Klépierre - 2016 Notice of Meeting

Presentation of the othermembers of the Supervisory Board

STANLEY SHASHOUA - Member of the Investment Committee, Member of the Audit Committee, Member of the Sustainable Development Committee

CAREER Mr. Stanley Shashoua is Senior Vice President of International Development at Simon Property Group Inc. Prior to Simon Property Group, Mr. Shashoua managed LionArc Capital LLC, a private investment firm, which has invested in and advised on over $500 million of international, real estate and private equity transactions since 2007. Prior to this, he was a Partner with HRO Asset Management where he acquired and managed over $1 billion of properties comprising over threemillionsquarefeetonbehalfof institutionalclients. He also worked at Dresdner Kleinwort Wasserstein. Bachelor of Arts in international relations from Brown University and MBA in finance from The Wharton School

Age: 45yearsold Nationality: American Business address: 26, boulevard des Capucines,75009Paris Date of first appointment: April14,2015 Period of appointment: April14,2015-2017AGM Number of shares: 60

CURRENT APPOINTMENTS AS PER DECEMBER 31, 2015 Director . Simon Canada Management Limited (Canada) . Mitsubishi Estate Simon Co. Ltd (Japan) . Premier Outlets de Mexico, S. de RL de CV (Mexico) . CPGOM Partners de Mexico, S. de RL de CV(Mexico) . Outlet Services HoldCo Ltd (Jersey Islands) Manager . Shinsegae Simon Co Inc. (Korea) . Genting Simon Sdn Bhd (Malaysia)

. Outlet Site JV Sarl (Luxembourg) . HBS Global Properties LLC (USA) APPOINTMENTS EXPIRED DURING THE LAST FIVE YEARS -

Main position outside the Company: SeniorVicePresidentof InternationalDevelopment ofSimonPropertyGroup Inc. Main position within the Company: MemberoftheSupervisory Board

CATHERINE SIMONI - Member of the Sustainable Development Committee CAREER

Age: 51yearsold Nationality: French Business address: 26, boulevard des Capucines,75009Paris Date of first appointment: December20,2012 Period of appointment: April10,2014-2017AGM Number of shares: 60

CURRENTAPPOINTMENTSASPERDECEMBER31,2015 - APPOINTMENTS EXPIRED DURING THE LAST FIVE YEARS Managing Director France/The Carlyle Group

During 14 years, Catherine Simoni was Director France and Belgium of the European real estate fund of the Carlyle Group. She was previously a Director at SARI Development, the Development division of Nexity, where she was responsible for implementing business plans on several major French office developments, including leasing and sale of such developments. Prior to SARI Development, Catherine Simoni was aManager at Robert&Finestate,asubsidiaryofJ.E.RobertCompany, where she worked on transactions in real estate and real estate-backed loan portfolios in France, Spain, Belgium and Italy. Engineering degree from the university of Nice (France)

Main position within the Company: MemberoftheSupervisory Board–Independent member

KLÉPIERRE – NOTICE OF MEETING – GENERAL MEETING OF APRIL 19, 2016 12