Compagnie des Alpes // 2020 Universal Registration Document

6 SHARE CAPITAL AND SHAREHOLDING Stock market information

6.2.8 METHODS OF SHAREHOLDER PARTICIPATION IN THE SHAREHOLDERS’ MEETING Shareholders’ Meetings of Compagnie des Alpes are convened and deliberate under the conditions provided for by law and the by-laws. The provisions of the Company’s by-laws relating to Shareholders’ Meetings and the procedures for exercising voting rights are set out in Title IV of the Company’s by-laws, which are posted on the Compagnie des Alpes website under the Governance section.

6.2.9 POTENTIALLY KEY FACTORS IN THE EVENT OF A TAKEOVER BID Potentially key factors in the event of a takeover bid for the Company’s shares as referred to in Article L. 22-10-11 of the French Commercial Code are set out in this document as indicated below: l Company’s shareholder structure: Chapter 6, section 6.2.1;

and serious cause, or if their employment is terminated following a takeover bid: Chapter 3, section 3.3.1.1; l with regard to the agreements entered into by the Company that may be amended or terminated in the event of a change of control of the Company, unless such disclosure, other than in the case of a legal obligation to disclose, would seriously harm its interests, three contracts or types of contracts including a so-called ownership clause have been identified: l the credit agreements renegotiated in 2017 include an ownership clause detailed (Chapter 5, Note 6.12. to the Consolidated Financial Statements), as well as certain bilateral credit lines, l the licensing agreement for use of the corporate names “Caisse des Dépôts et Consignations” and “Groupe Caisse des Dépôts”, which CDC has the right to terminate in the event that Compagnie des Alpes ceases to be a part of Groupe CDC, l certain concession agreements providing various types of clauses for change in proxy control (mainly related to the shareholding of Groupe Caisse des Dépôts), which require the prior approval of the authority granting the concession.

l restrictions under the Company’s by-laws on the use of voting rights and on share transfers or contractual clauses of which the Company is made aware in accordance with Article L. 233-11: Chapter 3, section 3.1.3.2 and Chapter 6, section 6.2.3; l direct or indirect shareholdings in Company capital of which the Company is aware pursuant to Articles L. 233-7 and L. 233-12: Chapter 6, section 6.2.1; l rules applicable to the appointment and replacement of members of the Board of Directors and the amendment of the Company’s by-laws: Chapter 3 section 3.1.1.2; l powers of the Board of Directors, in particular for the issue and buyback of stock: Chapter 6, sections 6.1.2 and 6.1.3; l agreements providing for severance pay for members of the Board of Directors and employees if they resign or are dismissed without valid

6.3 Stock market information

6.3.1 CONTEXT The Compagnie des Alpes IPO took place on 18 November 1994 with the share priced at €11.90 (adjusted for the 2: 1 stock split in 2007 and various trading transactions). Compagnie des Alpes’ stock is listed in Segment B (Mid-caps) of Euronext. It is listed on the CAC All-Tradable (formerly SBF 250), CAC Mid & Small (formerly CAC Mid & Small 190), and CAC Small (formerly CAC Small 90). The former CAC Mid 100, an index which included CDA, was replaced by the CAC Mid 60 which no longer included CDA.

Since 26 May 2010, CDA stock benefits from the “long-only” Deferred Settlement Service ( Service de Règlement Différé – SRD), meaning shares are SRD-eligible upon purchase only. This change in the SRD will increase the list of SRD-eligible stocks within specific technical parameters. This new arrangement allows investors to leverage their CDA shares.

6.3.2 THE SECURITIES MARKET DURING FY 2019/2020 Like all markets, the share price of Compagnie des Alpes was strongly impacted by the consequences of Covid-19 and in particular by the confinement of people. As a result, it fell from €25.6 on 30 September 2019 to €16.9 on 30 September 2020. During this period, it reached a high of €30.7 on 22 January 2020 and its lowest, just two months later, of €13.2 on 19 March 2020.

was 10,877 in 2017/2018, 13,150 in 2016/2017, 13,260 in 2015/2016, 16,160 in 2014/2015, 14,000 in 2013/2014 and 8,000 shares in 2012/2013. At the end of the fiscal year, on 30 September 2020, the Group’s stock market capitalisation amounted to €414 million, compared to €626 million the previous year.

The average volume per trading day, during FY 2019/2020, jumped by more than 64% and reached 15,470 shares per session (compared to 9,423 during the previous fiscal year). It should be recalled that it

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Compagnie des Alpes I 2020 Universal registration document