HERMÈS - 2020 Universal registration document

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

RESOLUTIONS EIGHTEEN TO TWENTY-FIVE: DELEGATIONS TO EXECUTIVE MANAGEMENT

Explanatory statement Limits The individual and common limits for financial authorisations and delegations that you are asked to grant to the Executive Management are as follows:

Limit common to several authorisations Reason for possible uses / Comments

Resolution

Equity securities Eighteenth resolution

Authorisation: capital increase by incorporation of reserves Duration (term): 26 months (4 July 2023) Individual limit: 40% of the share capital

May be used to incorporate reserves, profits or other items into the share capital, in order to increase the share capital without the addition of new liquidity Delegation of authority to be used during a public offering for the Company’s shares May be used to provide the Company with the financial resources necessary for its own development and that of the Group Delegation of authority to be used during a public offering for the Company’s shares May be used to provide the Company with the financial resources necessary for its own development and that of the Group Delegation of authority to be used during a public offering for the Company’s shares May be used to develop employee shareholding (allowing, where applicable, the subscription of shares at a discount to the share price) Delegation of authority to be used during a public offering for the Company’s shares May be used to offer the Company a faster and simpler method of financing than a capital increase by public offering with maintenance of preemptive subscription rights Authorisation intended mainly for qualified investors within the meaning of the regulations Delegation of authority to be used during a public offering for the Company’s shares May be used to carry out acquisitions, when the provisions of Article L. 22-10-54 of the French Commercial Code (Code de commerce) are not applicable Delegation of authority to be used during a public offering for the Company’s shares

n/a

Nineteenth resolution

Authorisation: issue with maintenance of preemptive subscription rights

Duration (term): 26 months (4 July 2023) Individual limit: 40% of the share capital

Twentieth resolution

Authorisation: issue with preemptive rights cancelled Duration (term): 26 months (4 July 2023) Individual limit: 40% of the share capital

Twenty-first resolution

Authorisation: capital increase reserved for members of a company or group savings plan

Duration (term): 26 months (4 July 2023) Individual limit: 1% of the share capital

40%

Twenty-second resolution

Authorisation: issue by private placement Duration (term): 26 months (4 July 2023) Individual limit: 20% of the share capital

Twenty-third resolution

Authorisation: issue to compensate contributions in kind Duration (term): 26 months (4 July 2023) Individual limit: 10% of the share capital

482 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL