Hermès // 2021 Universal Registration Document

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CORPORATE GOUVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

SPECIFIC PRINCIPLES APPLICABLE TO THE COMPENSATION POLICY FOR THE EXECUTIVE CHAIRMEN (EXECUTIVE

3.8.1.2

CORPORATE OFFICERS)

Decision-making process followed for its determination, review and implementation applicable since the 2020 General Meeting

COMPENSATION POLICY FOR EXECUTIVE CHAIRMEN

ACTUAL COMPENSATION OF THE EXECUTIVE CHAIRMEN

CAG-CSR Committee Verification that the actual

Active Partner Determination of the actual compensation proposed

Supervisory Board Advisory opinion on the draft compensation policy

Active Partner Establishment of a draft compensation policy taking into account the guidelines laid down in the Articles of Association

compensation proposed complies with the Articles of Association and the compensation policy. Assessment of the achievement of CSR criteria for variable compensation

Supervisory Board Decision on actual compensation

Ordinary General Meeting “Ex-post” vote on actual compensation

Ordinary General Meeting “Ex-ante” vote on compensation policy

Decision-making process relating to the establishment of the Executive Chairmen’s compensation policy (Article R. 22-10-40, I-2° of the French Commercial Code) The components of the Executive Chairmen’s compensation policy are established by Émile Hermès SAS, Active partner. The decision is made by taking into account the principles and conditions provided for in Article 17 of the Articles of Association with respect to the variable compensation set by the Articles of Association (“statutory compensation”) and, by reference to the Articles of Association, the decision of the Ordinary General Meeting of 31 May 2001 with respect to fixed (“additional”) compensation. It is submitted to the Supervisory Board for an advisory opinion. Since 2020, the compensation policy for the Executive Chairmen is submitted each year to the Ordinary General Meeting for approval ( ex-ante vote).

Decision-making process followed for the determination of the actual compensation of the Executive Chairmen (Article L. 22-10-76 of the French Commercial Code) The actual amount of the Executive Chairmen’s compensation is determined each year by Émile Hermès SAS, Active partner, in accordance with the approved compensation policy, which is then submitted to the Supervisory Board for approval. The CAG-CSR Committee of the Supervisory Board: evaluates the achievement of the indicators comprising the CSR s criterion for Executive Chairmen’s variable compensation; checks that the actual compensation of the Executive Chairmen s complies with the Articles of Association and the compensation policy. Since 2020, the actual overall compensation of Corporate Officers (including that of the Executive Chairmen) and the actual individual compensation of each Executive Chairman will be subject, each year, to approval by the Ordinary General Meeting ( ex-post votes). 3.8.1.2.2 Terms of application to newly appointed or reappointed Executive Chairmen (Article R. 22-10-40, I-6° of the French Commercial Code) The term of office of the Executive Chairmen is indefinite under the terms of the Articles of Association, and is therefore not subject to renewal. The compensation policy would apply to newly appointed Executive Chairmen on a pro rata basis in accordance with their presence during the first year of their term.

3.8.1.2.1 Changes made to the compensation policy of the Executive Chairmen since the last General Meeting (Article R. 22-10-40, I-5° of the French Commercial Code) The General Meeting of 4 May 2021 approved, at 94.12% and without reservation, the compensation policy for the Executive Chairmen. Since then, no changes have been made to the compensation policy for the Executive Chairmen.

296 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL