Klépierre’s Supervisory Board met on April 3, 2026, and paid tribute to Mr. David Simon, Chairman of the Company’s Supervisory Board for 14 years, who passed away on March 22.

The Supervisory Board unanimously decided, on the recommendations of the Nomination and Compensation Committee, with immediate effect, to:

• appoint Mr. Stanley Shashoua as Chairman of the Supervisory Board for the duration of his term as a member of the Supervisory Board;
• co-opt Mr. Emmanuel Cronier as a non-independent member of the Supervisory Board, for a period of one year until the end of the Ordinary General Meeting called to approve the financial statements for the 2026 financial year in 2027.( )

Following this decision, Klépierre’s Supervisory Board is composed of 9 members, including 6 independents and 3 representatives of Simon Property Group, including the Chairman. This breakdown is identical to that of February 17, 2026, the date of the previous meeting of the Supervisory Board.

Stanley Shashoua has been a member of the Klépierre Supervisory Board since April 14, 2015. Since 2025, he has been President - International Real Estate of Simon Property Group. After starting his career in finance and real estate, he joined Simon Property Group in 2013 as Head of International Development, before becoming its Chief Investment Officer.

Emmanuel Cronier is Senior Managing Director Europe for Simon Property Group. He joined Simon Property Group in 2008, initially serving as Vice President of the International Division, and later as Managing Director Europe. He has more than 30 years of experience in the real estate and industrial sectors. During his career, he has held various management positions, including at Unibail-Rodamco and General Electric. He started his career in 1994 at KPMG in audit and consulting roles

Stanley Shashoua commented, “I am deeply honored to assume the Chairmanship of Klépierre, succeeding David Simon, an exemplary and visionary leader whose legacy will continue to inspire us all. I am highly committed to pursuing the strategy David so thoughtfully established and to relentlessly driving continued operating excellence across the organization. At the same time, we will remain firmly focused on maintaining Klépierre’s industry-leading balance sheet. I have full confidence in the management team to continue delivering sustained growth and create long-term value for our shareholders.”*

Read the press releasee