Compagnie des Alpes // 2020 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE Compensation of corporate officers

This second plan allows beneficiaries who end their professional career within the Group to benefit, when they take their pension, from a retirement pension equal to 1% of their basic annual salary (last basic annual salary comprising fixed and variable parts) per year of seniority, up to a maximum of 10% of this compensation, less the pension received under the defined contribution plan. Upon retirement the beneficiary may opt to receive a life annuity with a 60% survivor pension. The pension plan contributions paid by the Company are not subject to employer social security contributions, nor to the CSG (general social contribution) or CRDS (social debt reimbursement contribution) levies. The Company must pay an employer social security contribution amounting to 32% of the pensions liquidated since 1 January 2013. It should be noted that CDA closed its defined-benefit pension plan on 4 July 2019, following the recent legislative changes in this regard, stemming from the Order of 3 July 2019 implementing the so-called “Pacte” law of 22 May 2019. The conditional benefits granted under this plan are frozen as of 1 January 2020 and will remain subject to the conditions provided under the plan’s current rules. Estimated amount of the pension of Dominique Marcel, Chairman and Chief Executive Officer The continuation of this commitment regarding Dominique Marcel was approved by the Combined Ordinary and Extraordinary Shareholders’ Meeting of 9 March 2017, when his mandate as Chairman and Chief Executive Officer of the Company was renewed. At its meeting of 9 March 2017, the Appointments and Compensation Committee noted that Dominique Marcel had already reached the maximum level of conditional benefits under the defined-benefit pension plan (Article 137-11 of the French Social Security Code). According to the terms of the pension regulations, the annual pension increases by 1% per year of seniority and is capped at 10% of the reference compensation. However, Dominique Marcel has more than ten years of seniority. Consequently, no increase in the conditional rights under the said pension plan will be granted to Dominique Marcel during the term of his office. In this context, the Board of Directors has decided to recognise the “freezing” of pension rights under the above-mentioned plan as of 9 March 2017, by using the compensation granted for the 2015/2016 fiscal year as a reference. Consequently, the Board of Directors did not deem it useful to define performance conditions. The closure and freezing of this plan have no impact on Dominique Marcel’s rights, as decided by the Board. (IX) Complementary health and pension plan The Chairman and Chief Executive Officer is covered by the collective health and pension plan in force within the Company, in the same way and under the same conditions as other employees.

The amount of the severance payment will be calculated after the Shareholders’ Meeting called to vote on the compensation of Dominique Marcel for FY 2019/2020 and will be the subject of a communication on this occasion. (VII) Private unemployment insurance for the Chairman and Chief Executive Officer On 9 March 2017, in accordance with the provisions of Article L. 225- 38 of the French Commercial Code, the Board of Directors approved the subscription by the Company of private unemployment insurance for the Chairman and Chief Executive Officer from the Association pour la Garantie Sociale des Chefs et Dirigeants d’Entreprise (GSC). It should be recalled that the Chairman and Chief Executive Officer does not have an employment contract with the Company. This insurance pays a daily indemnity to corporate officers in the event of an involuntary termination of professional activity due to dismissal or non-renewal of term of office. Accordingly, the corporate officer will receive, from the 31 st day of the involuntary loss of professional activity and for its duration, daily unemployment benefits for a maximum period of 24 months (after the end of the first year of affiliation). The total amount of compensation paid in the event of involuntary loss of professional activity may in no case exceed 70% of the annual net income of the previous fiscal year, excluding any dividends. (VIII) Regulated and collective complementary retirement scheme Complementary retirement schemes supplement the basic and supplementary state pensions. General principle The Chairman and Chief Executive Officer of the Company benefits from a mixed supplementary pension plan, comprising a defined contribution pension plan and a defined benefit pension plan, in accordance with the provisions of Article L. 911-1 of the French Social Security Code. The defined contribution pension plan (Article L. 242-1 of the French Social Security Code) benefits all of the staff of the headquarters entities, including the executive corporate officer, with no condition of presence or seniority. The defined contributions (individual accounts) are equal to 7% of the annual compensation for each beneficiary (capped at five times the annual social security ceiling, or €205,680 on an annual basis in 2020). Contributions to the savings plan are split between the employer (4%) and beneficiary (3%), notwithstanding the beneficiary’s status and age. The rights are acquired monthly and liquidated when the beneficiaries end their professional career. The defined-benefit pension plan (Article L. 137-11 of the French Social Security Code), which is fully funded by Compagnie des Alpes, is open to corporate officers, senior executives and category-CIII executives (67 beneficiaries).

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Compagnie des Alpes I 2020 Universal registration document