HERMÈS - 2020 Universal registration document

CORPORATE GOVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

Variable component proportional to attendance at meetings

Fixed component

Total

Proportion

Proportion

SUPERVISORY BOARD Chairman

€140,000 €10,000 €10,000

100.00% 35.46% 35.46%

n/a

n/a

€140,000

100.00% 100.00% 100.00%

Vice-Chairmen

€18,200 €18,200

64.54% €28,200 64.54% €28,200

Members

Employee representative members

n/a

n/a

n/a

n/a

€0

n/a

CAG-CSR COMMITTEE Chairman

€28,000 €5,200

100.00% 40.00%

n/a

0.00% €28,000 60.00% €13,000

100.00% 100.00%

Members

€7,800

AUDIT AND RISK COMMITTEE Chairman

€28,000 €5,200

100.00% 40.00%

n/a

0.00% €28,000 60.00% €13,000

100.00% 100.00%

Members

€7,800

3

n/a: not applicable.

division), Supervisory Board members representing employees since 12 November 2019, have employment contracts with the Hermès Group, and as such receive compensation that has not been granted for the performance of their duties as Board members. Consequently, and for reasons of confidentiality, their salaries are not disclosed. No other member of the Supervisory Board, and in particular Mr Éric de Seynes, Chairman, is bound to the Company by an employment contract. Options to subscribe for or purchase shares No options to subscribe for or purchase shares were granted to Supervisory Board members in 2020, nor were any such options exercised by them. Allocation of free shares No free shares were allocated to members of the Supervisory Board during the financial year 2020.

The allocation principles include a fixed component (35.46% for the Board and 40.00% for the committees) and a variable component proportional to actual attendance at meetings (64.54% for the Board and 60.00% for the specialised committees). No additional compensation is paid to Board members who are not resident in France. Employment contract The members of the Supervisory Board of a société en commandite par actions (partnership limited by shares) may be bound to the Company by an employment contract with no condition other than that resulting from the existence of a relationship of subordination with the Company and the recognition of effective employment. Ms Pureza Cardoso (craftswoman – Maroquinerie de Sayat) and Mr Rémy Kroll (Director of Exceptional Sales – Hermès Commercial 3.7.2. In accordance with the provisions of Order No. 2019-1234 of 27 November 2019, the corporate governance report must present all compensation and benefits of all kinds paid to Corporate Officers during the financial year or allocated in respect of their duties in 2020. The report must also: disclose any compensation paid or granted by a company in the s scope of consolidation; enable comparison between (i) the compensation of the Executive s Corporate Officers (i.e. the Executive Chairmen) and the non-Executive Chairman (i.e. the Chairman of the Supervisory Board) on the one hand, and (ii) the average and median compensation of the Company’s employees on the other hand. This section presents the aforementioned items, which will be subject to global and individual ex-post votes at the General Meeting of 4 May 2021 (see in chapter 8 “Combined Shareholders’ Meeting of 4 May 2021”, § 8.2.1 - Explanatory statement to the seventh to tenth resolutions).

OVERVIEW OF COMPENSATION AND BENEFITS OF ALL KINDS FOR CORPORATE OFFICERS

COMPENSATION PAID TO THE EXECUTIVE CHAIRMEN DURING OR ALLOCATED IN RESPECT OF 2020 (EXECUTIVE CORPORATE OFFICERS) (ARTICLE L. 22-10-77 OF THE FRENCH COMMERCIAL CODE ( CODE DE COMMERCE )

3.7.2.1

3.7.2.1.1 Waiver by the Executive Chairmen in the context of Covid-19

In the context of the Covid-19 pandemic, the Executive Chairmen wished to waive the increase, as provided for under the applicable compensation policy, to their 2020 fixed compensation and their 2020 variable compensation awarded in respect of 2019, and therefore received a total amount of compensation in 2020 identical to that received in 2019. The fixed compensation of Axel Dumas in 2020 was therefore reduced from €1,824,677 to €1,623,378 and that of Émile Hermès SARL from €620,279 to €551,850 (actual amounts paid after the waiver).

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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