Klepierre : First-half 2021 earnings presentation

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F I R S T - H A L F 2 0 2 1 E A R N I N G S - J U L Y 2 7 , 2 0 2 1

DISCLAIMER

This document was prepared by Klépierre solely for the purpose of presenting its Klépierre's half-year 2021 earnings published on

July 27, 2021. This document is not to be reproduced or distributed, in whole or in part, by any person other than the Company. The Company takes no responsibility for the use of these materials by any third party.

The information contained in this document has not been subject to independent verification and no representation, warranty or undertaking, express or implied, is made as to, and no reliance may be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein.

Neither the Company nor its officers or employees shall be held liable for any loss arising from any use of this document or its contents or otherwise arising in connection with this document.

This presentation contains certain statements of future expectations or forward-looking statements. Although Klépierre believes its expectations are based on reasonable assumptions, these forward-

looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. For a detailed description of these risks and uncertainties, please refer to the "Risk Management" section of Klépierre's Universal Registration Document. Subject to regulatory requirements, Klépierre does not undertake to publicly update or revise any of these forward-looking statements.

In the event of any discrepancies between the information contained in this document and public documents, the latter shall prevail. This document does not constitute an offer to sell or an invitation or solicitation of an offer to subscribe for or purchase any securities, and this shall not form the basis for or be used for any such offer or invitation or any other contract or engagement in any jurisdiction.

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TABLE OF CONTENTS

01	02	03
RAPID BUSINESS	FIRST-HALF 2021	CONCLUSION
RESUMPTION	EARNINGS	& OUTLOOK

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IN FIRST-HALF 2021, WE:

Generated €248m

in net current cash flow,

with 2.5 months of full closure

Paid €285m of cash distribution and

maintained healthy debt metrics

Signed close to 800 leases

(in line with pre-Covid levels)

Enjoyed a strong sales rebound

on reopening (June retailer sales at 96% of the June 2019 level and up 15% vs. last year)

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OUR GLOBAL LEADERSHIP IN SUSTAINABILITY

HAS BEEN CONFIRMED

2021 GRESB/BREEAM AWARD WINNER "LARGE PORTFOLIO" CATEGORY

AAA RATING

HIGHEST RATING ACHIEVED IN 2021

CAC 40 ESG INDEX

INCLUDED SINCE ITS LAUNCH IN

MARCH 2021

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