Compagnie des Alpes // 2021 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE Compensation of corporate officers

3.3.2.4 Components of compensation and benefits of any kind paid in the course of or awarded for financial year 2020/2021 to Loïc Bonhoure in respect of his office as Deputy Chief Executive Officer from 1 st June 2021 ( ex post vote)

The Board of Directors took into account the votes of the shareholders of 25 March 2021 on the compensation policy applicable to Loïc Bonhoure in his capacity as Deputy Chief Executive Officer, from 1 June 2021, since the elements 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 allocated during the past financial year to Loïc Bonhoure.

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.

Amounts due or awarded for financial year 2020/2021

Compensation elements

Comments

Fixed compensation

€83,333 €41,667

Gross fixed compensation 2020/2021. i.e. 50% of the basic annual salary.

Variable compensation (1)

Multi-year variable compensation

N/A

The Deputy Chief Executive Officer does not receive any multi-year variable compensation.

Exceptional compensation N/A Profit-sharing agreement Stock option or performance share grants Welcome or severance package - €22 N/A

The Deputy Chief Executive Officer does not receive any exceptional compensation. The Deputy Chief Executive Officer is covered by the Company’s profit-sharing agreement. The Deputy Chief Executive Officer is not a beneficiary of performance share plans. In certain cases, the Deputy CEO will receive a severance package upon leaving the CDA Group. This will be equal to 1 year’s compensation (last fixed + variable compensation), subject to the achievement of individual and Group performance criteria that have been verified by the Board. The Deputy Chief Executive Officer is eligible for the supplementary defined contribution retirement scheme applicable to the Group’s executive corporate officers and senior executives. The Deputy CEO is covered by the collective health and pension plan in operation at CDA, in the same way and under the same conditions as other employees. The Deputy Chief Executive Officer is not subject to a non-compete clause.

Non-competition indemnity N/A

Complementary retirement plan Complementary health and pension plan Benefits of all kinds Private unemployment

€2,742

-

€1,438

The Deputy Chief Executive Officer has a company car.

- The Deputy Chief Executive Officer did not benefit from private unemployment insurance. (1) Based on the work and proposals of the Appointments and Compensation Committee, the Board of Directors at its meeting of 19 January 2022 reviewed the level of achievement of the targets. After consulting the Appointments and Compensation Committee, it noted that, in respect of the targets, the performance criteria for the variable compensation of Loïc Bonhoure had been met in full. In effect, both the quantitative and qualitative criteria described in the 2020 Universal registration document were fulfilled in an unprecedented health crisis. As a result, it decided that Loïc Bonhoure would receive, during the 2021/2022 financial year, in respect of the 2020/2021 financial year, 100% of his annual variable compensation, i.e. a gross amount of €41,667, which is less than 50% of his annual fixed compensation. Summary of the individual compensation of the Deputy Chief Executive Officer for the financial year 2020/2021 (AFEP-MEDEF Code presentations/AMF position-recommendation no. 2009-16 and no. 2012-02) The details of the individual compensation of the Deputy Chief Executive Officer for the financial year 2020/2021 are presented below: Summary of compensation due and options and shares granted to the Deputy Chief Executive Officer (gross compensation and in euros) (Table 1 of the AFEP-MEDEF Code) This first table summarises the total amount of compensation payable to the Deputy Chief Executive Officer for the financial year ended 30 September 2021 and the previous financial year.

2020/2021

Loïc Bonhoure, Deputy Chief Executive Officer Compensation due for the fiscal year (see Table 2) Valuation of options granted for the fiscal year (see Table 4)

2019/2020

N/A

126,459

- -

- -

Valuation of performance shares granted for the fiscal year (see Table 6)

TOTAL

N/A

126,459

83

Compagnie des Alpes I 2021 Universal registration document