HERMES_REGISTRATION_DOCUMENT_2017

INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL

DIVIDEND POLICY

DIVIDEND POLICY

7.3

In view of the level of cash reached at the end of 2017, the Executive Management decided, for the seventh time, to pay an interimdividend of €1.50 per share. In future, the Executive Management will decide case by case, given the situation of the Group and its prospects, whether it is appropriate to pay interim dividends before the General Meeting. In accordance with the law, the time limit after which entitlement to divi- dends of Hermès International shares ceases is five years from the divi- dend payment date. After the five-year time limit expires, the Company pays over any unclaimed dividends to the tax centre to which it reports.

Subject to the investments needed for the Company’s development and the corresponding financing requirements, the Company’s current inten- tion is to continue the “ordinary” dividend policy it has conducted over the past several years. The amounts of dividends paid in each of the financial years included in the historical financial information are shown on page 274. For the record, to distribute part of the large amount of cash available (more than a billion euros), an “exceptional” dividend of €5.00 was paid in 2012 and in 2015, as well as an “ordinary” dividend. It will be proposed to the General Meeting of 5 June 2018 to pay an exceptional dividend of 5.00 per share, for the same reasons.

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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