Compagnie des Alpes // 2020 Universal Registration Document

6 SHARE CAPITAL AND SHAREHOLDING Share capital

6.1.3 AUTHORISATIONS TO INCREASE THE SHARE CAPITAL All of the current authorisations regarding share capital increases are those given by the Extraordinary Shareholders’ Meeting of 5 March 2020 for a duration of 26 months. All the current authorisations are therefore valid until 5 May 2022.

The powers conferred upon the Board of Directors for increasing share capital, and the use of those powers where applicable, are set out in the summary table below:

Date of the ESM Deadline Maximum amount authorised Utilisations

Authorisation balance at 30/09/2020

Purpose of the powers

Authorisation to award performance shares to employees and Group corporate officers

05/03/2020 (14 th resolution)

26 months (until 05/05/2022)

1% of the number of shares in the capital on the day of the award decision, in addition to a maximum of 7% of the number of shares in the capital for all outstanding free shares and stock options Shares: €93 million Debt securities: €100 million Shares: €45 million (with priority period) or €35 million (with no priority period); Debt securities: €100 million

25/06/2020

1% of the number of shares in the capital on the day of the Board decision/Balance of maximum amount: 6.50% (number of outstanding free shares representing 0.50% of the share capital) Shares: €93 million Debt securities: €100 million Shares: €45 million (with priority period) or €35 million (without priority period); Debt securities: €100 million

Powers to increase the share capital with preferential subscription rights (issues reserved for shareholders) Powers to increase capital with elimination of preferential subscription rights, by public offering (Art L. 22-10-52 of French Commercial Code) Powers to increase the share capital without preferential subscription rights to pay contributions in kind with shares Powers to increase the share capital through the incorporation of premiums, reserves, profits or other Powers to increase the share capital through employee issue under the Group Employee savings plan

05/03/2020 (15 th resolution)

26 months (until 05/05/2022) 26 months (until 05/05/2022) 26 months (until 05/05/2022) 26 months (until 05/05/2022) 26 months (until 05/05/2022)

None

05/03/2020 (16 th resolution)

None

05/03/2020 (17 th resolution)

10% of the share capital (currently €18.7 million)

None

10% of the share capital (currently €18.7 million)

05/03/2020 (18t th resolution)

Shares: €30 million

None

Shares: €30 million

05/03/2020 (19 th resolution)

709,254 shares (2.9% of share capital, i.e. €5.4 million)

None

709,254 shares (2.9% of share capital, i.e. €5.4 million)

Total cash limit of all authorisations and powers combined

05/03/2020 (20 th resolution)

Shares: €93 million; Debt securities: €200 million

Shares: €93 million; Debt securities: €200 million

The only authorisation used by the Board during the fiscal year is the one granted for awarding free Company shares (14 th resolution), with 74,790 performance shares thus awarded under Plan no. 23 implemented on 25 June 2020.

6.1.4 POTENTIAL SHARE CAPITAL

At 30 September 2020, the potential share capital represented 0.50% of the share capital, in the form of 134,940 outstanding entitlements to free shares.

206

Compagnie des Alpes I 2020 Universal registration document