Compagnie des Alpes // 2021 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE Compensation of corporate officers

that the Chairman of the Board of Directors does not receive any compensation for his office as Director; l for the non-voting member : the Board of Directors’ meeting of 14 March 2013 decided to grant the non-voting member compensation of €1,500 per Board meeting or Committee meeting attended, for the services he provides in his role as non-voting member. This compensation was maintained upon the renewal of term as a non-voting member by the Board of Directors on 25 March 2021. At its meeting of 19 January 2022, the Board of Directors, on the proposal of the Appointments and Compensation Committee at its meeting of 20 December 2021, decided to pay the Directors and the non-voting Director a total amount of €241,500 in respect of financial year 2020/2021. The compensation allotted for one fiscal year (in relation to the meetings held in this fiscal year) is paid during the next fiscal year. The table presented in section 3.3.2.3. summarises all compensation paid to Board members for financial year 2019/2020 and 2020/2021 by the Company, by controlled companies within the meaning of Article L. 233-16 of the French Commercial Code or by the controlling companies.

newly appointed during the past fiscal year will receive compensation calculated at the end of the year prorata temporis . The Board of Directors may award exceptional compensation, in cash or in kind, for specific assignments entrusted to some of its members or because of the member’s distinctive profile or role; any such compensation must be approved through the regulated agreements procedure. Except within the framework of a legally-agreed employment contract, no other compensation may be awarded to Directors. The Shareholders’ Meeting of 18 March 2010 set the maximum annual amount that can be awarded to Board members at a total of €250,000 per fiscal year. This amount has not been modified since then and is thus applicable to all Directors and the non-voting member in office during the fiscal year, and until otherwise decided. The compensation is allocated on the basis of the following principles: l for the Board of Directors and the committees : fixed compensation of €1,500 is allocated to each Director on the basis of their actual attendance at Board and Committee meetings and time spent on Board and Committee work. It should be noted that the Directors representing the employees do not receive any compensation linked to their corporate office due to holding an employment contract with the Company. It is recalled

3.3.2 COMPONENTS OF COMPENSATION PAID DURING THE YEAR OR AWARDED IN RESPECT OF FINANCIAL YEAR 2020/2021 TO EACH CORPORATE OFFICER

In accordance with Article L. 22-10-34 II of the French Commercial Code, the Annual Shareholders’ Meeting will be required to approve the information mentioned in Article L. 22-10-9 I of the French Commercial Code relating to the all executive and non-executive corporate officers listed in this section. The Annual Shareholders’

Meeting will also decide, in accordance with Article L. 22-10-34 III of the French Commercial Code, on the fixed, variable and exceptional components of the total compensation and benefits of any kind paid during or in respect of the past fiscal year to the executive corporate officer and described in this section.

3.3.2.1 Components of compensation paid during the financial year or in respect of financial year 2020/2021 to Dominique Marcel, Chairman and Chief Executive Officer until 31 May 2021 ( ex post vote)

The Board of Directors took into account the votes of the shareholders of 25 March 2021 on the compensation policy of the Chairman and Chief Executive Officer since the items of his compensation as examined by the Board of Directors on 19 January 2022 are in line with those approved at the last Annual Shareholders’ Meeting. Pursuant to Article L. 22-10-34 of the French Commercial Code, the next Annual Shareholders’ Meeting will be asked to approve the fixed, variable and exceptional components of the total compensation and benefits of any kind paid or awarded during the past financial year

to the Chairman and Chief Executive Officer, it being specified that the term of office of Dominique Marcel in this capacity was renewed by the Annual Shareholders’ Meeting on 25 March 2021 for a period expiring on 31 May 2021 and that his departure from the Company on 31 May 2021 triggered the severance pay as specified in the Universal registration document for 2020 and recalled below. The table below summarises the components of compensation paid or awarded to the Chairman and Chief Executive Officer in respect of the 2020/2021 financial year.

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Compagnie des Alpes I 2021 Universal registration document