Compagnies des Alpes // 2019 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE

Composition of administrative and management bodies

SOFIVAL, REPRESENTED BY JEAN-FRANÇOIS BLAS MAIN POSITION: CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF SOFIVAL BUSINESS ADDRESS: 29 BIS RUE D’ASTORG – 75008 PARIS

A graduate of HEC, Jean-François Blas began his career in the distribution of wines and spirits in the CASTEL group in Ivory Coast and continued it in France in the distribution of electronics. He joined the Société des Téléphériques de Val-d’Isère in 1988 as Chief Executive O ffi cer, then took part in the creation of So fi val, the group’s parent holding company, in 1991, for which he became Chief Executive O ffi cer in 1995. So fi val took control of the ski areas of Avoriaz in 1997, Valmorel in 1999 and La Rosière in 2002. He was behind the group’s initial diversi fi cation into fi nancial activities, then in 2007, when STVI was sold to Compagnie des Alpes, he joined that company as Director of Ski Area Operations and a member of the Executive Committee. He left Compagnie des Alpes in May 2016 to assume the chairmanship of the So fi val group and became its Chairman and CEO in April 2017. Having been a member of the Board of Directors of So fi val since 1985, he is also a member of So fi val’s Executive Committee and Investment Committee. Appointment of Sofival by the Ordinary Shareholders’ Meeting of 9 March 2017 to replace Mr Bernard Blas ( fi rst appointed on 9 March 2017) – Term of o ffi ce expiry: 2021 Other mandates and duties: P A French national Chairman and Chief Executive O ffi cer of So fi val SA, P Manager of Acaval SCI, P Permanent Representative of So fi val within Cogeval Mandates previously held that have expired during the last five years: P None.

Permanent Representative of Sofival Member of the Strategy Committee Born on 8 October 1953 A French national Number of CDA shares personally held: 9,200 Number of shares held by So fi val: 2,110,806

Énergies SAS, DSR SAS, DSV SAS, Financière Valance SAS, Le Jardin Alpin SAS, SERMA SAS, Valastorg SAS, Valcapital SAS, Valdev Immo SAS, Valdev Invest SAS, Valmont SAS, Serpentine SAS, Valsnet SAS, FDH Chamonix SAS, Société Hôtelière Côte Rotie SAS, Val Environnement SAS, Val GTA SAS and Val RC SAS, P Permanent Representative of So fi val on the Boards of Genival SNC, Immobilière Valance SCI, Valmo Invest 1 SNC, P Director of Trialp SA and Digital Virgo SA, P Member of the Supervisory Committee of Sandaya Holding SAS.

SERGE BERGAMELLI MAIN POSITION: AUDITOR GENERAL, CAISSE DES DÉPÔTS ET CONSIGNATIONS BUSINESS ADDRESS: 72 AVENUE PIERRE MENDES FRANCE – 75013 PARIS

Serge Bergamelli holds a DEA in contemporary history. He started his career as Deputy Director of school sports within the French Ministry of Education (1984-1986). He subsequently became a history teacher in a secondary school in Vincennes (1987-1988), before becoming Head of the international relations o ffi ce of the Sports Department in the French Ministry of Education, Youth and Sports (1988-1992). He subsequently became head of the Sports Department’s Federal A ff airs Department within the same Ministry (1990-1991). Having held the position of Technical Advisor to the Ministry of Youth and Sports (1991-1992), and then Deputy Chief of Sta ff to the Secretary of State for Integration (1992-1993), he was appointed School Inspector and Regional Educational Inspector in 1993. Serge Bergamelli was Site Manager for the French Organising Committee for the 1998 Football World Cup (1995-1998). He then became a partner/Vice-President at Ernst & Young Conseil/Cap Gémini France (1998-2000). He subsequently joined the Caisse des Dépôts et Consignations group, where he served as Acting Director, and then Director of the Digital Development Department within the Department of Decentralised Funding (2000-2009). He then became Regional Director, Midi-Pyrénées, at CDC (2009-2011) before being appointed Director General of the Regional Centre for Distance Learning (CNED) (2011-2015). He was appointed administrateur civil (high-ranking civil servant) in 2011. Having served as Deputy-Manager of investments and local development (2015-2017) and then Deputy-Manager of the Investment Department of Banque des Territoires (CDC) (2017-2018), Serge Bergamelli has been Auditor General of CDC since November 2018. Renewed by the Combined Ordinary and Extraordinary Shareholders’ Meeting of 7 March 2019 ( fi rst appointed on 26 October 2018) – Term of o ffi ce expiry: 2023 Other mandates and duties: P Chairman of the Supervisory Board of Compagnie Nationale du Rhône (CNR). Mandates previously held that have expired during the last five years: P None.

Director Member of the Audit and Finance Committee Born on 22 January 1956 A French national Number of CDA shares held: 1

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Compagnie des Alpes I 2019 Universal registration document