Hermès // 2021 Universal Registration Document
COMBINED GENERAL MEETING OF 20 APRIL 2022 STATUTORY AUDITORS’ REPORTS
STATUTORY AUDITORS’ REPORT ON THE AUTHORISATION TO GRANT EXISTING SHARES FREE
8.4.7
OF CONSIDERATION (NINETEENTH RESOLUTION)
General Meeting of 20 April 2022 - 19 th resolution
It is the responsibility of Executive Management to draw up a report on the proposed transaction. It is our responsibility to provide you with our comments, if any, in respect of the information provided to you on the proposed transaction. We performed the procedures that we deemed necessary in accordance with professional standards applicable in France to such engagements. These procedures consisted, in particular, in verifying that the proposed methods disclosed in the report prepared by Executive Management comply with the applicable laws and regulations. We have no matters to report on the information provided in the report prepared by Executive Management on the proposed authorisation to grant free shares.
This is a free translation into English of the Statutory Auditors’ report issued in French and is provided solely for the convenience of English speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France. To the Shareholders, In our capacity as Statutory Auditors of Hermès International, and in accordance with the provisions of article L.225-197-1 of the French Commercial Code ( Code de commerce ), we hereby report to you on the proposed authorisation to grant existing shares, free of consideration, to employees and/or corporate officers of Hermès International and all or some of its affiliated companies or groups, or to certain categories of said employees and corporate officers, under the conditions stipulated by article L.225-197-2 of the French Commercial Code, which is submitted to you for approval. On the basis of its report, Executive Management proposes that, for a period of 38 months from the date of this General Meeting, the shareholders authorise it to grant free existing shares on one or more occasions. The maximum percentage of free shares that may be granted to the managers ( gérants ) under this resolution shall be 0.05% of the share capital. This sub-ceiling shall be deducted from the 2% ceiling applicable to the authorisations granted in the eighteenth and nineteenth resolutions.
Neuilly-sur-Seine, 3 March 2022
The Statutory Auditors
PricewaterhouseCoopers Audit
Grant Thornton Audit
Olivier Auberty
Vincent Frambourt
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2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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