Compagnie des Alpes

Capital/Financing Update • Dec 20, 2022

COMPAGNIE DES ALPES ANNOUNCES A NEW BANK TERM LOAN FINANCING FOR 200 MILLION EUROS

THE NEW FACILITY INCLUDES CSR COMMITMENTS FROM 2023

Paris, 20 December 2022 - After having concluded a €300m syndicated RCF (Revolving Credit Facility) in June 2022, the Group is pleased to announce that it has signed on 16 December 2022, a new 5 years Term Loan financing with its main banking partners for 200 million euros.

While the RCF line is intended to constitute the committed liquidity of the Group, this new Term Loan is intended to finance general future needs, in particular those related to growth. It will be drawn as and when required, for an availability period of 12 months. Amortisation is at the end of the term (100% bullet), on 16 December 2027. The pool of lenders consists of BNP Paribas, Groupe BPCE, Groupe Crédit Agricole, Groupe CM-CIC, Société Générale and La Banque Postale.

In line with the Group's commitments in terms of social and environmental responsibility in the RCF, this new Term Loan includes the same sustainable performance indicators, i.e. CO2 emissions and safety at work. The annual trajectories of these two indicators will be defined at the beginning of 2023, in consultation with our lenders.

"This new financing strengthens our financial structure, extends the debt's maturity and will support our future needs for the next years. It also demonstrates the confidence of our banking partners in the future development of our Group," said Alexia Cadiou, Group Finance Director.

As this new term loan agreement is a regulated agreement, it was approved by the Board of Directors of Compagnie des Alpes SA, the directors concerned not taking part in the vote.

For this transaction, Compagnie des Alpes was advised by Redbridge Debt & Treasury Advisory as financial advisor and Gide Loyrette Nouel as legal advisor. BNP Paribas acted as Coordinator and Documentation Agent, CACIB as Facility Agent and CSR Coordinator, and Allen & Overy as lenders' counsel.

Upcoming events and releases:

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• 2022/2023 2

• 2022/2023 1st quarter sales: Tuesday, January 24, 2023, after stock market close • Annual Shareholders' Meeting: Thursday, March 9, 2023, morning nd quarter sales: Tuesday, April 25, 2023, after stock market close

www.compagniedesalpes.com

Since it was founded in 1989, Compagnie des Alpes (CDA) has established itself as an uncontested leader in the leisure industry. Today, the Group operates 10 prestigious ski resorts and 13 renowned leisure parks, using an integrated approach that combines operational excellence and quality to achieve the Very High Satisfaction of its customers but also the local communities in which it is present. Compagnie des Alpes also exports its expertise, offering consulting and assistance services to projects in diverse regions around the world.

Compagnie des Alpes has, in addition, leveraged its expertise to adapt to changing patterns of consumption: an active force in the renovation of mountain lodging, it has also developed a network of real estate agencies, is developing its own thematic hotels adjacent to its parks with nationwide appeal and, since 2018, is the number 1 tour operator specializing in the online sale of ski holiday packages in France.

Over the course of the financial year ended September 30, 2022, the Group welcomed more than 22 million guests and generated sales of €959 M.

With nearly 5,000 employees, Compagnie des Alpes works with its partners to build projects that generate unique experiences, the opposite of a standardized concept. Exceptional leisure activities for everyone.

• ➢ Ski Areas operated by CDA: La Plagne, Les Arcs, Peisey-Vallandry, Tignes, Val d'Isère, Les Menuires, Méribel, Serre Chevalier, Flaine, Samoëns – Morillon - Sixt Fer-à-Cheval
• ➢ Leisure Parks operated by CDA: In France: Parc Astérix, Futuroscope, Walibi Rhône-Alpes, Grévin Paris, France Miniature; in Belgium: Walibi Belgium, Aqualibi, Bellewaerde Park, Bellewaerde Aquapark; in the Netherlands: Walibi Holland; in Switzerland: Chaplin's World; in Austria: Familypark.
• ➢ Transversal expertise: Travelfactory, Travelski Express, CDA Agences Immobilières, CDA Management, CDA Productions, Ingélo, Evolution 2

CDA is included in the CAC All-Shares, CAC All-Tradable, CAC Mid & Small, and CAC Small. ISIN: FR0000053324; Reuters: CDAF.PA; FTSE: 5755 Recreational services

Compagnie des Alpes:

Alexia CADIOU – Group CFO: +33 1 46 84 88 97 alexia.cadiou@compagniedesalpes.fr Sandra PICARD – Head of Communications, Brand & CSR +33 1 46 84 88 53 sandra.picard@compagniedesalpes.fr Alexis d'ARGENT – Head of Investor Relations +33 1 46 84 88 79 alexis.dargent@compagniedesalpes.fr eCorpus : Xavier YVON – Media Relations: +33 6 88 29 72 37 xavier.yvon@corp-us.fr