Compagnies des Alpes // 2019 Universal Registration Document

REFERENCE TABLE OF THE MANAGEMENT REPORT

REFERENCE TABLE OF THE MANAGEMENT REPORT

This Universal Registration Document contains the elements of the Management Report referred to in Articles L. 225-100 et seq. and L. 232-1 of the French Commercial Code, as well as the report on corporate governance pursuant to Articles L. 225-37 et seq. of the French Commercial Code. The following reference table refers to the extracts of the Universal Registration Document corresponding to the Management Report.

Management Report

Universal Registration Document Chapter(s) / Section(s) Page(s)

I

Company business

1.

Company position over the past fiscal year (F. Com. C, Art. L. 232-1)

5/5.2 1/1.2

123-125

2. 3. 4.

Strategy and outlook (F. Com. C, Art. L. 232-1)

25-28

Key events after the end of the fiscal year (F. Com. C, Art. L. 232-1) Report on subsidiaries' operations and results (F. Com. C, Art. L. 232-1)

5/5.2.10

125

1/1.1; 5/5.1

20-25; 118-123

5.

Existing branches (F. Com. C, Art. L. 232-1)

N/A

N/A

6. Objective and comprehensive analysis of changes in the Group's business, results and financial position (F. Com. C, Art. L. 225-100-1.1° and L. 233-6)

5

117-182

7.

Key financial performance indicators (F. Com. C, Art. L. 225-100-1.2°) Key non-financial performance indicators (F. Com. C, Art. L. 225-100-1.2°)

Introductory notes

2-17

8.

4

77-115

9. Equity investments or controlling positions in companies based in France (F. Com. C, Art. L. 233-6) 10. Name of the companies controlled and share of the share capital held by them (F. Com. C, L. 233-13) 11. Notice of ownership of more than 10% of the share capital of another joint-stock company / cross-shareholdings (F. Com. C, R. 233-19)

5/5.3.2 note 4.2 5/5.2.7; 5/5.3.2 note 3

141-142

125; 140 N/A

N/A

12.

Research and development activities (F. Com. C, Art. L. 232-1)

N/A

N/A

13. Coverage of each main category of transactions using hedge accounting as well as its exposure to price, credit, liquidity and cash risks (F. Com. C, Art. L. 225-100-1.6°)

2/2.1

32-33

II

Risk factors – Internal control and risk management procedures Principal risks and uncertainties (F. Com. C, Art. L. 225-100-1.3°)

1.

2/2.2; 2/2.3; 2/2.4; 2/2.5;

33-34; 35-36; 36-37; 37

2. Financial risks related to the effects of climate change and procedures implemented to limit them (F. Com. C, Art. L. 225-100-1.4°) 3. Internal control and risk management procedures (F. Com. C, Art. L. 225-100-1.5°) III Report on corporate governance (F. Com. C, Art. L. 225-37 and following articles) 1. Principles and criteria for determining, breaking down and allocating the fixed, variable and exceptional items comprising the total remuneration and benefits in kind due to the executive corporate officers 3. Items of remuneration, indemnities or benefits due or likely to be due as a result of the start, end or change of duties of the executive corporate officers, or subsequently to the exercise thereof 4. Ratio between the remuneration of executive corporate officers and the average and median salary of employees 5. All mandates and duties exercised in any company by each corporate officer during the fiscal year 6. Agreements between an executive officer or key shareholder and another company controlled by the Company within the meaning of Article L.233-3 of the French Commercial Code 2. Structure of the annual remuneration paid to executive corporate officers

2/2.2.3

34

2/2.1; 2/2.8 32-33; 38-41

3/3.3.1.1

63

3/3.3.1.2 3/3.3.1.2

63-67 63-67

3/3.3.1.3

67

3/3.1.1.3; 3/3.1.2.1

50-57; 57

5/5.3.2 note 8.1

161

7.

Powers in force regarding capital increases

6/6.1.3

188

8.

62

Procedures to exercise the Executive Management

3/3.2.2.1

9. Composition of the Board of Directors and preparation and organisation of its work

3/3.2.1

60-62

204

Compagnie des Alpes I 2019 Universal registration document