Hermès - Registration Document 2016

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CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

28.3 Lease agreements with related parties

Security deposit

Address

Lessor

Lessee

Lease type

Period

Start

End

Hermès International

Commercial lease Commercial lease Commercial lease Commercial lease Commercial lease

28/30/32 rue du Faubourg St Honoré

SAS SIFAH

9 years 01/01/2007 31/12/2015 1 3 months

9 years 01/01/2007 31/12/2015 1 3 months

28/30/32 rue du Faubourg St Honoré

SAS SIFAH Hermès Sellier

Hermès International Hermès International

26 rue du Faubourg St Honoré

SAS SIFAH

9 years 01/01/2014 31/12/2022 3 months

26 rue du Faubourg St Honoré

SAS SIFAH

9 years 01/01/2008 31/12/2016 3 months

23 rue Boissy d’Anglas

SAS SIFAH Hermès Sellier

9 years 01/01/2009 31/12/2017 3 months

S.C.I. 74 rue du Faubourg Saint-Antoine

Hermès International Comptoir Nouveau de la Parfumerie

Commercial lease

74 rue du Faubourg St Antoine

9 years 01/07/2008 30/06/2017 3 months

4 rue du Pont Vert 27400 Le Vaudreuil

Commercial lease 9 years firm 01/07/2014 30/06/2023 3 months

Briand Villiers I

(1) In process of being renewed.

Total rental expenses for the abovementioned leases amounted to €9 million in 2016 (versus €9 million in 2015).

All of the transactions described were carried out on an arm’s length basis, i.e. on terms that would apply if the transactions had occurred between unrelated parties.

SENIOR EXECUTIVE COMPENSATION

NOTE 29

A breakdown of total compensation paid to members of the Executive Committee and the Supervisory Board, in respect of their functions within the Group, is as follows:

2016

2015

In millions of euros

Short-term benefits

11.2

13.5

Post-employment benefits Other long-term benefits Share-based payments

3.1 0.1 1.8

3.4 0.2 2.5

TOTAL

16.3

19.6

Short-termbenefitsincludecompensationandbonusespaidtoExecutive Committee members during the year, as well as directors’ fees paid to

members of the Supervisory Board. Share-based payments correspond to the amounts expensed in the year.

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL