HERMÈS - 2020 Universal registration document

COMBINED GENERAL MEETING OF 4 MAY 2021 STATUTORY AUDITORS’ REPORTS

Subject to a subsequent review of the terms and conditions of the issues decided upon, we have no matters to report on the methods used to determine the issue price of equity securities to be issued as given in the Executive Management report in respect of the twentieth and twenty-second resolutions. In addition, as this report does not specify the methods used to determine the issue price of equity securities to be issued as part of the implementation of the nineteenth and twenty-third resolutions, we cannot give our opinion on the choice of the elements used to calculate this issue price. As the definitive conditions under which the issues will be carried out have not been set, we do not express an opinion on them and, consequently, on the proposal made to you under the twentieth and twenty-second resolutions to cancel preemptive subscription rights. In accordance with Article R. 225-116 of the French Commercial Code ( Code de commerce ), we will prepare an additional report, where applicable, when one of these delegations is used by your Executive Management in the event of the issue of securities that are equity securities giving access to other equity securities or giving entitlement to the allotment of debt securities, in the event of the issue of securities giving access to equity securities to be issued and in the event of the issue of shares with preemptive subscription rights cancelled.

The total nominal amount of debt securities that may be issued pursuant to the nineteenth, twentieth, twenty-second and twenty-third resolutions may not exceed one billion euros, it being specified that the issues carried out in accordance with these delegations will be deducted from the common limit provided for in the nineteenth resolution of one billion euros for the nineteenth, twentieth, twenty-first, twenty-second and twenty-third resolutions. It is the responsibility of the Executive Management to prepare a report in accordance with Articles R. 225-113 et seq. of the French Commercial Code ( Code de commerce ). It is our responsibility to give our opinion on the fairness of the quantitative information drawn from the financial statements, on the proposed cancellation of preemptive subscription rights and on certain other information concerning issuances, as given in this report. We have carried out the procedures we considered necessary for this task in accordance with the professional standards of the French National Institute of Statutory Auditors ( Compagnie nationale des commissaires aux comptes ) regarding this assignment. These procedures consisted of verifying the content of the Executive Management report on these operations and the methods used to determine the issue price of equity securities to be issued.

Neuilly-sur-Seine, 5 March 2021

The Statutory Auditors

PricewaterhouseCoopers Audit

Didier Kling & Associés Member of Grant Thornton

Olivier Auberty

Vincent Frambourt

Guillaume Giné

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