HERMÈS - 2020 Universal registration document

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

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

Amount awarded in respect of financial year 2020 or accounting valuation

Amount paid during financial year 2020

Presentation

€830,083 of which 10% for achieving the CSR criterion (amount unchanged from that received in 2019)

The 2020 gross annual variable compensation of the company Émile Hermès SARL, 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, the company Émile Hermès SARL wished to waive the increase in its 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 €912,261 awarded was thus reduced to €830,083 (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. This component of compensation for the company Émile Hermès SARL 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 ninth resolutions by 93.99% and 93.62% respectively, the gross annual variable compensation was paid to the company Émile Hermès SARL after the General Meeting of 24 April 2020 (payment subject to approval by the General Meeting). Given the terms of application of the mechanism governring 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.

Deferred variable compensation

n/a

Multi-year variable compensation Exceptional compensation

n/a

The principle of such compensation is not provided for.

n/a

The principle of such compensation is not provided for.

Stock options, performance- based shares or any other element of long-term compensation (IFRS valuation at the allocation date) Compensation for assumption of duties Non-compete indemnity Supplemental pension plan Compensation paid or awarded by a company falling within the scope of consolidation Valuation of benefits of any kind Severance payment

Stock options: n/a Performance-based shares: n/a Other items: n/a

No stock option or performance-based share plans benefiting the Executive Chairmen were implemented during or in respect of the 2020 financial year. Émile Hermès SARL, a legal entity, is not eligible for the stock option or performance-based share plans.

n/a

No such commitment exists.

n/a

No such commitment exists.

n/a

No such commitment exists.

n/a

Émile Hermès SARL, a legal entity, is not eligible for a supplemental pension plan.

n/a

The principle of such compensation is not provided for.

8

n/a

Émile Hermès SARL does not receive benefits of any kind.

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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