HERMÈS - 2018 Registration document

Combined General Meeting of 4 June 2019

Statutory Auditors’ reports

REPORT FROM ONE OF THE STATUTORY AUDITORS, DESIGNATED AS THE INDEPENDENT THIRD PARTY ORGANISATION, ON THE CONSOLIDATED SOCIAL, ENVIRONMENTAL AND SOCIETAL INFORMATION CONTAINED IN THE MANAGEMENT REPORT

8.4.4

The report is on page 127.

8.4.5 STATUTORY AUDITORS’ REPORT ON THE CAPITAL REDUCTION BY THE CANCELLATION OF SHARES PURCHASED (14TH RESOLUTION) This is a free translation into English of the Statutory Auditors’ report issued in French and is provided solely for the convenience of English speaking readers. This report includes information specifically required by European regulations or French law. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.

Combined General Meeting of 4 June 2019 To the Shareholders

In our capacity as Statutory Auditors of your Company and pursuant to the mission provided for in Article L. 225-209 of the French Commercial Code ( Code de commerce ) in the event of capital reduction by the cancellation of shares purchased, we have prepared this report intended to inform you of our assessment of the reasons for and terms and conditions of the proposed capital reduction. The Executive Management of your company proposes that you delegate to it all necessary powers, for a period of twenty-four months with effect from the date of this General Meeting, to cancel, on one or more occasions, up to a maximum of 10% of the share capital per twenty-four-month period, all or part of the shares held or purchased pursuant to an authorisation of purchases by your company of its own shares in the context of the aforementioned Article. 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 nationaledes commissaires aux comptes ) regarding this assignment. Thoseprocedures involvedexamining whether the reasons for and the terms and conditions of the proposed capital reduction, which is unlikely to undermine the equality of shareholders, are lawful and appropriate. We have no comments on the reasons for or the terms and conditions of the proposed capital reduction.

Neuilly-sur-Seine, 9 April 2019 The Statutory Auditors

PricewaterhouseCoopers Audit

Didier Kling & Associés A member of Grant Thornton

Olivier Auberty

Vincent Frambourt

Guillaume Giné

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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