HERMES_REGISTRATION_DOCUMENT_2017

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PARENT COMPANY FINANCIAL STATEMENTS STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS

As described in Note 1.3 “Financial assets” to the annual financial statements, the actual value is based on criteria such as the share value in the adjusted net assets or the earnings prospects of the relevant subsidiary. These criteria are weighted by the effects of owning these shares in terms of strategy or synergies, in respect of other investments held. Due to their significance in the audit financial statements, to the requirement of management’s judgement in estimates, and regarding the sensitivity of hypotheses used, we considered the valuation of equity investment to be a key audit matter. How our audit addressed this risk Our work, notably, consisted in: s checking used values determined by the management were appropriate and any impairment arising were calculated correctly; and s checking recordedequitymatchedwithannual financial statements of entities concerned, especially for valuations basedonhistorical information. In addition to assessing valuation of equity investment, we also verified, when appropriate, that a contingency provision is recognized if the company was committed to support the losses of a subsidiary with negative equity. Information given in the management report and in the other documents provided to Shareholders with respect to the financial position and the financial statements We have nomatters to report as to the fair presentation and the consistency with the financial statements of the information given in themanagement report of the Executive Management and in the other documents provided to the Shareholders with respect to the financial position and the financial statements. Information relating to corporate governance We attest that the Supervisory Board’s report on corporate governance sets out the information required by Articles L. 225-37-3 and L. 225-37-4 of the French Commercial Code. Concerning the information given in accordance with the requirements of Article L. 225-37-3 of the French Commercial Code (code de commerce) relating to remunerations and benefits received by the directors and any other commitmentsmade in their favour, we have verified its consistency with the financial statements, or with the underlying information used to prepare these financial statements and, where applicable, with the information obtained by your company from controlling and controlled companies. Based on these procedures, we attest the accuracy and fair presentation of this information. Other information In accordance with French law, we have verified that the required information concerning the purchase of investments and controlling interests and the identity of the shareholders and holders of the voting rights has been properly disclosed in the management report. s assessing the processes implemented by the Company used to determine the valuation of equity investment; 4. VERIFICATION OF THE MANAGEMENT REPORT AND OF THE OTHER DOCUMENTS PROVIDED TO SHAREHOLDERS We have also performed, in accordance with professional standards applicable in France, the specific verifications required by French law.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

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Appointment of the Statutory Auditors We were appointed as statutory auditors of Hermès International by the annual general meeting held on 30 May 2011 for PricewaterhouseCoopers Audit and on 31 May 1999 for Cabinet Didier Kling & Associés. As at 31 December 2017, PricewaterhouseCoopers and Cabinet Didier Kling & Associés were in the 7th year and 19th year of total uninterrupted engagement respectively.

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL