Compagnies des Alpes // 2019 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE Compensation of corporate officers

Stock options granted during the fiscal year to each executive corporate officer by the Company or by Group companies (Table 4 of the AMF classification) N/A

Stock options exercised during the fiscal year by each executive corporate officer (Table 5 of the AMF classification) N/A

Bonus shares granted during the fiscal year to each executive corporate officer by the Company or by any Group company (Table 6 of the AMF classification) N/A

Bonus shares which vested during the fiscal year for each executive corporate officer (Table 7 of the AMF classification) N/A

Stock option grants (Table 8 of the AMF classification) N/A

Stock options granted to or exercised by the ten leading employees (excl. corporate officers) (Table 9 of the AMF classification) N/A

Bonus shares granted to corporate officers (Table 10 of the AMF classification) This table can be found in Chapter 5, Note 6.10 of the Consolidated Financial Statements.

Situation of executive corporate officers in the 2018/2019 fiscal year with regard to the AFEP-MEDEF Code of Corporate Governance (Table 11 of the AMF classification)

Benefits in kind owed or likely to be owed as a result of a termination or change of position

Indemnities related to a non-compete clause

Employment contract

Complementary retirement plan

Executive officer

Dominique Marcel Chairman and Chief Executive O ffi cer

No

Yes

Yes

No

Agnès Pannier-Runacher* Deputy Chief Executive O ffi cer

No

Yes

Yes**

No

* Agnès Pannier-Runacher left the Company on 15 October 2018. ** The severance package of Agnès Pannier-Runacher became null and void following her departure from the Company on 15 October 2018. The financial terms of her departure are set out in item (vii) of section 3.3.1.2. 3.3.1.5 Draft resolutions concerning the compensation policy applicable to Executive Corporate Officers exceptional elements of the total compensation and bene fi ts of any kind to be granted to Dominique Marcel, Chairman and Chief Executive O ffi cer, in respect of the 2019/2020 fi scal year.

Voting under the conditions of quorum and majority required for Ordinary Shareholders’ Meetings, and having examined the special report of the Board of Directors, the Shareholders’ Meeting approves, pursuant to Article L. 225-37-2 of the French Commercial Code, the principles and criteria for determining, distributing and allocating the fi xed, variable and exceptional elements of the total compensation and bene fi ts of any kind to be granted to Dominique Marcel, Chairman and Chief Executive O ffi cer, for the 2019/2020 fi scal year, as detailed in the report on the Company's corporate governance required by Article L. 225-37 of the French Commercial Code and included in the 2019 Universal Registration Document (“Chapter 3. Corporate Governance” – “3.3. Compensation of corporate o ffi cers” – “3.3.1. Compensation and bene fi ts of any kind awarded to executive corporate o ffi cers” and “3.3.1.5 Draft resolutions concerning the compensation policy” (i)).

(i) Principles and criteria for determining, distributing and allocating the compensation of the Chairman and Chief Executive officer in respect of his corporate office for the 2019/2020 fiscal year, pursuant to Article L. 225-37-2 of the French Commercial Code ( ex-ante vote) (1) In accordance with Article L. 225-37-2 of the French Commercial Code, the following resolutions will be submitted to shareholders for approval at the next Ordinary Shareholders’ Meeting called to approve the fi nancial statements for the fi scal year ended 30 September 2019. Tenth resolution – Approval of the principles and criteria for determining, distributing and allocating the fixed, variable and

(1) Given that Agnès Pannier-Runacher left the Company on 15 October 2018, Dominique Marcel was the Company’s only executive corporate officer at 30 September 2019, in respect of the 2019/2020 fiscal year. Compagnie des Alpes I 2019 Universal registration document 69