Compagnies des Alpes // 2019 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE Compensation of corporate officers

3.3.1.4 Summary statement of individual compensation paid to Executive Corporate Officers for the 2018/2019 fiscal year (AFEP-MEDEF Code of Corporate Governance/AMF position-recommendation No. 2009-16 and No. 2012-02) The breakdown of the individual compensation of executive corporate o ffi cers for the 2018/2019 fi scal year is presented below: Summary of compensation payable and stock options and shares granted to each executive corporate officer (gross compensation in euros) (Table 1 of the AMF classification) This fi rst table summarises the total compensation payable to executive corporate o ffi cers for the fi scal year ended 30 September 2019 and the previous fi scal year.

2018/2019

Dominique Marcel, Chairman-Chief Executive Officer

2017/2018

Compensation due for the fi scal year (see details in Table 2)

476,134

485,467

Valuation of options granted for the fi scal year (see details in Table 4)

- - -

- - -

Valuation of performance shares granted for the fi scal year (see details in Table 6)

Valuation of other long-term compensation plans

TOTAL

476,134

485,467

2018/2019

Agnès Pannier-Runacher, Deputy Chief Executive Officer (1) Compensation due for the fi scal year (see details in Table 2) Valuation of options granted for the fi scal year (see details in Table 4) Valuation of performance shares granted for the fi scal year (see details in Table 6)

2017/2018

413,476

16,896

- - -

- - -

Valuation of other long-term compensation plans

TOTAL 16,896 (1) Given that Agnès Pannier-Runacher left the Company on 15 October 2018, the reference period used for the calculation of the compensation for the 2018/2019 fiscal year, runs from 1 to 15 October 2018. Summary of the compensation payable (gross and in euros) to each executive corporate officer (by the Company, the controlled companies within the meaning of Article L. 233-16 of the French Commercial Code and the controlling company(ies)) (Table 2 of the AMF classification) This table shows the gross compensation due to each executive o ffi cer for the fi scal year ended 30 September 2019 and the previous fi scal year, as well as the compensation actually paid to them during those fi scal years. 413,476

FY 2018/2019

FY 2017/2018

Dominique Marcel, Chairman-Chief Executive Officer

Amounts owed

Amounts paid

Amounts owed

Amounts paid

P fi xed compensation P variable compensation

400,000

400,000 107,201

400,000

400,000

50,000 19,803

48,468 30,245

50,000 19,803

P gross pro fi t share

19,538

P exceptional compensation

- -

- -

- -

- -

P compensation of the Board of Directors

P bene fi ts in kind (company car)

6,331

6,331

6,755

6,755

TOTAL

476,134

533,070

485,467

476,558

FY 2018/2019 (prorated) (1)

FY 2017/2018

Agnès Pannier-Runacher, Deputy Chief Executive Officer (1)

Amounts owed

Amounts paid

Amounts owed

Amounts paid

P fi xed compensation P variable compensation

260,000 130,000

260,000 130,000

10,362

10,362

5,022 1,205

130,000

P gross pro fi t share

19,803

19,538

19,803

P exceptional compensation

- -

- -

- -

- -

P compensation of the Board of Directors

P bene fi ts in kind

3,673

3,673

306

306

TOTAL 160,471 (1) Given that Agnès Pannier-Runacher left the Company on 15 October 2018, the reference period used for the calculation of the compensation for the 2018/2019 fiscal year, runs from 1 to 15 October 2018. 413,476 413,211 16,896

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Compagnie des Alpes I 2019 Universal registration document