FINANCIAL STATEMENTS Consolidated financial statements as of December 31, 2017 3 List of consolidated companies % of interest % of control Full consolidated companies Country 12/31/2017 12/31/2016 Change 12/31/2017 12/31/2016 Change Klépierre Athinon AE Greece 83.00% 83.00% - 100.00% 100.00% - Klépierre Peribola Patras AE Greece 83.00% 83.00% - 100.00% 100.00% - Nyiregyhaza Plaza KFT Hungary 100.00% 100.00% - 100.00% 100.00% - SA Duna Plaza ZRT Hungary 100.00% 100.00% - 100.00% 100.00% - CSPL 2002 KFT Hungary 100.00% 100.00% - 100.00% 100.00% - Sarl GYR 2002 KFT Hungary 100.00% 100.00% - 100.00% 100.00% - Uj Alba 2002 KFT Hungary 100.00% 100.00% - 100.00% 100.00% - Miskolc 2002 KFT Hungary 100.00% 100.00% - 100.00% 100.00% - Kanizsa 2002 KFT Hungary 100.00% 100.00% - 100.00% 100.00% - Klépierre Corvin KFT Hungary 100.00% 100.00% - 100.00% 100.00% - Corvin Vision KFT Hungary 66.67% 66.67% - 66.67% 66.67% - Immobiliare Gallerie Commerciali S.p.A Italy 100.00% 100.00% - 100.00% 100.00% - Klecar Italia S.p.A Italy 83.00% 83.00% - 100.00% 100.00% - Klefin Italia S.p.A Italy 100.00% 100.00% - 100.00% 100.00% - Galleria Commerciale Di Collegno S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Galleria Commerciale Serravalle S.p.A Italy 100.00% 100.00% - 100.00% 100.00% - Galleria Commerciale Assago S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Galleria Commerciale Klépierre S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Galleria Commerciale Cavallino S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Galleria Commerciale Solbiate S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - K2 Italy 95.06% 95.06% - 95.06% 95.06% - Klépierre Matera S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Klépierre Caserta S.r.l Italy 83.00% 83.00% - 100.00% 100.00% - Shopville Le Gru S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Grandemilia S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Shopville Gran Reno S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Il Maestrale S.p.A. Italy 100.00% 100.00% - 100.00% 100.00% - Comes – Commercio e Sviluppo S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Globodue S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Globotre S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Generalcostruzioni S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - B.L.O. S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Corio Italia S.r.l Italy 100.00% 100.00% - 100.00% 100.00% - Reluxco International SA Luxembourg 100.00% 100.00% - 100.00% 100.00% - Storm Holding Norway AS Norway 56.10% 56.10% - 100.00% 100.00% - Steen & Strom AS Norway 56.10% 56.10% - 100.00% 100.00% - Slagenveien 2 AS Norway 56.10% 56.10% - 100.00% 100.00% - Amanda Storsenter AS Norway 56.10% 56.10% - 100.00% 100.00% - Farmandstredet Eiendom AS Norway 56.10% 56.10% - 100.00% 100.00% - Nerstranda AS Norway 56.10% 56.10% - 100.00% 100.00% - Hamar Storsenter AS Norway 56.10% 56.10% - 100.00% 100.00% - Stavanger Storsenter AS Norway 56.10% 56.10% - 100.00% 100.00% - Vinterbro Senter DA Norway 56.10% 56.10% - 100.00% 100.00% - Steen & Strøm Mediapartner Norge AS Norway 56.10% 56.10% - 100.00% 100.00% - Oslo City Kjopesenter AS Norway 56.10% 56.10% - 100.00% 100.00% - Oslo City Parkering AS Norway 56.10% 56.10% - 100.00% 100.00% - Gulskogen Senter AS Norway 56.10% 56.10% - 100.00% 100.00% - Capucine B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Klépierre Nordica B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Corio Beleggingen I B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Corio Nederland Kantoren B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Klépierre Management Nederland B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Hoog Catharijne B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Klépierre Nederland B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Bresta I B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - CCA German Retail I B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - CCA German Retail II B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Klépierre Participaties I B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - Klépierre Participaties II B.V. The Netherlands 100.00% 100.00% - 100.00% 100.00% - KLP Polska Sp. z o.o. Sadyba SKA w likwidacji Poland 100.00% 100.00% - 100.00% 100.00% - KLÉPIERRE 2017 REGISTRATION DOCUMENT 125