HERMES_REGISTRATION_DOCUMENT_2017

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COMBINED GENERAL MEETING OF 5 JUNE 2018

STATUTORY AUDITORS’ REPORTS

Board authorised the signature of an amendment to add secretarial ser- vices to this agreement. At its meetings of 25 January 2012 and 30 August 2012, the Supervisory Board authorised two amendments to this agreement to alter the price of the secretarial services and to exceptio- nally provide for share ownership monitoring. In 2017, billing for services provided under the terms of this agreement amounted to €221,142. b) Design mission contract with the RDAI firm Person concerned Mrs Sandrine Brekke, owner of more than a 10% interest in RDAI and member of the Executive Management Board of Émile Hermès SARL, Executive Chairman of Hermès International. Nature, purpose and provisions At its meetings of 3 July 2015 and 20 November 2015, the Supervisory Board authorised: s an agreement between Hermès International and the architectural firm RDAI to undertake an assignment to design the office interior located 10-12 rue d’Anjou in Paris, on several floors and including procurement of furniture; s an amendment to that agreement commissioning RDAI to undertake two studies, namely: (i) fitting out an additional level, and (ii) changing the programming and placement of some spaces for the other levels. This agreement had no effect in 2017. c) Design mission contract with the RDAI firm Person concerned Mrs Sandrine Brekke, owner of more than a 10% interest in RDAI and member of the Executive Management Board of Émile Hermès SARL, Executive Chairman of Hermès International. Nature, purpose and provisions At its meetings of 20 March 2003 and 15 September 2004, the Supervisory Board authorised an agreement and its amendment between your Company and the architectural firm RDAI to undertake an assignment to design Hermès stores. This agreement was ineffective in 2017 and ended after the conclusion of the new framework agreement previously referred to. d) Trademark licence agreements Person concerned s Hermès International, direct or indirect shareholder with an interest of more than 10% in the licensed companies.

c)

New framework contract with RDAI

Person concerned Mrs Sandrine Brekke, owner of more than a 10% interest in RDAI and member of the Executive Management Board of Émile Hermès SARL, Executive Chairman of Hermès International. Nature, purpose and provisions Your Supervisory Boardmeetings dated 7 July 2017 and 13 September 2017 approved a new framework agreement between your company and RDAI defining the outlines of RDAI’s assignments concerning the exclusive application of the Architectural Concept for Hermès projects. This agreement had no effect on your Company in 2017. Grounds for the Company’s best interest The objective of the Concept created by RDAI is to allow a qualitative and easy identification of the stores and sales points distributing Hermès products throughout the world. This new agreement aims to integrate the changes in the organisation of Hermès (DDI, purchasing policy, digital), to specify the obligations and roles of the parties and adjust the conditions of execution to the realities of the Hermès projects. The analysis of the renegotiated agree- ment led to the conclusion that the changes made are, essentially, for Hermès International, both concerning the obligations of RDAI and its remuneration. Agreements and commitments already approved by the General Meeting Agreements and commitments approved in previous years which were implemented during the year In accordance with Article R. 226-2 of the French Commercial Code (Code de commerce), we have been informed that the following agree- ments and commitments, approved by the General Meeting in previous years, remained in effect during the year. a) Service agreement with Émile Hermès SARL Person concerned Émile Hermès SARL, Executive Chairman of Hermès International. Nature, purpose and provisions At its meetings of 23 March 2005 and 14 September 2005, the Supervisory Board authorised your Company to enter into a service agreement with Émile Hermès SARL for the provision of routine legal and financial services. At its meeting of 1 September 2007, the Supervisory

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL