Hermès // 2021 Universal Registration Document

CORPORATE GOUVERNANCE ORGANISATION OF THE SUPERVISORY BOARD

SUPERVISORY BOARD ETHICS

3.4.7

SUPERVISORY BOARD RULES OF PROCEDURE

STOCK MARKET ETHICS CODE

3.4.7.1

3.4.7.3

At its meeting of 18 March 2009, the Supervisory Board adopted its rules of procedure, which set out the terms Governing the structure and functioning of Hermès International’s Supervisory Board and its committees, in addition to applicable legal and statutory provisions. Their purpose is to enhance the quality of the Board’s work by promoting the application of good corporate governance principles and best practices, in the interests of ethics and greater effectiveness. These rules of procedure are regularly reviewed to adapt to legal and regulatory changes and to take into account the recommendations of the Financial Markets Authority (AMF) and revisions to the Afep-Medef Code. They were revised in 2021 (version No. 15) mainly to add new provisions for educational purposes and to reflect the Board’s current practices. In addition, an individual age limit of 80 has been added (see § 3.4.2.6). The full text of the Supervisory Board’s rules of procedure is made available at each update at https://finance.hermes.com/en/ governing-bodies-rules-procedure-articles-association/ . The main provisions of the Supervisory Board and committee rules of procedure are set out in this chapter 3. It details in particular the ethics principles during the holding of office: duties: guiding principles; s confidentiality; s prevention of insider trading – stock market ethics – abstention s obligations – reporting obligation; business relationships, conflicts of interest and personal statements. s

On 1 February 2017, the Supervisory Board adopted a Hermès Group stock market ethics Code as recommended by the AMF. Its purpose is to describe the measures put in place within the Hermès Group to prevent market abuse in Hermès International shares. This Stock Market Ethics Code is regularly reviewed to adapt to legislative and regulatory changes and to take into account the recommendations of the Financial Markets Authority (AMF). A summary of the Hermès Group stock market ethics Code can be found in chapter 7 “Information on the Company and its share capital”, § 7.2.4. It is made available at each update at https://finance.hermes.com/ en/governing-bodies-rules-procedure-articles-association/ . It covers the following measures: prevention of insider trading; s stock market ethics; s abstention requirement (blackout periods); s reporting obligation. s This code is sent to all members of the Supervisory Board each time it is updated. The members of the Supervisory Board are subject to blackout periods. They are also required to report transactions in Hermès International shares to the AMF within three trading days. The AMF General Regulation provides that the reporting obligation only applies when the total amount of transactions carried out during the calendar year is greater than €20,000. The declarations made during 2021 are listed in chapter 7 “Information on the Company and its share capital”, § 7.2.3. They may seek the advice of the Compliance Officer prior to carrying out a transaction. In addition, the Company has developed an e-learning training course on the prevention of market abuse, which all Supervisory Board members must follow.

3

COMMITTEE RULES OF PROCEDURE

3.4.7.2

The rules of procedure of the committees are described in § 3.6.2.2 for the CAG-CSR Committee and § 3.6.3.2 for the Audit and Risk Committee.

The full text of the committees’ rules of procedure is made available at each update at https://finance.hermes.com /en/ governing-bodies-rules-procedure-articles-association/.

ATTENDANCE

3.4.7.4

The Supervisory Board’s rules of procedure (Article 2.2.2.1) state that Supervisory Board members undertake to participate actively in all meetings of the Board and of the specialised committees of which they are a member.

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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