Hermès // 2021 Universal Registration Document

CORPORATE GOUVERNANCE THE COMPANY’S CORPORATE GOVERNANCE CODE

Changes made since the most recent update of the Afep-Medef Code in January 2020 to ensure compliance therewith

Explanations

This gender balance policy and the resulting objectives, as well as the results achieved during the financial year, are described in § 3.3.4.1 and § 3.3.4.2. The Executive Management appointed two new female members to the Executive Committee on 1 March 2022, bringing the proportion of female members to 40% and the proportion of women on Governing bodies to 54.2% (excluding the Executive Chairman). These ratios and the methodology used for their calculation are presented in § 3.8.2.3. The scope used in the denominator is that provided for in Article L. 22-10-9, 6° and 7° of the French Commercial Code ( Code de commerce ), i.e. employees of the listed company Hermès International. In addition to the legal requirement, this choice is likely to facilitate understanding of changes in ratios and the consistency of the calculation basis over time, which will be less affected by changes in the scope of consolidation (acquisitions/disposals) within the Group.

Gender balance policy in Governing bodies (Article 7)

Equity ratios (Article 26.2)

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Corporate governance award Since 2009, the Grand Prix de la transparence has rewarded the quality of regulated information of French SBF 120 companies. The objective of these awards is to enable issuers to measure their performance each year in terms of transparency and to identify market best practices. Each year, standards rise. They are based on the criteria of accessibility, accuracy, comparability and availability of the information presented in the four key sources of information of each company (universal registration document, website, notice of Shareholders’ General Meeting – for which an award was already received last year – and ethics charter). An independent scientific committee ensures the neutrality and fairness of the ranking. It is composed of 10 members of organisations and associations representing users of information, including Paris Europlace, Euronext, AMF, IFA, SFAF, AFG and F2ic. Hermès International was the Winner of the “CAC Large 60” (CAC 40 and CAC Next 20) at the Grand Prix de la transparence in 2021 . This award recognises the work of all the House’s teams who contribute to the production of regulated information.

This award applauded in particular: the recent redesign of the website https://finance.hermes.com/en; s the reorganisation of the CSR, governance and risk factor sections s of the universal registration document, which were subject to a major semantic, informational and infographic review; the digital accessibility of the four information sources on which s the transparency awards are based; the publication of the 2020 universal registration document in s XHTML format. Hermès has also made the Top 20 for the 2021 Transparency Awards and has been nominated for the “Website” and “All categories” awards. Faithful to the values of craftspeople and the validity of the craftsmanship model, the Hermès Group strives to achieve quality in all areas and to pursue its quest for continual improvement.

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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