HERMÈS - 2020 Universal registration document

8

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

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

Gross annual variable

€1,559,319 of which 10% for achieving the CSR criterion

The gross annual variable compensation in 2021 of Mr Axel Dumas, awarded in respect of 2020, was determined by the Executive Management Board on 17 February 2021 in accordance with the compensation policy for the Executive Chairmen and was subject to the deliberation of the Supervisory Board at its meeting of 18 February 2021. A portion of the variable compensation is submitted to a “CSR” criterion representing the Group’s firm and ongoing commitments to sustainable development. 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. The details of this assessment can be found in the 2020 Universal Registration Document (chapter 3 “Corporate governance”, § 3.7.2.1.3). Consequently, the variable compensation for 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 that of 2019, i.e. a decrease of -12.4%, to the variable compensation paid in 2020 in respect of 2019. Payment of this compensation is subject to the approval of the General Meeting of 4 May 2021. 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, s paid during financial year 2020; variable compensation awarded in respect of financial year 2020 s whose payment in 2021 is contingent on approval by shareholders; benefits of all kinds. s The components of compensation presented 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 fixed compensation paid in 2020 to the company Émile Hermès SARL 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, the company Émile Hermès SARL wished to waive the increase in its 2020 fixed compensation and therefore received the same fixed compensation in 2020 as that received in 2019. The amount of €620,279 awarded was thus reduced to €551,850 (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. Presentation

compensation for 2021 set by the Articles of Association (“statutory compensation”)

Components of compensation submitted to the vote

Amount awarded in respect of financial year 2020 or accounting valuation

Amount paid during financial year 2020

7 th and 9 th resolutions (global and individual ex-post votes): Émile Hermès SARL

2020 Gross annual fixed compensation (or “additional” compensation in the Articles of Association)

€551,850 (amount unchanged from that received in 2019)

474 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL