HERMÈS - 2020 Universal registration document

8

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

Executive Chairmen

Components of compensation submitted to the vote

Amount awarded in respect of financial year 2020 or accounting valuation

Amount paid during financial year 2020

Presentation

To the extent that the Executive Chairmen receive neither multi-year variable compensation nor deferred variable compensation, only the following elements are subject to a vote: fixed compensation paid during financial year 2020; s variable compensation awarded in respect of financial year 2019, paid s during financial year 2020; variable compensation awarded in respect of financial year 2020 s whose payment in 2021 is contingent on approval by shareholders at the General Meeting of 4 May 2021; benefits of all kinds. s The components of compensation detailed below all comply with the compensation policy for the Executive Chairmen presented in the 2020 Universal Registration Document (chapter 3 “Corporate governance”, § 3.7.1.1 and 3.7.1.2). The other information referred to in Article L. 22-10-9, I. of the French Commercial Code ( Code de commerce ), which is also subject to the global ex-post vote, is described in the 2020 Universal Registration Document (chapter 3 “Corporate governance”, § 3.7.1, 3.7.2 and 3.7.4). In the seventh resolution we ask that you approve this information for each of the Corporate Officers. The 2020 fixed compensation of Mr Axel Dumas was determined by the Executive Management Board on 24 February 2020 in accordance with the compensation policy for the Executive Chairmen and submitted to the Supervisory Board for approval at its meeting of 25 February 2020. In the context of the Covid-19 pandemic, Mr Axel Dumas wished to waive the increase in his 2020 fixed compensation and therefore received the same fixed compensation in 2020 as that received in 2019. The amount of €1,824,677 awarded was thus reduced to €1,623,378 (effective amount paid after said waiver). The Executive Management Board of Émile Hermès SARL, Active Partner, and the Supervisory Board of the Company noted this waiver on 30 March 2020. The 2020 gross annual variable compensation of Mr Axel Dumas awarded in respect of financial year 2019, was determined by the Executive Management Board of 24 February 2020 in accordance with the compensation policy for the Executive Chairmen and submitted to the Supervisory Board for approval at its meeting of 25 February 2020. In the context of the Covid-19 pandemic, Mr Axel Dumas wished to waive the increase in his 2020 gross annual variable compensation in respect of 2019, and therefore received the same variable compensation in 2020 as that received in 2019. The amount of €1,956,269 awarded was thus reduced to €1,780,045 (effective amount paid after said waiver). The Executive Management Board of the company Émile Hermès SARL, Active Partner, and the Supervisory Board of the Company noted this waiver on 30 March 2020. This component of compensation for Mr Axel Dumas has already been submitted to a vote ( ex-post ) by shareholders at the General Meeting of 24 April 2020 (“Gross annual variable compensation awarded in 2020 in respect of 2019”). Shareholders having approved the seventh and eighth resolutions by 93.99% and 93.66% respectively, the gross annual variable compensation was paid to Mr Axel Dumas after the General Meeting of 24 April 2020 (payment subject to approval by the General Meeting). Given the terms of application of the mechanism governing Corporate Officers' compensation, this component remains subject to a vote ( ex-post ) by this General Meeting, due to its payment in 2020. The principle of the allocation of deferred variable compensation is not provided for.

7 th and 8 th resolutions (global and individual ex-post votes): Mr Axel Dumas

2020 Gross annual fixed compensation (“additional compensation” as set by the Articles of Association)

€1,623,378 (amount unchanged from that received in 2019)

2020 Gross annual variable compensation set by the Articles of Association (“statutory compensation”)

€1,780,045 of which 10% for achieving the CSR criterion (amount unchanged from that received in 2019)

Deferred variable compensation

n/a

472 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL