FFP_REGISTRATION_DOCUMENT_2017

CORPORATE GOVERNANCE

Corporate officers’ remuneration and benefits of any kind

SHAREHOLDER APPROVAL OF THE FIXED SALARY, BONUSES AND EXCEPTIONAL PAYMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID OR AWARDED IN RESPECT OF THE FINANCIAL YEAR TO 31 DECEMBER 2017 TO BERTRAND FINET, CHIEF OPERATING OFFICER

Amounts or accounting value subject to the vote Presentation

Remuneration Fixed salary Annual bonus

€550,190 €150,000

Gross fixed salary set by the Board of Directors on 9 March 2017.

Set at a maximum of €150,000. The bonus is determined using precise qualitative (capped at €90,000) and quantifiable criteria (capped at €60,000), the choice and weighting of which are approved each year at the beginning of the year by the Board of Directors on the recommendation of the Governance, Appointments and Remuneration Committee. For 2017, the bonus is based on:  W qualitative criteria linked to Bertrand Finet’s integration within the Company, strategic insights, the increase in the deal flow and how FFP is perceived in the markets; and  W quantifiable criteria, which break down into two sub-criteria: • 50% linked to the performance of FFP’s NAV excluding PSA compared with that of the Eurostoxx 600 index on a dividends reinvested basis. If performance is positive and exceeds that of the Eurostoxx 600 index, this portion is triggered progressively, with the maximum allocation for a performance of over 6%, and • 50% linked to the absolute performance of FFP’s NAV excluding PSA. If performance is positive, this portion is triggered progressively, with the maximum allocation for a performance of over 8%. The bonuses paid to Bertrand Finet in respect of 2017 accounts for 27% of his fixed salary. Bertrand Finet did not receive any exceptional payments in respect of 2017. Bertrand Finet holds performance shares subject to the following conditions:  W authorisation: Ordinary and Extraordinary General Meeting of 3 May 2016 (Tenth resolution);  W allotment decision: Board of Directors’ meeting on 9 March 2017;  W vesting period: from 9 March 2017 to 9 March 2020;  W lock-up period: no lock-up period, with shares available for sale from 9 July 2020. Even so, only 25% of the shares vested may be sold, as he is obliged to hold the remainder for his entire term in office;  W number of shares: 4,733 or 0.019% of FFP’s share capital at 31 December 2017;  W performance conditions: • absolute performance criteria: definitive vesting of one-third of the shares allotted (1,578 shares) if the rise in FFP’s total NAV (including PSA) averages 5% p.a. over the • definitive vesting of a maximum of one-third of the shares allotted (1,578 shares) if the increase in FFP’s NAV excluding PSA exceeds that in the Eurostoxx 600 index (dividends reinvested) by up to 75bp p.a. over the period from 31 December 2016 to 31 December 2019 (i.e. by 225bp over 3 years), • definitive vesting of a maximum of one-third of the shares allotted (1,577 shares) if the increase in FFP’s NAV excluding PSA exceeds that in the Eurostoxx 600 index (dividends reinvested) by more than 75bp p.a. up to a cap of 150bp p.a. over the period from 31 December 2016 to 31 December 2019 (i.e. by 450bp over 3 years). Bertrand Finet does not receive any deferred bonuses. Bertrand Finet does not benefit from any long-term incentive plans. period from 31 December 2016 to 31 December 2019, • relative performance criteria (straight-line vesting):

2

Deferred bonuses Long-term incentive plans

n/a n/a

Exceptional payments n/a

Performance shares €396,247

Attendance fees

No payment

Bertrand Finet does not receive attendance fees.

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FFP

2017 REGISTRATION DOCUMENT