FINANCIAL STATEMENTS Corporate financial statements as of December 31, 2017 3 Partners’ agreement signed by the Klépierre group Directors and in particular the number of representatives of each with the main shareholders of Akmerkez (listed company shareholder on the Board. It also includes provisions regarding the in Turkey) majority requirements applicable to adopt decisions that must be submitted for the approval of the Board of Directors. This agreement signed in 2005 contains provisions regulating the relationship between partners, the composition of the Board of Note 7 Items concerning related companies In €k Amounts Advances and pre-payments on fixed assets - Net equity investments 7,779,844 Loan to subsidiaries and related companies 5,145,878 Loans 28,159 Advances and pre-payments to suppliers (current assets) - Trade accounts and notes receivables 3,458 Other receivables 339 Accruals - Subscribed capital called but not paid - Convertible bonds - Other bonds - Loans and borrowings from credit institutions - Other loans and borrowings 897,117 Advances and pre-payments received - Trade and other payables 8,928 Other liabilities 21,235 Operating income 334 Operating expenses 6,762 Financial income 484,017 Financial expenses 137,060 Note 8 Other disclosures 8.1 Automatic cash centralization 8.4 Compensations paid to corporate officers On November 30, 2000, Klépierre SA joined a cash pool managed by and to Supervisory Board members Klépierre Finance SAS. The latter was the subject of a new agreement Klépierre SA, the parent company of the Klépierre group, is a French dated April 5, 2017. corporation whose governance structure comprises an Executive At December 31, 2017, Klépierre SA owed €891.1 million to Klépierre Board and a Supervisory Board. Finance SAS. The amount of the gross remuneration paid to the corporate officers for 2017 is €1,887,157. 8.2 Employees The amount of directors’ fees granted to the members of the At December 31, 2017, the staff includes the two members of the Supervisory Board for the fiscal year 2017 totaled €665,989. The Executive Board and two employee. The Company is managed and annual allowance granted to the Chairman of the Supervisory Board administered by Klépierre Management SNC. for the fiscal year 2017 totaled €100,161. 8.3 Loans and guarantees granted and set up 8.5 Post-balance sheet date events for corporate officers and Supervisory Board In January 2018, Klépierre adjusted its fixed-rate position by setting up members a portfolio of interest rate hedges (caps) of €700 million. In addition, under the share buyback program, 761,867 shares were repurchased None. for an amount of €27.3 million. Note 9 Consolidation information The Klépierre SA corporate financial statements are fully consolidated in the Klépierre group. At December 31, 2017, the Klépierre group is consolidated under the equity method by Simon Property Group and APG which held respectively a 20.33% and a 13.49% stake in the equity of Klépierre (including treasury shares). KLÉPIERRE 2017 REGISTRATION DOCUMENT 155