Compagnies des Alpes // 2019 Universal Registration Document

6 SHARE CAPITAL AND SHAREHOLDING Disclosure policy

6.4 Disclosure policy

These personalised interactions are made so as to fully comply with the rules promoting equal access to information. The Compagnie des Alpes share is also routinely monitored by fi ve leading French analyst fi rms. To step up its communication actions, the Company set up a new space for its shareholders: https://espace-actionnaires.compagniedesalpes. com/. This move is part and parcel of the Company’s e ff orts to ensure, to the utmost extent, free- fl owing and transparent communication of information to its shareholders.

Compagnie des Alpes endeavours to disseminate fi nancial information that is comprehensive, true, fair and transparent. Disclosure of fi nancial information is governed by laws and regulations that require all listed companies to provide a complete, accurate, true and fair view of their fi nancial position. Compagnie des Alpes makes a variety of periodical and permanent publications available to the public, participates in individual and institutional Shareholder Meetings, and responds promptly to all shareholder and investor requests.

6.4.1 DOCUMENTS MADE AVAILABLE TO THE PUBLIC Compagnie des Alpes makes the disclosures and documents required by the regulations, and in particular regulated information, available to the public in French and/or English: l Universal Registration Document/annual fi nancial report; l half-year fi nancial report; l quarterly revenue;

The Company also makes the by-laws, the Corporate Governance Charter and other documents available to the public, such as: l an illustrated brochure on the Group and its activities; l a newsletter sent to all members of the Shareholders’ Club and to those who request it; l the Shareholders’ Club guide. These documents and information are available upon request from Group headquarters or may be read and downloaded in their complete versions from the Group website, www.compagniedesalpes.com.

l press releases, which are published by the approved publishing service provider EchosWire, in accordance with the European Union Transparency Directive; l notes of any corporate- fi nance transactions fi led with the AMF.

6.4.2 PRESS RELEASES

The following information has been published since 1 October 2018: 18 October 2018 FY 2017/2018 revenue: +6.0%. Good momentum from all activities and integration of Travelfactory. l Ski areas: 3 rd consecutive year of increase in skier days. l Leisure parks: 5 th consecutive year of growth in activity (+39% since 2013). l Holdings and Supports: year marked by the acquisition of Travelfactory. 10 December 2018 FY 2017/2018 annual results: very good operational and financial performance. Revenue up 3.1% on a comparable basis. Operating margin targets achieved. Strong growth in net income (Group share): +82.6% to €57.2 million. Proposed dividend of €0.65 per share, up 30%. 17 January 2019 1 st quarter of FY 2018/2019: a good 1 st quarter driven by the good performance of Ski areas. l Ski areas: the season is o ff to a dynamic start. l Leisure parks: a quarter of consolidation. l Holdings and Supports: new contracts in China and in Japan.

20 March 2019 Compagnie des Alpes acquires Familypark, the leading leisure park in Austria. 28 March 2019 Compagnie des Alpes diversi fi es and optimises its sources of fi nancing by: l issuing a new USPP of €65 million; l setting up a NEU CP programme capped at €240 million. 18 April 2019 Revenue for the 1 st half of FY 2018/2019: growth in business thanks to a good winter season for the Ski areas. l Ski areas: another rise in sales. l Leisure parks: acquisition of the fi rst Austrian leisure park. l Holdings and Supports: successful integration of Travelfactory. 21 May 2019 1 st half of 2018/2019. Solid business and encouraging results for the rest of the fi scal year. 18 July 2019 Revenue for the fi rst nine months of FY 2018/2019 up 4.3%. Con fi rmation of a good season for Ski areas and dynamic 3 rd quarter sales for Leisure parks.

194

Compagnie des Alpes I 2019 Universal registration document