GECINA - REFERENCE DOCUMENT 2017

07

FROM CORPORATE RESPONSIBILITY TO SUSTAINABLE PERFORMANCE Additional information

Profit sharing and involvement of

7.7.3.3

not applied given the amount of the profit-sharing system); matching, which was €856,982 in 2017 for the PEG ■ (Group Savings Plan) and PERCO (Collective Retirement Savings Plan); the Works Council budget, which helps employees ■ increase their purchasing power and accounts for 1.6% of employee expenses, i.e. on average €1,087 per employee.

employees in Gecina’s performance Gecina has implemented an incentivizing variable individual and group compensation policy based on the following: variable group compensation (profit-sharing) which ■ amounts to €6.1 million in 2017 (in accordance with the collective agreements in force, the incentive scheme is

GROSS MEDIAN MONTHLY SALARY IN THE GROUP (INDEFINITE-TERM EMPLOYMENT CONTRACTS)

Change 2017-2016

Median monthly salary (in euros )

2015

2016

2017 5,395 3,399 2,606

Managers

5,024 3,312 2,441

5,118 3,337 2,503

5.4% 1.9% 4.1%

Non-managers

Building caretaker staff

Management’s gross median monthly salary increased in 2017 in particular due to the compensation to offset the loss of five in lieu days.

AVERAGE INDIVIDUAL AND GENERAL RAISES BY GENDER AND CATEGORY

% increase CWR + IR 2016

% increase CWR + IR 2017

Total M + W

M

W Total M + W

M

W

Managers Individual raise

2.74% 2.97% 2.43% 1.73% 1.46% 2.08%

Company-wide raise Individual raise TOTAL RAISES, NON MANAGERS

0.97% 0.95% 0.98% 0.84% 0.78% 0.86% 1.22% 1.46% 1.15% 0.84% 0.84% 0.83%

Non-managers

2.19% 2.41% 2.12% 1.68% 1.63% 1.70%

In 2016, Gecina paid to administrative staff an average increase of 2.74% for managers and 2.19% of which 1% of general increase, for non-managers.

VARIABLE COMPENSATION

Administrative staff

Building caretaker staff

Group

In euros

Amount paid out*

4,247,669 30,630,429

218,000

4,465,669 33,131,314

Gross employee expenses

2,500,885

Percentage of employee expenses

13.9%

8.7%

13.5%

Including loyalty bonus, anniversary bonus and tutoring bonus. *

Performance shares The performance share plan was allocated under the provisions of the regulation approved by the Board of Directors on July 17, 2017. 53,810 performance shares were allocated to 93 beneficiary employees The beneficiaries’ performance shares will vest following the vesting period subject to two performance conditions described in the plan. Detailed information on these performance shares can be found in Section 5.2.3 “Standardized presentation of the compensation of executive corporate officers.”

All employees with indefinite-term contracts are entitled to a variable bonus, provided they have been with the company for at least six months during the reference year. The amount of these premiums is defined based on the results achieved by each manager employee in relation to the objectives set, or in relation to exceptional projects carried out by non-management staff (including building staff). Employee shareholding 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 share capital.

270 GECINA - REFERENCE DOCUMENT 2017

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