Compagnie des Alpes // 2021 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE Functioning of executive and management bodies

Maillot was appointed non-voting member at the end of the Combined Ordinary and Extraordinary Shareholders’ Meeting of 14 March 2013. His term of office was renewed by the Board of Directors at its meeting of 25 March 2021. He announced his forthcoming resignation at the opening of the meeting of the Board of Directors which will follow the Shareholders’ Meeting called on 10 March 2022 to approve the financial statements for the financial year ended on 30 September 2021. The Board of Directors, at its meeting of 19 January 2022, decided that it would appoint Stephanie Fougou as non-voting member, to replace Jacques Maillot and that she would be invited to the Appointments and Compensation Committee in view of the her skills and career path. The non-voting member is available to the Board, its committees and its Chairman to provide advice, analysis and recommendations of any kind on any issues, specifically those of a technical, commercial, administrative or financial nature. The non-voting member is not a corporate officer and only has an advisory and non-decision-making role at the meetings of the Board of Directors and its specialist committees, to which he or she is invited to attend, in accordance with applicable regulation and, if required, the Corporate Governance Charter. He may not interfere in the Company’s management. Neither the Directors nor the Chief Executive Officer are bound by his opinion and remain free to assess how these should be acted on. Finally, the Board of Directors includes a Director representing the employees, appointed in accordance with Article 9 of the by-laws and Article III.3 of the Corporate Governance Charter. They have voting rights. Sophie Sasinka was elected by the employees on 6 August 2018 and the Board of Directors duly noted her appointment on 26 October 2018. Benoît Spriet was elected by the employees on 16 November 2021 and his appointment was recorded by the Board of Directors at its meeting of 6 December 2021. Activities of the Board of Directors during the 2020/2021 financial year During the 2020/2021 financial year, the Board of Directors mainly dealt with the following matters: l budget and 2021-2025 MTP; l reports on the work of the various committees; l presentation of the CSR roadmap; l preparation of the annual financial statements for the financial year ended 30 September 2020; l annual review of regulated agreements and current agreements entered into under normal conditions; l governance (changes in the procedures for exercising general management and new directorships submitted to the vote of the Shareholders’ Meeting of 25 March 2021, triennial review of the functioning of the Board and its committees, annual review of the independence criteria of the Board of Directors); l amendment of the Corporate Governance Charter; l compensation of executives and non-executive corporate officers; l implementation of the share buyback programme; l grants of performance shares; l report on gender equality; l authorisation of Chairman and Chief Executive Officer in relation to sureties, endorsements and guarantees; l preparation of the Combined Ordinary and Extraordinary Shareholders’ Meetings of 25 March and 16 September 2021;

l status updates in relation to Covid-19; l review of the half-year consolidated financial statements at 31 March 2021 and half-year financial report; l transactions on the share capital including the capital increase with preferential subscription rights for shareholders of €231 million and the approval of the terms of the contribution agreement between the Company and Caisse des Dépôts et Consignations relating to the contribution of the shares of Société du Parc du Futuroscope

by Caisse des Dépôts to the Company; l proposal for statutory amendments; l establishment of State-guaranteed loan; l financing.

In accordance with the provisions of Article L. 22-10-12 paragraph 2 of the French Commercial Code as amended by Law No. 2019-486 of 22 May 2019 (the Pacte Law), the Board of Directors, on the recommendation of the Audit and Finance Committee, set up, at its meeting of 25 January 2021, a procedure to regularly assess whether the agreements relating to current transactions and concluded under normal conditions (excluding agreements with wholly-owned subsidiaries) meet these conditions, it being specified that the persons directly or indirectly concerned by these agreements, do not take part in this evaluation. The purpose of this procedure, intended for members of the Board of Directors, is to highlight the criteria for identifying so-called “free” agreements (Article L. 22-10-12 of the French Commercial Code), distinguishing them from “regulated” agreements (Article L. 225- 38 of the French Commercial Code) and “prohibited” agreements (Article L. 225-43 of the French Commercial Code), and to describe the method used to assess the ordinary nature of these agreements. Periodically (at least once a year), the Board of Directors carries out this assessment by examining a report issued by the Company’s internal departments enabling it to assess whether the conditions are met. The Company’s Legal Department, with the help of the Finance Department, prepares a pre-analysis report on these agreements, which it sends to the Audit and Finance Committee for an initial review prior to that of the Board of Directors. At its meeting of 19 January 2022, the Board of Directors confirmed that the conditions were met for ongoing agreements relating to routine operations concluded under normal conditions. It thus decided not to reclassify these standard agreements as regulated agreements. Attendance rate of Directors at Board and Committee meetings during the 2020/2021 fiscal year The Board of Directors of Compagnie des Alpes met twelve times during the financial year 2020/2021. The Strategy Committee met three times, while the Audit and Finance Committee met four times, and the Appointments and Compensation Committee met four times. The non-voting member and representatives of the Works Council and Statutory Auditors also attended Board meetings. The members’ average attendance rate at Board and Committee meetings was 87%.

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Compagnie des Alpes I 2021 Universal registration document