive Board and a Supervisory Board. to the Klépierre Group. The amount of directors’ fees granted to the members of the Supervisory Board for the fiscal year 2017 totaled €665,989, including €100,161 paid to the Chairman of the Supervisory Board. Compensation for the Executive Committee breaks down as follows: In €k 12/31/2017 Short-term benefits excluding employer’s contribution 4,097.7 Short-term benefits: employer’s contribution 2,194.3 Post-employment benefits 1,135.5 Other long term benefits 537.6 Share-based payment(a) 2,179.2 (a) As posted in the profit and loss account related to long term incentives (performance share plans). 11.4 Contingent liabilities 11.5 Subsequent events During the period, neither Klépierre nor its subsidiaries have been the On January 5, 2018, Klépierre completed the disposal of a building in subject of any governmental or arbitration action (including any action the city center of Köln, Germany. of which the issuer has knowledge, which is currently suspended or Klépierre continues its share buy-back program in 2018, and as of is threatened) which has recently had a significant impact on the January 29 the Group repurchased 761,867 shares for an amount of financial position or profitability of the issuer and/or the Group. €27.25 million. It is mentioned that part of the land of the Anatolium shopping In January 2018, €700 million of caps denominated in Euro were center is subject to a jurisdictional action since 2012 involving Bursa bought with an average maturity of three years. These transactions Municipality (Turkey) and previous land owners. Should any adverse aimed at rolling part of the caps portfolio maturing in 2018 court decision be taken, Klépierre preserves its rights to request (€700 million). compensation from the municipality. 11.6 Statutory Auditors’ fees Deloitte Ernst & Young Audit In €m (excluding VAT) 2017 2016 2017 2016 2017 2016 2017 2016 Audit services 1.2 1.3 100% 100% 1.2 1.1 100% 100% Auditing, certification and review of individual and consolidated financial statements > Issuer 0.2 0.2 20% 17% 0.2 0.2 17% 18% > Fully-consolidated subsidiaries 0.9 0.9 76% 68% 0.9 0.8 73% 78% Other diligences and services directly related to the Statutory Auditors engagement > Issuer 0.0 0.1 2% 5% 0.0 0.0 3% 1% > Fully-consolidated subsidiaries 0.0 0.1 3% 10% 0.1 0.0 6% 4% Other services provided by statutory auditors to fully-integrated subsidiaries 0.0 0.0 - - > Legal, tax, employment-related and other services 0.0 0.0 0% 0% 0% 0% TOTAL 1.3 1.4 100% 100% 1.2 1.1 100% 100% 11.7 Identity of the consolidating companies At December 31, 2017, Klépierre is consolidated using the equity method by Simon Property Group which holds a 20.33% stake in the equity of Klépierre (including treasury shares). Klépierre is included in consolidated accounts of APG which holds a 13.49% stake in the equity of Klépierre (including treasury shares). 122 KLÉPIERRE 2017 REGISTRATION DOCUMENT