HERMÈS - 2019 Universal Registration Document

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INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL PRESENTATION OF HERMÈS INTERNATIONAL AND ÉMILE HERMÈS SARL

authorises any loans of Hermès International whenever the amount of s such loans exceeds 10% of the amount of the consolidated net worth of the Hermès Group, as determined based on the consolidated financial statements drawn up from the latest approved accounts (the “Net Worth”); authorises any sureties, endorsements or guarantees and any s pledges of collateral and encumbrances on the Company’s property, whenever the claims guaranteed amount to more than 10% of the Net Worth; authorises the creation of any company or the acquisition of an s interest in any commercial, industrial or financial operation, movable or immovable property, or any other operation, in any form whatsoever, whenever the amount of the investment in question amounts to more than 10% of the Net Worth. In order to maintain its status of Active Partner, and failing which it will automatically lose such status ipso jure, Émile Hermès SARL must maintain in its Articles of Association clauses, in their original wording or in any new wording as may be approved by the Supervisory Board of Hermès International by a three-quarters majority of the votes of members pre-sent or represented, stipulating the following: the legal form of Émile Hermès SARL is that of a société à s responsabilité limitée à capital variable (limited company with variable capital); the exclusive purpose of Émile Hermès SARL is: s to serve as Active Partner and, if applicable, as Executive • Chairman of Hermès International, potentially to own an equity interest in Hermès International, and • to carry out all transactions in view of pursuing and accomplishing • these activities and to ascertain that any liquid assets it may hold are appropriately managed; only the following may be partners in Émile Hermès SARL: s descendants of Mr Émile-Maurice Hermès and his wife, born Julie • Hollande, and their spouses, but only as usufructuaries of the shares; and • each partner of Émile Hermès SARL must have deposited, or arrange s to have deposited, shares in the present Company in the corporate accounts of Émile Hermès SARL in order to be a partner of this Company; any transaction that would result in a change of owner, even for the s benefit of a spouse, ascendant or descendant of a partner, of wholly-owned shares, shares in bare ownership or usufruct, immediately, in the future or on option, is subject to the approval of the group of partners as set out in Article L. 223-14 of the French Commercial Code ( Code de commerce ). Nevertheless, transfers between partners may be freely made. The subscription of shares, other than by persons who are already partners, is also subject to this approval. The Active Partner, Émile Hermès SARL, has transferred its business know-how to the Company, in consideration for its share of the profits in the Company, which amounts to 0.67% of distributable profits and is payable to the Active Partner on a priority basis (before dividends are paid to the Limited Partners).

COMPENSATION FOR THE ACTIVE PARTNER OVER THE LAST TWO YEARS

2019

2018

Émile Hermès SARL

€11,075,569.02 €8,297,743.18

MANAGEMENT BODIES

7.1.1.5

The presentation of the Executive Management and the Supervisory Board is set out in chapter 3 “Corporate governance”, on pages 198 and 213.

JOINT COUNCIL

7.1.1.6

Whenever it considers it necessary, the Executive Management of Hermès International or the Chairman of the Supervisory Board of Hermès International calls a Joint Council between the Executive Management of Émile Hermès SARL and the Supervisory Board of Hermès International. The Joint Council is an institution designed to enable extensive consultation between the Executive Management Board of the Active Partner, an internal body needing to have knowledge of the main aspects of Hermès International’s Executive Management, and the Supervisory Board, an emanation of the shareholders. The Joint Council has knowledge of all matters that it addresses or that are submitted thereto by the party who convened the conference, but does not, in the decision-making process, have the right to act as a substitute for those bodies to which such powers are ascribed by law or by the Articles of Association of Hermès International or of Émile Hermès SARL. The Joint Council of the Executive Management Board and the Supervisory Board does not, itself, have any decision-making powers. It acts solely as a consultation body. At their discretion, the Executive Management Board and Supervisory Board may make all decisions or issue all recommendations within their jurisdiction in a Joint Council meeting.

REGISTERED OFFICE – PRINCIPAL ADMINISTRATIVE HEADQUARTERS

7.1.1.7

The registered office of Hermès International is located at 24, rue du Faubourg-Saint-Honoré, 75008 Paris, France. The Company’s principal administrative establishment and its legal department are located at 13-15, rue de la Ville-l’Évêque, 75008 Paris, France.

DATE OF INCORPORATION – TRADE AND COMPANY REGISTER, APE – LEI CODE

7.1.1.8

Hermès International was created on 1 June 1938. It is registered with the Paris Trade and Company Register under number 572 076 396, APE code 7010Z. The LEI number of the Company is 969500Y4IJGHJE2MTJ13.

DATE OF INITIAL PUBLIC OFFERING

7.1.1.9

Hermès International was taken public on the Second Marché of the Paris Stock Market on 3 June 1993. It has been listed on the Eurolist by Euronext (Compartment A) since 2005. It has been listed in the CAC 40 Index since 18 June 2018.

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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