GECINA - REFERENCE DOCUMENT 2017

03

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

3.5.9

OTHER INFORMATION

Shareholding structure of the Group 3.5.9.1 At December 31, 2017, Gecina’s shareholding was structured as follows:

BREAKDOWN OF SHARE CAPITAL AND VOTING RIGHTS AT DECEMBER 31, 2017

% of exercisable voting rights (2)

% of theoretical voting rights (1)

Number of shares 14,803,793 9,940,159 6,824,636 5,860,925 2,894,949 32,869,371 2,169,611

% of share capital

Shareholders

Ivanhoé Cambridge (3)

19.64% 19.64% 20.23% 13.19% 13.19% 13.58% 9.06% 9.06% 9.32% 7.78% 7.78% 8.01% 3.84% 3.84% 3.96% 43.61% 43.61% 44.91%

Crédit Agricole Assurances – Predica

Norges Bank

Other resident institutional shareholders

Individual shareholders Non-resident shareholders

Treasury shares

2.88% 2.88%

TOTAL 75,363,444 100.00% 100.00% 100.00% The calculation of percentages of voting rights takes into account all shares entitled to voting rights, including shares with restricted voting rights (1) (treasury shares). The calculation of percentages does not include the treasury shares held by the company which have restricted voting rights. (2) On the basis of Ivanhoé Cambridge's latest declaration of crossing of ownership thresholds (Decision and Information AMF No. 217C2872 (3) of December 8, 2017).

CHANGE IN THE BREAKDOWN OF SHARE CAPITAL OVER THE LAST THREE YEARS

12/31/2016 % of theoretical voting rights (1)

12/31/2015

12/31/2017 % of theoretical voting rights (1)

% of exercisable voting rights (2)

% of exercisable voting rights (2)

% of exercisable voting rights (2)

% of theoretical voting rights (1)

% of share capital

% of share capital

% of share capital

Ivanhoé Cambridge Blackstone & Ivanhoé Cambridge Crédit Agricole Assurances – Predica

19.64% 19.64% 20.23% 22.91% 22.91% 23.04%

26.37% 26.37% 26.64%

13.19% 13.19% 13.58% 13.29% 13.29% 13.37% 13.32% 13.32% 13.45% 9.06% 9.06% 9.32% 9.68% 9.68% 9.74% 9.70% 9.70% 9.80%

Norges Bank

Other resident institutional shareholders 7.78% 7.78% 8.01% 4.69% 4.69% 4.72% 3.75% 3.75% 3.78% Individual shareholders 3.84% 3.84% 3.96% 4.21% 4.21% 4.24% 4.33% 4.33% 4.37%

Non-resident shareholders

43.61% 43.61% 44.91% 44.63% 44.63% 44.90% 41.55% 41.55% 41.96%

Treasury shares

2.88% 2.88%

0.59% 0.59%

0.98% 0.98%

TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% The calculation of percentages of voting rights takes into account all shares entitled to voting rights, including shares with restricted voting rights (treasury shares). (1) The calculation of percentages does not include the treasury shares held by the company which have restricted voting rights. (2)

At December 31, 2017, the percentages of share capital and voting rights held by the members of the administrative and governance bodies were 32.4% and 33.3% respectively. As at December 31, 2017, Group employees held 776,122 Gecina shares directly and 75,517 Gecina shares indirectly via the Gecina employee shareholding fund (“FCPE Gecina actionnariat”), representing a total of 1.13% of the share capital. During the 2017 financial year, the Company was notified of seven declarations of crossing legal thresholds by the

company BlackRock, Inc. These crossings, both upward and downward, of technical thresholds were due to transactions on the market and the decrease and increase in the number of Gecina shares held as collateral. On December 7, 2017, BlackRock, Inc. also declared that it had exceeded the statutory threshold of 5%. To the Company’s knowledge, no other shareholder owns more than 5% of the share capital or voting rights at December 31, 2017. The company has no pledges on its treasury shares.

102 GECINA - REFERENCE DOCUMENT 2017

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