HERMÈS - 2020 Universal registration document

8

COMBINED GENERAL MEETING OF 4 MAY 2021 EXPLANATORY STATEMENTS AND DRAFT RESOLUTIONS

EXPLANATORY STATEMENTS AND DRAFT RESOLUTIONS

8.2

Resolutions submitted for approval to the Combined General Meeting of 4 May 2021.

ORDINARY BUSINESS 8.2.1 FIRST, SECOND AND THIRD RESOLUTIONS: APPROVAL OF THE ANNUAL FINANCIAL STATEMENTS (PARENT COMPANY AND CONSOLIDATED) – EXECUTIVE MANAGEMENT DISCHARGE Explanatory statement In the first, second and third resolutions, we ask you to approve: the parent company financial statements for financial year 2020, which show a net profit of €1,343,159,153.10, and the expenses and s charges mentioned in Article 39-4 of the French General Tax Code ( Code général des impôts ); the consolidated financial statements for financial year 2020. s In the third resolution, we ask you to grant discharge to the Executive Management for its management in respect of said financial year. You will find: the consolidated financial statements in the 2020 Universal Registration Document (chapter 5 “Consolidated financial statements”, § 5.1 to s 5.6); the parent company financial statements in the 2020 Universal Registration Document (chapter 6 “Parent company financial statements”, s § 6.1 to 6.5); the Statutory Auditors’ reports on the parent company and consolidated financial statements in the 2020 Universal Registration Document s (chapter 6 "Parent company financial statements", § 6.10 and chapter 5 " Consolidated financial statements", § 5.7 respectively).

First resolution: Approval of the parent company financial statements The General Meeting, acting under the quorum and majority requirements for Ordinary General Meetings, having reviewed the Executive Management report on the activity and situation of the Company, the Supervisory Board report and the Statutory Auditors’ report for the financial year ended 31 December 2020, approves as presented the parent company financial statements for said financial year, including the balance sheet, income statement, and notes, which show a net profit of €1,343,159,153.10, as well as the transactions reflected in these financial statements or described in these reports. Pursuant to Article 223 quater of the French General Tax Code (Code général des impôts), the General Meeting approves the expenses and charges mentioned in Article 39-4 of the French General Tax Code, which amounted in the financial year ended 31 December 2020 to €290,885, and which generated an estimated income tax expense of €93,083.

Second resolution: Approval of the consolidated financial statements The General Meeting, acting under the quorum and majority requirements for Ordinary General Meetings, having reviewed the Executive Management report on the activity and situation of the Group, the Supervisory Board report and the Statutory Auditors’ report for the financial year ended 31 December 2020, approves as presented the consolidated financial statements for said financial year, including the balance sheet, income statement, and notes, which show a consolidated net profit of €1,389.6 million, as well as the transactions reflected in these financial statements or described in these reports.

Third resolution: Executive Management discharge

The General Meeting, acting under the quorum and majority requirements for Ordinary General Meetings, grants discharge to the Executive Management for its management in respect of the financial year beginning 1 January 2020 and ended 31 December 2020.

466 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL