Hermès // 2021 Universal Registration Document

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CORPORATE GOUVERNANCE AUTRES INFORMATIONS

detecting any anomalies that could make it necessary to • supplement existing internal control procedures; consequences of the evaluation; s report to the Supervisory Board and follow-up. s 3.9.1.3.2 Implementation In 2021, the Current Agreements Committee conducted a full review of the agreements relating to ongoing transactions and entered into on an arm’s length basis and concluded that all these agreements continue to meet these two conditions. A report was presented to the Supervisory Board, which took note of it. An in-depth annual review will be carried out on significant agreements to ensure that they continue to meet the criteria for ongoing and normal agreements.

PROCEDURE FOR MONITORING ONGOING

3.9.1.3

AND STANDARD AGREEMENTS AND IMPLEMENTATION

Pursuant to the provisions of Article L. 22-10-12 of the French Commercial Code (Code de commerce), the Com pany has put in place a procedure to regularly assess whether agreements relating to current transactions and concluded under normal conditions meet these conditions. 3.9.1.3.1 Procedure This procedure, which applies only to Hermès International and not to its subsidiaries, was approved by the Supervisory Board on 25 February 2020. Its purpose is to enable Hermès International to periodically assess the appropriateness of the classification used for ongoing agreements entered into during the financial year, those that continue over several years, and any agreements that may have been modified. A “Current Agreements Committee” tasked with conducting the evaluation has been established; it comprises the following members as a minimum: a representative of the legal, corporate law and securities law s department; the notion of agreements bearing on ongoing transactions entered s into on an arm’s length basis and transactions deemed to be ongoing and entered into on an arm’s length basis within the Hermès Group; the notions of related-party agreement and prohibited agreement; s the roles and responsibilities related to the identification of s related-party agreements and the control and disclosure procedure applicable to them. The procedures for the regular evaluation of agreements relating to ongoing transactions concluded on an arm’s length basis are then described: periodicity of the assessment: annual; s nature of the work required to carry out the evaluation; s determining each year the scope of the agreements to be • assessed, for example by selecting a category of agreement taking into account, for example, duration, maturity, importance (in particular, financial), nature or by adopting a risk-based approach; assessing the relevance of the criteria used to distinguish between • ongoing transactions concluded on an arm’s length basis and related-party agreements, and their correct application in the Company; carrying out a review of the terms and conditions applicable to • these agreements in order to ensure, for those that may be revised or renewed in the coming year, that they still qualify as ongoing transactions concluded on an arm’s length basis, in particular in view of the criteria used; a representative of the finance department. s The procedure first entails the presentation of:

CAPITAL STRUCTURE AND FACTORS LIABLE TO AFFECT THE OUTCOME OF A PUBLIC OFFERING

3.9.2

In accordance with Article L. 22-10-11 of the French Commercial Code ( Code de commerce ), we inform you of the elements likely to have an impact on a possible public tender or exchange offering for Hermès International shares. As a société en commandite par actions (partnership limited by shares), Hermès International is governed by certain provisions specific to its legal form, stipulated by law or the Articles of Association, which are liable to have an effect in the case of a public offering, namely:

STRUCTURE OF THE COMPANY’S SHARE CAPITAL / DIRECT OR INDIRECT AFFILIATES IN THE SHARE CAPITAL

3.9.2.1

Information on share capital and shareholding is presented in chapter 7 “Information on the Company and its share capital”, § 7.2.2. The control held by the Hermès family group is likely to have an impact in the event of a public offering.

STATUTORY RESTRICTIONS ON THE EXERCISE OF VOTING RIGHTS AND SHARE TRANSFERS

3.9.2.2

Statutory restrictions on the exercise of voting rights and share transfers are as follows: voting rights are exercised by the bare owners for all decisions taken s at all General Meetings except for decisions regarding the allocation of earnings, for which the usufructuary shall exercise the voting rights; double voting rights are allocated to each registered share after being s held for a period of four consecutive years; any shareholder who comes to hold 0.5% of the share capital and/or s voting rights, or any multiple of that percentage, must disclose the crossing of ownership thresholds (Article 11 of the Articles of Association);

318 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL