HERMÈS - 2020 Universal registration document

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

shareholders, in favour of the holders of securities giving future access to Company shares that may be issued, of their preemptive subscription rights in respect of the shares to be issued upon presentation of these securities; grants the Executive Management the broadest of powers to 6) implement this delegation, in particular to: decide on and determine the dates and terms of issues as well as the s form and characteristics of the securities to be created to compensate contributions, approve the report of the Statutory Auditor(s), approve the valuation of the contributions and, in the case of said contributions, record their completion, determine the terms and conditions and price of the issues, set the amounts to be issued, determine the dividend entitlement date, with or without retroactive s effect, of the securities to be issued to compensate contributions, and, where applicable, the conditions for their repurchase, suspend, where applicable, the exercise of the share allocation rights attached to the securities to be issued for a period not exceeding three months, set the terms and conditions under which, where appropriate, the s rights of holders of securities giving future access to the share capital will be preserved, in accordance with legal and regulatory provisions, generally, take all necessary measures, carry out all necessary s formalities, enter into all agreements to successfully complete the planned issues, record the capital increase(s) resulting from any issue carried out by use of this delegation of authority and modify the Articles of Association accordingly; resolves that the Executive Management may also charge the share 7) and securities issue costs against the amount of the premiums relating to the capital increases, deducting from these premiums the sums necessary to increase the legal reserve to one-tenth of the amount of capital resulting from these increases; grants full powers to the Executive Management to request the 8) admission to trading on a regulated market of securities created under this resolution, wherever it may so advise; confirms that, pursuant to Article L. 233-32 of the French Commercial 9) Code (Code de commerce) , this delegation may be implemented during a public offering on the shares of the Company; resolves that this delegation of authority granted to the Executive 10) Management is valid for a period of 26 months from the date of this meeting. This delegation cancels and replaces, for the remaining term and the unused portion, the authorisation granted by the Combined General Meeting of 4 June 2019 in its twentieth resolution (issue of securities to compensate contributions in kind).

both in France and abroad and/or on the international market, either in euros, or in any other currency or monetary unit established with reference to several currencies, in order to compensate contributions in kind granted to the Company and consisting of equity securities or securities giving access to the share capital, where the provisions of Article L. 22-10-54 of the French Commercial Code ( Code de

commerce ) do not apply, with the issue of: a) new ordinary shares of the Company,

b) securities governed by Articles L. 228-91 et seq. of the French Commercial Code ( Code de commerce ), which are equity securities of the Company giving access, immediately and/or in future, to other equity securities of the Company and/or giving entitlement to the allotment of the Company’s debt securities, and/or c) securities representing a debt obligation governed or not by Articles L. 228-91 et seq. of the French Commercial Code ( Code de commerce ), giving access to or that may give access to equity securities to be issued by the Company; these securities may, where appropriate, also give access to existing equity securities and/or debt securities of the Company; resolves to waive, under this delegation, the preemptive subscription 2) rights of shareholders to the securities to be issued; resolves that the nominal amount of capital increases that may be 3) carried out immediately and/or in future under this delegation may not exceed 10% of the share capital at the date of this meeting (individual limit), capital increases carried out in accordance with this delegation being deducted from the common limit referred to in paragraph 4) of the nineteenth resolution (issue of securities with maintenance of preemptive subscription rights) submitted to this meeting, or to the equivalent amount in the event of an issue in foreign currency or in units of account set with reference to several currencies; further resolves that the maximum nominal amount of debt securities 4) that may be issued under this delegation may not exceed one billion euros (€1,000 million) (individual limit), or the equivalent of this amount in the event of an issue in foreign currency or in units of account fixed with reference to several currencies, this amount being increased, where applicable, by any redemption premium above par, and the amount of issues carried out in accordance with this delegation being deducted from the common limit referred to in paragraph 6) of the nineteenth resolution (issue of securities with maintenance of preemptive subscription rights) submitted to this meeting, with the possibility of debt securities being issued in euros, in foreign currency or in units of account set with reference to several currencies; notes and decides, as necessary, that, where applicable, the 5) aforementioned delegation automatically entails the waiver by

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