Compagnie des Alpes - 2017 Registration Document

6 SHARE CAPITAL AND SHAREHOLDER STRUCTURE Disclosure policy

6.4 Disclosure policy Compagnie des Alpes endeavours to disseminate financial information that is comprehensive, true, fair and transparent. As it is a listed company, this information is considered “regulated” information. Disclosure of financial information is governed by laws and regulations that require all listed companies to provide a complete, accurate, true and fair view of their financial 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. 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: z Registration Document/Annual financial report; z half-year financial report; z quarterly revenue; z press releases, which are published by the approved publishing service provider EchosWire, in accordance with the European Union Transparency Directive; z notes of any corporate-finance transactions filed with the AMF. The following information has been published since 1 October 2016: 1 October 2016 Start of the market-making agreement with ODDO. 22 October 2016 Annual revenue up 4.4%, on a comparable scope – growth of 6.5% in the 4 th quarter: favourable trend for Leisure destinations and International development. z Ski areas: year marked by a rise in skier-days, which resulted in a 3.9% increase in revenue. z Leisure destinations: the efficiency of the strategy conducted over the past three years was confirmed during the fiscal year. z International development: the Group is actively preparing its development in Asia. 13 December 2016 2015/2016 annual results: Backed by excellent results boosting its strategy, Compagnie des Alpes is set to accelerate its international development. 19 January 2017 First quarter of 2016/2017: New business growth at nearly 9%. z Ski areas: business upbeat despite the shortage of snowfall. z Leisure destinations: strong rise in sales across all Group sites: up 14.1%. z International development: dynamism confirmed. 6.4.1 6.4.2 PRESS RELEASE

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 five leading French analyst firms. To step up its communication actions, the Group set up a new forum for its shareholders: http://espace-actionnaires.compagniedesalpes. com/. This move is part and parcel of the Company’s efforts to ensure, to the utmost extent, free-flowing and transparent communication of information to its shareholders.

DOCUMENTS MADE AVAILABLE TO THE PUBLIC

The Company also makes the bylaws, the Corporate Governance Charter, and other documents available to the public, such as: z an illustrated brochure on the Group and its activities; z a newsletter sent to all members of the Shareholders’ Club and to those who request it; z 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.

16 February 2017 Thaiwoo Ski Resort and Compagnie des Alpes consolidate their partnership by signing a strategic agreement. 22 February 2017 The Turkish Ski Federation and Compagnie des Alpes sign an agreement to analyse the country’s ski potential and identify the best locations. 15 March 2017 Compagnie des Alpes reduces the cost of its debt by over 40% starting in 2017-2018 and significantly extends its debt’s average maturity, thanks to the successful refinancing of the 2017 bond (€200 million) and modification of its RCF syndicated loan (€250 million). 20 April 2017 Revenue for the 1 st half of 2016/2017 – Business growth of 3.7%. z Ski areas: brisk business at the height of the season. z Leisure destinations: A satisfactory pre-season. z New developments: sustained sales. 26 April 2017 Disposal of Fort Fun in Germany. 23 May 2017 1 st half of 2016/2017 Good results in line with the Group’s mission. 31 May 2017 Disposal of Fort Fun in Germany – Conditions precedent lifted.

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Compagnie des Alpes I 2017 Registration Document