Jean-Marc Jestin to Join Klépierre’s Executive Board

  Jean-Marc Jestin to Join Klépierre’s Executive Board

Business Wire

PARIS -- September 12, 2012

Regulatory News:

Klépierre (Paris:LI) announces the appointment of Jean-Marc Jestin as a new
member of the Executive Board of the Group. Jean-Marc Jestin will act as Chief
Operating Officer for Klépierre. His appointment will be effective as of
October 29^th, 2012.

Laurent Morel, Chairman of the Klépierre Executive Board, noted: “Jean-Marc
Jestin’s arrival will reinforce Klépierre management team on operations. We
believe that his real estate expertise and experience in developing and
managing shopping centers in Europe will significantly contribute to the
success of Klépierre strategic plan, aimed at consolidating our European
leadership in retail real estate.”

Jean-Marc Jestin, 44, gratuated from HEC and started his career in 1991 at
Arthur Andersen in an Audit function where he contributed to the development
of the Real Estate Practice. In 1999, he became CFO and then COO of the
pan-European platform Simon Ivanhoe, a joint venture between Simon Property
Group and Ivanhoé Cambridge, a real estate subsidiary of CDPQ. In 2007, he
changed to Unibail Rodamco International team, acting as Deputy Chief
Investment Officer in charge of acquisitions, sales and M&A transactions.
Prior to joining Klépierre, he had been appointed since 2011, Chief Executive
for the Office Properties of Unibail Rodamco.

AGENDA   10/22/2012   2012 3^rd quarter revenues (press release after
                          market close)

About Klépierre

A player of the first rank in retail real estate in Europe, Klépierre combines
development, rental, property and asset management skills. Its portfolio is
valued at 16.4 billion euros on June 30, 2012 and comprises 265shopping
centers in 13countries of Continental Europe (92.9%), retail properties via
its listed subsidiary Klémurs (3.8%) and offices buildings in Paris (3.2%).
Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s
number one shopping center owner and manager.

Klépierre’s largest shareholder is the Simon Property Group (28.9%), world
leader in the shopping center industry, along with BNP Paribas (22.5%), the
number one bank in the Euro zone.

Klépierre is a French REIT (SIIC) listed on Euronext Paris^TM and is included
into the SBF 80, EPRA Euro Zone and GPR 250 indexes. Klépierre is also
included in several ethical indexes - DJSI World and Europe, FTSE4Good, ASPI
Euro Zone – and is a member of both Ethibel Excellence and Ethibel Pioneer
investment registers. Klépierre was also ranked seventh among listed real
estate companies in Europe by GRESB (Global Real Estate Sustainability
Benchmark) in 2011, in the Green Stars compartment. This distinction marks the
Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website:


Vanessa FRICANO, + 33 1 40 67 52 24
Julien ROUCH, + 33 1 40 67 53 08
Isabelle LAURENT (Media), +33 1 53 32 61 51
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