CORPORATE GOVERNANCE REPORT 5Compensation and benefits of executive corporate officers Other benefits document, Jean-Michel Gault has a supplementary pension plan for With respect to the benefits of all kinds: senior executives of Compagnie Bancaire. This plan is capped and has been closed since December 31, 2000. > the members of the Executive Board have a corporate vehicle at their disposal; 5.2.2.2 Compensation of Executive Board members > they receive the same provident fund insurance and healthcare Summary tables based on the AMF recommendations and the benefits plan as other Group employees in France. The amount AFEP-MEDEF Code guidelines are presented on page 256 and of annual contributions paid by the Company for this purpose is following of this registration document. immaterial and totals €6,348.72 (€3,144.36 for Jean-Marc Jestin and €3,204.36 for Jean-Michel Gault); a) Determination of the compensation > they are insured for loss of employment through the GSC. of Jean-Marc Jestin, Chairman of the Executive Board, Note that no loans or guarantees have been granted to Klépierre in accordance with the principles described corporate officers or Supervisory Board members. in paragraph 5.2.2.1 No payment of directors’ fees for offices held within the Fixed compensation Group For fiscal year 2017, the fixed compensation of Jean-Marc Jestin was Starting in 2015, the members of the Executive Board no longer receive €500,000. directors’ fees for their participation in various Group companies. The methods for determining the level of the fixed annual compensation No deferred variable compensation/Long-term variable for Executive Board members are detailed in section 5.2.2.1 a) of the registration document. compensation Klépierre compensation policy does not include the payment of any Short-term variable compensation deferred variable compensation or long-term variable compensation. Jean-Marc Jestin’s short-term variable compensation for fiscal year 2017 was set by the Supervisory Board meeting of February 6, 2018, on No defined benefit pension plan/No defined contribution the proposal of the Nomination and Compensation Committee, after pension plan applying the criteria set at the beginning of 2017 and that are shown The members of the Executive Board do not have any defined in the tables below. benefit pension plan nor any defined contribution pension plan. They It should be noted that, in accordance with the AFEP-MEDEF Code receive the same AGIRC supplementary pension plan as other Group guidelines, Jean-Marc Jestin was not present during the deliberations managers. In addition, as mentioned on page 262 of this registration of the Supervisory Board regarding his compensation. 3 QUANTITATIVE COMPONENT, CAPPED AT 80% OF FIXED ANNUAL COMPENSATION (represents 61.5% of the maximum total short-term variable compensation) Themes that triggered Achievement for the setting of targets Target fiscal year 2017 Financial indicator Net current cash Thresholds The quantitative component is indexed to the target announced €2.48 flow per share reached to the market in February 2017 of €2.37 per share target The minimum has been set at 95% of the target and the cap at 80% of fixed annual compensation As a % of fixed from 0% to 80% 80% salary 2017 QUANTITATIVE TOTAL (as a % of fixed salary) 80% The 2017 quantitative component corresponds to a year of exceptional performance for Klépierre which significantly outperformed its net current cash flow per share target. 252 KLÉPIERRE 2017 REGISTRATION DOCUMENT