Compagnie des Alpes

COMPAGNIE DES ALPES ANNOUNCES THE RENEWAL OF IT'S SYNDICATED LOAN FOR 300 MILLION EUROS

THE NEW REVOLVING CREDIT FACILITY INCLUDES CSR COMMITMENTS FROM 2023

Paris, 23 June 2022 - The Group is pleased to announce that it has today entered into a new syndicated revolving credit facility for a maximum amount of 300,000,000 euros. This facility replaces the existing one signed on 7 May 2014 and amended in 2017 and 2019 for an amount of 250,000,000 euros, which was due to expire on 6 May 2023.

This new facility agreement, signed with BNP Paribas, Groupe BPCE, Groupe Crédit Agricole, Groupe CM-CIC, Société Générale and La Banque Postale, has a maturity of 5 years, plus two one-year extension options at the lenders' option (5+1+1 format).

In line with the Group's commitments in terms of social and environmental responsibility, in particular the objective of achieving zero net carbon emissions by 2030, two CSR performance indicators are included in the facility: CO2 emissions and safety at work. The contract already includes the CSR framework for these two indicators, which was negotiated with the banking pool (definitions and calculation methodologies, scope, rationale for the selection of indicators, historical performance, means implemented, publication commitments, etc.). The annual reduction trajectories for these two indicators will be defined in January 2023.

"This early refinancing of our Syndicated Loan, which was largely subscribed by our banking partners, demonstrates the credit quality of Compagnie des Alpes, and the increase of the amount from €250m to €300m reinforces our committed liquidity, in the context of the strong rebound of CDA's post-Covid activities and development ambitions" said Alexia Cadiou, Group Finance Director.

As the facility 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. Crédit Agricole Corporate And Investment Bank acted as Coordinator, Documentation Agent and CSR Coordinator, BNP PARIBAS acted as Facility Agent and Allen & Overy acted as Banks' legal advisor.

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www.compagniedesalpes.com

rd quarter sales: Thursday, July 21, 2022, after stock market close th quarter sales: Thursday, October 20, 2022, after stock market close • 2021/2022 annual results: Tuesday, December 6, 2022, before stock market open

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 12 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, 2021, which was heavily impacted by the health crisis, the Group welcomed more than 5 million guests and generated sales of €240.6 million.

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
➢ Leisure Parks operated by CDA: In France: Parc Astérix, Futuroscope, Walibi Rhône-Alpes, Grévin Paris, France Miniature; in Belgium: Walibi Belgium, Aqualibi, Bellewaerde, 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 CAC All-Shares, CAC All-Tradable, CAC Mid & Small, and CAC Small. ISIN: FR0000053324; Reuters: CDAF.PA; FTSE: 5755 Recreational services