GECINA - REFERENCE DOCUMENT 2017

PRESENTATION OF THE GROUP

Gecina’s fundamentals: centrality, scarcity, innovation

01

MONTHLY CHANGE IN THE SHARE PRICE AND IN THE VOLUME OF SECURITIES TRADED OVER 3 YEARS

higher

monthly volumes

average

In thousands

In euros

lower

3,500

153.9

140.3

140.4

139.2

139.4

137.4

137.2

137.2

137.6

135.3

3,000

132.7

132.1

139.0

129.9

129.3

129.6

129.5

128.6

136.5

128.3

127.6

134.1

124.2

124.3

132.3

123.7

121.8

129.3

128.0

120.2

119.5

128.0

126.7

127.2

118.6

118.9

127.1

118.1

126.5

118.0

117.0

115.8

115.5

116.6

115.0

114.9

113.2

121.9

119.0

119.6

119.1

2,500

118.2

116.4

115.4

115.6

115.2

113.1

112.8

111.6

111.6

111.0

107.9

107.7

107.3

106.6

106.6

104.4

104.3

104.1

100.0

102.1

102.7

2,000

1,500

1,000

500

0

Dec 17

Dec 16

Dec 15

Oct. 17

Oct. 16

Oct. 15

July 17

July 16

July 15

May 17

May 16

May 15

Jan. 17

Jan. 16

Jan. 15

Feb. 17

Feb. 16

Feb. 15

Nov. 17

Nov. 16

Nov. 15

Aug. 17

April 17

Aug. 16

April 16

Aug. 15

April 15

June 17

June 16

June 15

Sept. 17

Sept. 16

Sept. 15

March 17

March 16

March 15

From December 31, 2014, the last trading day of the year 2014, to December 29, 2017, the Gecina share price rose from €101.04 to €153.90, an increase of 52.3% in three years, outperforming both the SBF120 index (+26.5%) and the EPRA Europe (+16.04%) and IEIF SIIC France (+26.8%) sectoral indices. Over 2017, the share price rose +19.93%, compared to a +10.84% rise of the SBF120 index and the increases of the

EPRA Europe (+9.30%) and IEIF SIIC France (+11.74%) sectoral indices. The total number of Gecina shares traded between January 2 and December 29, 2017 on Euronext Paris was 22,908,302 (18,990,835 in 2016), with a daily average of 89,836 shares (73,894 in 2016). Over this period, the share price reached a high of €153.90 and a low of €112.80.

DIVIDENDS WHICH HAVE GROWN CONTINUOUSLY SINCE 2013

As regards the payment of dividends to shareholders, Gecina conducts an attractive long-term policy. Payment is regular and, on average, up +4.3% annually since 2013.

€4.40 €4.60 €4.65 €5,00

€5.20

€5.30

2013 2014 2015 2016 2017 2018

In respect of 2017, a cash dividend of €5.30 per share will be proposed to the General Meeting of April 18, 2018. Once the 2017 dividend has been released for payment, a 50% interim payment (€2.65) will be made in cash on March 8, 2018, followed by the balance (€2.65) on July 5, 2018, for which shareholders will be able to choose to receive a payment in new shares or cash.

11

GECINA - REFERENCE DOCUMENT 2017