Hermès // CSR Extract 2023

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ADDITIONAL INFORMATION GLOSSARY

Preemptive subscription rights Tradable right, detached from each existing share, enabling existing shareholders to purchase new shares or securities giving access to the share capital in an offering before the general public has the opportunity to do so, or to obtain, by selling their rights, an amount equivalent to the notional reduction in the value of their shares that would arise from the new issue. Priority subscription right/priority subscription period In return for the cancellation of preemptive subscription rights, the Executive Management may introduce a priority right, which may be pro‑rated. A priority right, like a preemptive subscription right, enables existing shareholders to subscribe to the proposed issue in proportion to the number of shares they currently hold. However, unlike a preemptive subscription right, a priority right is (i) exercisable within a priority period (in practice, at least five trading sessions) that is shorter than the period allowed for a preemptive subscription right and (ii) not tradable. Pro‑rated (subscription rights) In some cases, the Executive Management may introduce pro‑rated subscription rights in favour of existing shareholders. This means that if irreducible subscriptions ( i.e. subscriptions by shareholders exercising preemptive subscription rights) fail to entirely absorb the capital increase, the unsubscribed equity securities would be allocated on a pro‑rated basis to those shareholders who made an application for additional shares (over and above the entitlement given by their preemptive subscription rights) in proportion to the subscription rights they hold and within the limit of the number of shares applied for by that shareholder. Quorum Minimum percentage of shares present or represented and carrying voting rights, required for a General Meeting to validly proceed. Recurring operating income Recurring operating income is one of the main performance indicators monitored by Group Management. It excludes non‑recurring items having a significant impact that could affect understanding of the Group’s economic performance. Registered share When shares are registered shares, the custodian is the Company itself or an agent appointed by the issuing company to keep its registered share accounts. For Hermès International, this agent is Uptevia. Holders of registered shares are known by name by the issuing company. They may either manage their shares themselves, in which case they are described as “pure” registered shareholders; or appoint an agent of their choosing to manage their account held with the issuing company, in which case they are described as “administered” registered shareholders. Remote voting A shareholder may vote by post using a form provided for this purpose or online (please refer to the corresponding notice of meeting). Restated net cash position The restated net cash position corresponds to net cash plus cash investments that do not meet the IFRS criteria for cash equivalents due in particular to their original maturity of more than three months, less borrowings and financial liabilities.

Revenue Revenue is the total amount of sales of goods and services made by the Company, over a given period, in the normal course of business. SBTI Science Based Targets Initiative. SBTN Science Based Targets for Nature Scopes 1, 2 and 3 Scopes within which greenhouse gas emissions are studied. According to the Green House Gas Protocol, Scope 1 corresponds to “direct emissions from sources owned or controlled by the reporting entity”. Scope 2 corresponds to “indirect emissions related to the consumption of electricity, heat or steam necessary for the manufacture of the product or the operation of the reporting entity”. Scope 3 corresponds to “other indirect emissions related to the supply chain (upstream) and the use of products and services during their life cycle (downstream)”. Share A marketable security issued by a listed (publicly‑traded) or unlisted incorporated company, representing the unit value of the Company’s share capital and granting the holder shareholder status. This share carries rights to disclosure of information and the right to vote at General Meetings, as well as financial rights (right to dividends, preemptive subscription rights). A share may be a bearer share or a registered share. Share buyback After consulting its shareholders at a General Meeting and obtaining their consent, a company may purchase its own shares on the stock market, within the limit of 10% of its share capital (in accordance with the objectives defined in the share buyback programme). Shares thus purchased may then be held, sold, transferred or cancelled. Share capital Portion of equity contributed by shareholders when the Company is established or upon a subsequent capital increase. Shareholding certificate Document provided by the financial intermediary proving that a holder of bearer shares is a shareholder. This document enables the shareholder to take part in General Meetings. Société en commandite par actions (SCA) (partnership limited by shares) A company whose capital is divided into shares comprising one or more Active Partners having status as merchant and who have unlimited joint and several liability for the Company’s debts, and Limited Partners (or shareholders) who are not merchants and are only liable for the Company’s debts in proportion to their investment. Subsidiaries Companies in which your company owns, directly or indirectly, more than 50% of the share capital.

2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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