GECINA - REFERENCE DOCUMENT 2017

ANNUAL FINANCIAL STATEMENTS

Notes to the annual financial statements at December 31, 2017

Stock options and performance share plans

4.3.6.6

PERFORMANCE SHARE PLANS

Performance shares (1)

Performance shares (1)

Performance shares (1)

Performance shares (1)

Date of Shareholder Meeting

04/18/2013 04/21/2016 04/21/2016 04/21/2016 02/19/2015 04/21/2016 07/21/2016 07/17/2017 02/19/2015 04/21/2016 07/21/2016 07/17/2016 02/19/2018 04/21/2019 04/21/2019 07/20/2020

Date of Board Meeting Effective allocation date

Vesting date

Number of rights Withdrawal of rights

58,120

60,990

3,000

53,810

3,693

6,338

400

Share price on day of allocation (after adjustment) NUMBER OF SHARES THAT MAY BE AWARDED

€116.45

€125.00

€128.65

€136.08

54,427

54,652

3,000

53,410

Performance Conditions

yes

yes

yes

yes

Internal

Total Return progression Gecina share performance/ Euronext IEIF SIIC France index -

Total Return progression Gecina share performance/ Euronext IEIF SIIC France index -

Total Return progression Gecina share performance/ Euronext IEIF SIIC France index -

Total Return progression Gecina share performance/ Euronext IEIF SIIC France index -

External

04

dividends reinvested

dividends reinvested

dividends reinvested

dividends reinvested

Shares to be issued. (1)

STOCK OPTIONS PLANS

Options to subscribe (1)

Options to subscribe (1)

Stock options Stock options

Date of Shareholder Meeting

06/19/2007 06/19/2007 06/15/2009 06/15/2009 12/13/2007 12/18/2008 03/22/2010 12/09/2010 12/13/2007 12/18/2008 04/16/2010 12/27/2010 12/13/2009 12/18/2010 04/16/2012 12/27/2012 12/14/2017 12/19/2018 04/17/2020 12/28/2020

Date of Board Meeting Effective allocation date

Start date for exercise of options

Expiry date

Number of rights

231,519 231,882 63,184 €101.45 168,698

332,320 333,027

253,537 254,773

212,888 214,703

Number of rights (after adjustment) (2)

Withdrawal of rights

0

1,779

786

€36.06 303,516

€76.52 236,685

€81.88 164,167

Subscription or purchase price (after adjustment) (2) Number of shares bought or subscribed (after adjustment) (2)

NUMBER OF OPTIONS TO BE EXERCISED

0

29,511

16,309

49,750

Performance Conditions

no

no

yes

yes

Internal External

no

no

Gecina share performance/ Euronext IEIF SIIC France index

Gecina share performance/ Euronext IEIF SIIC France index

Shares to be issued. (1) On August 11, 2017, the Company issued 9,062,091 new shares, as a result of the completion of the capital increase and in order to preserve the (2) rights of the option holders, the parameters of the options were adjusted on September 5, 2017.

Post balance sheet events

4.3.6.7 None.

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GECINA - REFERENCE DOCUMENT 2017