Hermès // 2021 Universal Registration Document

3

CORPORATE GOUVERNANCE ADMINISTRATIVE AND MANAGEMENT BODIES

EXECUTIVE MANAGEMENT BOARD

All partners of Émile Hermès SAS must have, for each share they hold, on deposit with the social funds: either a number of Hermès International shares, undivided and free s from any encumbrance or other commitment to third parties, equal to 2,250; or the beneficial or legal ownership of a number of Hermès International s shares, free from any encumbrance or commitment to third parties, equal to 4,500. Any transaction that would result in a change of owner, even for the benefit of a spouse, ascendant or descendant of a partner, of wholly-owned shares, shares in bare ownership or usufruct, immediately, in the future or on option, is subject to the approval of the group of partners of Émile Hermès SAS. Nevertheless, transfers between partners may be freely made. The subscription of shares, other than by persons who are already partners, is also subject to this approval. The Chairman of Émile Hermès SAS is Mr Henri-Louis Bauer, a direct descendant of Mr Émile-Maurice Hermès. He was manager of Émile Hermès SARL from 1 July 2012. He was appointed Chairman of Émile Hermès SAS under its new legal form effective from 4 May 2021. 3.3.2 The Executive Chairmen are appointed by the Active partner, after consultation with the Supervisory Board. In accordance with the Articles of Association, the Executive Management comprises one or two Executive Chairmen, who are natural persons, Active partners or from outside the Company, each having the same powers. The term of office of the Executive Chairmen is open-ended. EXECUTIVE MANAGEMENT CHAIRMAN 3.3.1.4

3.3.1.5

Émile Hermès SAS has an Executive Management Board with 10 members, including the Chairman, who is an ex-officio member and chairs the Board. The Executive Management Board appoints two Vice-Chairmen from among its members. The members of the Executive Management Board are all natural persons chosen from among the shareholders of Émile Hermès SAS. The Executive Management Board of Émile Hermès SAS exercises the powers attached to being an Active partner of the Company. The new Articles of Association of Émile Hermès SAS have established, in place of the SARL Executive Management Board, a SAS Executive Management Board whose powers are identical to those granted by the previous Articles of Association to the SARL Executive Management Board. All members of the SARL Executive Management Board have been appointed to the SAS Executive Management Board for the remainder of their term of office.

The role and powers of Executive Management are described in § 3.2.3. The roles of the Executive Chairmen are distributed as follows: Mr Axel Dumas is in charge of strategy and operational management, and Émile Hermès SAS, through its Executive Management Board, is responsible for vision and strategic priority areas.

Composition at 31/12/2021 Mr Axel Dumas Executive Chairman

Appointed by decision of the Active partner dated 4 June 2013 (effective 5 June 2013)

Émile Hermès SAS Executive Chairman (represented by Mr Henri-Louis Bauer)

Appointed by decision of the Active partner dated 14 February 2006 (effective 1 April 2006)

Changes among the Executive Management in 2021: None . s Changes among the Executive Management since 31 December 2021: None . s

NUMBER OF SHARES TO BE HELD BY THE EXECUTIVE CHAIRMEN

Hermès International shares pursuant to Article 23 of the Afep-Medef Code revised in January 2020. The two Executive Chairmen fulfil this obligation at 31 December 2021. Information concerning restrictions relating to the sale of shares by the Executive Chairmen is provided in § 3.10.2.3.

3.3.2.1

At its meeting of 21 March 2017, the Supervisory Board decided that the Executive Chairmen should each be required to hold a minimum of 1,000

230 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL