Compagnie des Alpes - 2017 Registration Document

3 CORPORATE GOVERNANCE

Composition of administrative and management bodies

DELPHINE PONS DIRECTOR OF GROUP DEVELOPMENT

Delphine Pons graduated from ESSEC and began her career at the Strategy Department of Deloitte Consulting/ Braxton Associés as a consultant, before taking up a managerial role. She joined CDA in May 2005 as Head of Leisure parks strategic planning. From September 2005, she served as Head of Leisure parks strategic marketing and subsequently as Head of Group Sales & Marketing from September 2009. In this role she was responsible for driving the commercial and marketing policy for Group Ski areas and Leisure parks. Delphine has been in charge of International development and new business lines since Octob er 2013. Delphine was in charge of International development and new business lines between 2013 and 1 September 2016, when she was appointed Director of Group Development. Appointed on 1 st October 2013 – Joined the Group in May 2005

DAVID PONSON DIRECTOR, SKI AREAS OPERATIONS

David Ponson is a graduate of École nationale supérieure d’arts et métiers in Paris. He joined Compagnie des Alpes in 1996 as Technical Manager for Operation and Quality at STAG (Société des Téléphériques de l’Aiguille Grive – Peisey-Vallandry). In 1998 he took over as Head of the Ski Lift and Slope Operation Department. He joined SEVABEL (Les Menuires) in March 2002, taking up the role of Chief Executive Officer and coordinator of 3 Vallées (Méribel – Les Menuires). Between 1 January 2012, when he joined the Executive Committee, and 31 May 2016, he was Head of Ski area operations for the Tignes/Val-d’Isère connected ski area, as well as 3 Vallées. On 1 June 2016, he was appointed Director of Operations for Ski Areas. David is also President of the Savoie section of Domaines Skiables de France. Appointed on 1 st January 2012 – Joined the Group in 1996

3.1.3

ADDITIONAL INFORMATION RELATING TO DIRECTORS AND EXECUTIVE CORPORATE OFFICERS

3.1.3.1 Statement of non-conviction To the knowledge of Compagnie des Alpes, during the last five years none of the corporate officers has been convicted of fraud, has been involved in bankruptcy, sequestration or liquidation, has been subject to incrimination or official public sanction delivered by statutory or regulatory authorities (including designated professional bodies) or has been barred by a court from acting in the capacity of member of any company’s management or Supervisory Board, or from acting in any company’s management. 3.1.3.2 Conflicts of interest In accordance with the Charter, Directors and non-voting members undertake to avoid any potential conflict between their moral and material interests and those of the Company. They will inform the Board of any conflict of interest in which they may be involved. Should they be unable to avoid a conflict of interest, they will refrain from taking part in discussions and from any decision-making in relation to the matters concerned. To the Company’s knowledge, there are at present no potential conflicts of interest between the duties owed to the Company by the members that make up the management or administrative bodies, and their personal and/or other interests or treaty or agreement with shareholders, customers, suppliers, or others whose terms require the

appointment of a member of the Executive Management or Board of Directors. To the Company’s knowledge, there are no restrictions accepted by the Company’s corporate officers concerning the sale of their shareholdings in the Company. 3.1.3.3 Service contracts To the Company’s knowledge, no service contract has been agreed between the Company and any member of the Executive Management or Board of Directors, with the exception of the licensing agreement for the use of the corporate names “Caisse des Dépôts et Consignations” and “Groupe Caisse des Dépôts,” referred to in Chapter 5, in Note 8.1.2 of the notes to the consolidated financial statements. 3.1.3.4 Share transactions involving Compagnie des Alpes executives During the 2016/2017 fiscal year, no share transactions involving executives were recorded or formed the subject of the declaration referred to in Article L. 621-18-2 of the French Monetary and Financial Code. 3.1.3.5 Family ties There are no family ties among the Board members and Executive Management.

43

Compagnie des Alpes I 2017 Registration Document