HERMES_REGISTRATION_DOCUMENT_2017

INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL

INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS

SHAREHOLDER PACTS AND AGREEMENTS

This software enables to:

7.2.5

s create sections for each element of inside information; s maintain a directory of Insiders and Sensitive People;

7.2.5.1 Priority acquisition right A priority right to acquire Hermès International shares (AMF notice 211C2288) came into force on 13 December 2011. This priority acqui- sition right is stipulated for the benefit of H51, a simplified joint stock company with variable capital, and was initially granted by 102 natural personsand33 legalentities(allmembers,heldbymembersorforwhom oneof theparents is amember of theHermès family group), representing a total of about 12.3% of the share capital of Hermès International. By amendment (AMF notice 213C0716) which came into force on 17 June 2013, the price at which H51 could acquire the Hermès International shares from the members of the Hermès family group pur- suant to this priority acquisition right would be equal to the average of the prices weighted by volumes (on the entire trading platform) of the Hermès International share during the 30 stock market trading days preceding the day of notification of the transfer, unless the said share is insufficiently liquid (as defined in the amendment), in which case an expert appraisal procedure will be implemented. To the Company’s knowledge: s theorganisationof theHermès family grouphas not been significantly modified since the incorporation of the company H51 SAS; s the priority acquisition right that H51 SAS benefits from covers most of the Hermès International shares also held by the members of the Hermès family group (i.e. at 31 December 2017, 12.5% of the capi- tal held by H2 SAS and other members of the Hermès family group, see page 296); s the priority acquisition right was granted by members of the Hermès family group and descendants of these members who do not yet directly or indirectly hold shares in the Company.

s manage Permanent Insiders who have, due to their functions, regular or permanent access to privileged information; s provide insiders with an area where they can access the list of sec- tions to which they belong and accept their binding texts; s collect the online acceptance, by Insiders and Sensitive People, of their binding texts; s monitor the acceptance of the binding texts and send reminders concerning those which are pending; Applicable legal rules and internal preventive measures, and the penalties The Code of Market Ethics recommends compliance with rules of pru- dence and confidentiality, and sets out the requirement to refrain from share trading and the applicable reporting obligations, both to the AMF and internally. It sets out the penalties in the event of criminal or administrative proceedings. s timestamp and keep track of all actions carried out; s export lists of Insiders at any particular time to the AMF upon request.

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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