GECINA - REFERENCE DOCUMENT 2017

CONSOLIDATED FINANCIAL STATEMENTS Statement of changes in consolidated equity

STATEMENT OF CHANGES IN CONSOLIDATED EQUITY 3.3

At year-end 2017, the capital was composed of 75,363,444 shares with a par value of €7.50 each.

Additional paid-in capital and consolidated reserves

Total shareholders’ equity

Shareholders’ equity (owners of the parent)

Number of shares

Share capital

Non-controlling interests

In €’000 (except for number of shares)

BALANCE AT DECEMBER 31, 2015 63,260,620 474,455 7,261,326

7,735,781 (313,784)

15,573 7,751,354

Dividend paid in 2016

(313,784)

(550)

(314,334)

03

25,152

25,152

0 0

25,152

Assigned value of treasury shares (1) Impact of share-based payments (2) Actuarial gains (losses) on post-retirement benefit obligations Gains (losses) from translation differentials

1,626

1,626

1,626

(1,285)

(1,285)

0

(1,285)

(226)

(226)

0 0

(226)

174,020 1,305

13,754

15,059

15,059

Group capital increase (3)

Changes in consolidation scope Net income at December 31, 2016

196

196

(196)

0

813,472

813,472 8,275,988 (322,163) (215,473)

(1,156)

812,316

BALANCE AT DECEMBER 31, 2016 63,434,640 475,760 7,800,228

13,671 8,289,659

Dividend paid in 2017

(322,163) (215,473)

0 (322,163) 0 (215,473)

Assigned value of treasury shares (1) Impact of share-based payments (2) Actuarial gains (losses) on post-retirement benefit obligations Gains (losses) from translation differentials

2,635

2,635

0

2,635

1,315

1,315

0

1,315

95

95

0

95

11,928,804 89,466 1,256,399

1,345,866

0 1,345,866

Group capital increase (3)

Changes in consolidation scope Net income at December 31, 2017

2,144

2,144

(609)

1,535

1,895,562

1,895,562 10,985,972

15,375 1,910,937 28,438 11,014,410

Balance at December 31, 2017 75,363,444 565,226 10,420,746

Treasury shares: (1)

At 12/31/2016

At 12/31/2017

Number of shares

Number of shares

Net amount

Net amount

In €’000 (except for number of shares)

Shares recorded as a deduction from shareholders’ equity

2,169,611

243,046

372,544

27,613 0.59%

Treasury stock in %

2.88%

Impact of benefits related to shares award plans (IFRS 2). (2) Creation of shares linked to the capital increase reserved for the Group’s employees (58,287 shares in 2017 and 33,511 shares in 2016) and the (3) exercise of share subscription options reserved for employees (84,536 shares in 2017 and 140,509 shares in 2016), and the final vesting of the performance shares from the award plans of December 13, 2013 (59,162 shares in 2016) and December 13, 2013 bis (8,340 shares in 2016. In 2017, creation of 11,785,981 new shares as a consequence of the capital increases realized in the framework of the acquisition of Eurosic.).

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GECINA - REFERENCE DOCUMENT 2017