Klépierre - 2016 Notice of Meeting

Information about themembers of the Supervisory Board whose appointment and renewal are subject to the approval of the General Meeting of Shareholders Members of the Supervisory Board whose renewal is subject to the approval of the General Meeting of Shareholders BERTRAND DE FEYDEAU - ViceChairman of the Supervisory Board, Chairmanof theNomination andCompensationCommittee, Member of the Investment Committee CAREER

Age: 67yearsold Nationality: French Business address: 26, boulevard des Capucines,75009Paris Date of first appointment: July21,1998 Start and end dates of term: April11,2013–2016GMS It isproposedthatthe generalmeetingof shareholdersofApril19, 2016renewhistermof office foroneyear. Number of shares: 939 Age: 69yearsold Nationality: French Business address: 26, boulevard des Capucines,75009Paris Date of first appointment: April12,2012 Start and end dates of term: April14,2015–2016GMS It isproposedthatthe generalmeetingof shareholdersofApril19, 2016renewhertermof office forthreeyears. Number of shares: 100

CURRENT APPOINTMENTS AS PER DECEMBER 31, 2015 Chairman of the Board of Directors of Foncière Développement Logements (listed company) Chairman and CEOof Société desManuscrits des Assureurs Français (SMAF) Director . Foncière des Régions (listed company) . Affine (listed company) . Société Beaujon SAS . Sefri Cime Board appointments: . Chairman of the Fondation des Bernardins . Chairman of the Fondation Palladio . Vice Chairman of the Fondation du Patrimoine . Vice Chairman of the Vieilles Maisons Françaises . Director of the Fédération des Sociétés Immobilières . et Foncières (FSIF)

Bertrand de Feydeau has held, and continues to hold, a number of positions in companies whose focus is real estate. Currently the Chairman of Foncière Développement Logements, he is also Chairman of both the Fondation Palladio and the Fondation des Bernardins. Master of Law degree and graduate of the Institut d’Études Politiques de Paris

Main position outside the Company: ChairmanoftheBoard ofDirectorsofFoncière DéveloppementLogements Main position within the Company: MemberoftheSupervisory Board–Independent member

. Director of the Club de l’Immobilier APPOINTMENTS EXPIREDDURING THE LAST FIVE YEARS Member of the Supervisory Board of Klémurs

ROSE-MARIE VAN LERBERGHE - Member of the Audit Committee, Member of the Nomination and Compensation Committee

CAREER Rose-Marie Van Lerberghe began her career as an Inspector at IGAS (General Inspectorate, Social Affairs) and then became Assistant Director for the defense and promotion of jobs at the French Labor Ministry. In 1986 she joined the Danone group, where she was notably General Director of Human Resources. In 1996 she becameExecutiveDirectorinchargeofemploymentand professional training at the FrenchMinistry of Labor and Solidarity. She then became ExecutiveDirector of APHP (Public Assistance – Hospitals of Paris). From 2006 to 2011shewasChairmanof theExecutiveBoardofKorian. From 2010 to 2014 Rose-Marie Van Lerberghe was a member of the Conseil Supérieur de la Magistrature. Graduateof ENA(ÉcoleNationaled’Administration), of Institutd’ÉtudesPolitiquesof Parisandof ÉcoleNormale Supérieure,graduateteaching inphilosophyandundergraduate degree inhistory

CURRENTAPPOINTMENTSASPERDECEMBER31,2015 Director . Bouygues (listed company) . CNP Assurances (listed company) . Fondation Hôpital Saint-Joseph Chairman of the Board of Directors of Fondation Institut Pasteur APPOINTMENTS EXPIRED DURING THE LAST FIVE YEARS Chairman of the Executive Board of the Korian group Boardmember of Air France Boardmember of CasinoGuichard-Perrachon

Main position outside the Company: ChairmanoftheBoard ofDirectorsofFondation InstitutPasteur Main position within the Company: MemberoftheSupervisory Board–Independent member

KLÉPIERRE – NOTICE OF MEETING – GENERAL MEETING OF APRIL 19, 2016 8