CORPORATE GOVERNANCE REPORT 5Compensation and benefits of executive corporate officers Summary Changes in total compensation of the Executive Board members As the graph below demonstrates, the total compensation of the Executive Board members is mainly composed of a portion subject to financial and non-financial performance conditions (short-term variable + long-term incentive). These conditions are defined in consistency with the Group’s desire to promote long-term growth and commitment of Group employees, while ensuring a convergence of interests for the shareholders and employees. 643,650 551,700 Long-term incentive 525,600 525,600 Short-term variable compensation Fixed compensation 650,000 503,472 447,899 512,000 391,807 500,000 371,700 400,000 2016* 2017** 2016 2017 Jean-Marc Jestin, Jean-Michel Gault, Chairman of the Executive Board Member of the Executive Board * Jean-Marc Jestin was Chief Operational Officer, member of the Board. ** Jean-Marc Jestin became Chairman of the Executive Board on November 7, 2016. 5.2.3 Summary tables established based on AMF recommendations and the AFEP-MEDEF Code 3 TABLE NO. 1 – SUMMARY OF COMPENSATION IN STOCK OPTIONS AND SHARES AWARDED TO EACH EXECUTIVE CORPORATE OFFICER (in €) Jean-Marc Jestin – Chairman of the Executive Board 2016 2017 Compensation due for the fiscal year (itemized in Table 2) 921,882 1,170,178 Value of options granted during the fiscal year – – Value of performance shares granted during the fiscal year 525,600 643,650 TOTAL 1,447,482 1,813,828 Jean-Michel Gault – Deputy CEO, member of the Executive Board 2016 2017 Compensation due for the fiscal year (itemized in Table 2) 848,779 933,928 Value of options granted during the fiscal year – – Value of performance shares granted during the fiscal year 525,600 551,700 TOTAL 1,374,379 1,485,628 256 KLÉPIERRE 2017 REGISTRATION DOCUMENT