SHARE CAPITAL, SHAREHOLDING, GENERAL MEETING OF SHAREHOLDERS General Meeting of Shareholders 6 5. Maximum portion of the capital to be acquired 6. Maximum authorized purchase price per share and maximum number of shares that may be The maximum purchase price is €50 per share, and it is specified that acquired under the 2018 Share Buyback Program this price may be adjusted in the event of any capital transaction or The number of shares that the Company will be authorized to any other transaction that affects the Company’s share capital, to take purchase may not exceed 10% of the shares comprising the share into account its impact on the value of the share. capital of the Company, at any time, and this percentage applies to a The maximum amount of funds that can be used to finance the 2018 capital adjusted in accordance with the transactions affecting it after Share Buyback Program is estimated at €1,571,780,300, calculated on the General Meeting. For informational purposes, based on the share the basis of a maximum purchase price of €50 per share and the share capital existing as of February 28, 2018 minus the 13,706,590 shares capital of Klépierre as of February 28, 2018. held at that date, the maximum number of shares that can be purchased is 17,729,016. 7. Duration of the 2018 Share Buyback Program The number of shares that the Company will be authorized to hold, at any given time, may not exceed 10% of the shares comprising its share Under the fifteenth resolution that will be submitted to the General capital on the relevant date. For information purposes, based on the Meeting of Shareholders for a vote on April 24, 2018, the Share share capital existing at February 28, 2018, the maximum number of Buyback Program can be implemented over a period of 18 months shares that can be held totals 31,435,606. following that date, i.e., until October 24, 2019. KLÉPIERRE 2017 REGISTRATION DOCUMENT 291