HERMÈS - 2020 Universal registration document

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CORPORATE GOVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

3.7.2.1.3 Compensation awarded in respect of 2020 The variable compensation of the Executive Chairmen awarded in respect of 2020 must be submitted to the General Meeting for approval prior to payment. All the fixed, variable and exceptional components comprising the total compensation and benefits of any kind allocated in respect of 2020 to Axel Dumas on the one hand and to Émile Hermès SARL on the other hand, in respect of their duties as Executive Chairmen, are set out in chapter 8 “Combined General Meeting of 4 May 2021”, § 8.2.1 - Explanatory statement to the eighth and ninth resolutions. These elements are all consistent with the compensation policy for the Executive Chairmen presented in §s 3.7.1.1 and 3.7.1.2 above and approved by the General Meeting of 24 April 2020. The CAG-CSR Committee evaluated the level of achievement of the CSR criterion applicable to 10% of the variable compensation of the Executive Chairmen at its meeting of 8 January 2021 and noted that the three indicators making up the criterion were fully achieved (see table below). Consequently, the 2021 variable compensation, awarded in respect of financial year 2020, has been calculated by applying the change in the Company’s consolidated net income before tax for financial year 2020 compared with 2019, i.e. a decrease of 12.4%, to the variable compensation paid in 2020 in respect of 2019.

The 2020 variable compensation, awarded in respect of 2019, to Axel Dumas was therefore reduced from €1,956,269 to €1,780,045 and that of Émile Hermès SARL from €912,261 to €830,083 (actual amounts paid after the waiver). The Executive Management Board of Émile Hermès SARL, Active Partner, and the Company's Supervisory Board noted this waiver on 30 March 2020. 3.7.2.1.2 Compensation paid in 2020 All the fixed, variable and exceptional components comprising the total compensation and benefits of any kind paid in the course of 2020 to Axel Dumas on the one hand and to Émile Hermès SARL on the other, in respect of their duties as Executive Chairmen, are set out in chapter 8 “Combined General Meeting of 4 May 2021”, § 8.2.1 - Explanatory statement to the eighth and ninth resolutions. These elements are all consistent with the compensation policy for the Executive Chairmen presented in §s 3.7.1.1 and 3.7.1.2 above.

CSR criteria indicators

Importance Level of achievement and justification

1/3 100% Constant efforts, in particular improvements to equipment and processes that consume industrial energy, continued to bear fruit, resulting in a reduction in consumption of 7.4% between the end of October 2019 and the end of October 2020, while over the same period revenue decreased by 6.8% - at constant scope and exchange rates. 1/3 100% The House continued its ambitious drive to establish local integration in 2020, both in France and abroad, notwithstanding the context of the health crisis. The commitment of employees and the conditions created by the House have made it possible to pursue and develop a large number of projects expressing our solidarity and our generosity as a responsible company. Thus, the Group has been able to express a very strong desire to (re)energise the regions by continuing to create both direct and indirect jobs, by maintaining long-term partnerships with all local actors and stakeholders in order to give life to practical and sustainable municipal and/or regional projects. 1/3 100% Constant attention is paid to the working conditions, pay and career development of all the House’s employees. At all levels of the organisation, equality of opportunity, diversity and inclusion in terms of employment, training, supervision and compensation are backed by the House’s commitment, with the objective of taking concrete and sustainable actions.

Quantifiable environmental criterion: Decoupling between activity growth at constant scope and exchange rates and the evolution of industrial energy consumption Qualitative societal criterion: Actions taken to promote the Group’s local integration in France and around the world, outside of major cities

Qualitative social criterion: Group initiatives in favour of gender equality

COMPENSATION PAID TO THE CHAIRMAN OF THE SUPERVISORY BOARD IN THE COURSE OF OR ALLOCATED IN RESPECT OF 2020

shareholders are asked to give a binding ex-post vote, are set out in chapter 8 "Combined General Meeting of 4 May 2021", § 8.2.1 - Explanatory statement to the tenth resolution. These elements are all in line with the compensation policy for the Chairman of the Supervisory Board presented in §s 3.7.1.1 and 3.7.1.3 below and approved by the General Meeting of 24 April 2020.

3.7.2.2

All the fixed, variable and exceptional components comprising the total compensation and benefits in kind paid in the course of or awarded in respect of 2020 to the Chairman of the Supervisory Board, on which the

302 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL