Hermès - Registration Document 2016

INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL

PRESENTATION OF HERMÈS INTERNATIONAL AND ÉMILE HERMÈS SARL

The Joint Council is an institution designed to enable broad collabora- tive efforts between the Active Partner’s Executive Management Board, an internal body with a need to know the main aspects of Hermès International’s management, and the Supervisory Board, which is appointed by shareholders. The Joint Council has knowledge of all matters that it addresses or that are submitted thereto by the party who convened the conference, but does not, in the decision-making process, have the right to act as a substitute for those bodies to which such powers are ascribed by law or by the Articles of Association of Hermès International or of Émile Hermès SARL. The Joint Council of the Executive Management Board and Supervisory Board does not in itself have decision-making powers as such. It acts exclusively as a collaborative body. At their discretion, the Executive Management Board and Supervisory Board may make all decisions or issue all recommendations within their jurisdiction in a Joint Council meeting. Registered office – principal administrative establishment The registered office of Hermès International is located at 24, rue du Faubourg-Saint-Honoré, 75008 Paris, France. The Company’s principal administrative establishment is located at 13-15, rue de la Ville-l’Évêque, 75008 Paris, France. The legal department is locatedat 13-15, ruede laVille-l’Évêque, 75008 Paris, France. 7.1.1.7 Hermès International was created on 1 June 1938. It is registered with the Paris Trade and Company Register under number 572 076 396, APE code 7010Z. Date of initial public offering Hermès International was taken public on the Second Marché of the Paris Stock Market on 3 June 1993. It has been listed on the Eurolist by Euronext (Compartment A) since 2005. 7.1.1.9 7.1.1.8 Date created – Trade and Company Register, APE Code

s authorises any sureties, endorsements or guarantees and any pledges of collateral and encumbrances on the Company’s property, whenever the claims guaranteed amount to more than 10% of the Net Worth; s authorises the creation of any company or the acquisition of an inte- rest in any commercial, industrial or financial operation, movable or immovable property, or any other operation, in any form whatsoever, whenever the amount of the investment in question amounts tomore than 10% of the Net Worth. In order to maintain its status of Active Partner, and failing which it will automatically lose such status ipso jure, Émile Hermès SARL must main- tain in its Articles of Association clauses, in their original wording or in any new wording as may be approved by the Supervisory Board of Hermès International by a three-quarters majority of the votes of members pre- sent or represented, stipulating the following: s the legal formof Émile Hermès SARL is that of a société à responsabi- lité limitée à capital variable (limited company with variable capital); s the exclusive purpose of Émile Hermès SARL is: • toserveasActivePartnerand,ifapplicable,asExecutiveChairman of Hermès International, • potentially to own an equity interest in Hermès International, and • to carry out all transactions in view of pursuing and accomplishing these activities and to ascertain that any liquid assets it may hold are appropriately managed; s only the following may be partners in Émile Hermès SARL: • descendants of Mr Émile-Maurice Hermès and his wife, born Julie Hollande, and • their spouses, but only as usufructuaries; and s each partner of Émile Hermès SARL must have deposited, or arrange to have deposited, shares in the present Company in the corpo- rate accounts of Émile Hermès SARL in order to be a partner of this Company. The Active Partner, Émile Hermès SARL, has transferred its business know-how to the Company, in consideration for its share of the profits in the Company, which amounts to 0.67% of distributable profits and is payable to the Active Partner on a priority basis (before dividends are paid to the Limited Partners). Management bodies The presentation of the Executive Management and the Supervisory Board is contained in chapter 3 “Corporate governance”, page 91 and 97. Joint council The Executive Management of Hermès International or the Chairman of the Supervisory Board of Hermès International shall convene a Joint Council meeting of the Executive Management Board of Émile Hermès SARL and the Supervisory Board of Hermès International whenever they deem it appropriate. 7.1.1.5 7.1.1.6

7.1.1.10 Articles of Association of hermès international with commentary

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Additional information is provided in insets in italics.

1 - Legal form The Company is a société en commandite par actions (partnership limited by shares) between:

its Limited Partners; and

s

s its Active Partner, Émile Hermès SARL, with registered office located at 23 rue Boissy-d’Anglas in Paris (75008). The Company is governed by the laws and regulations applicable to sociétés en commandite par actions (partnership limited by shares) and by these Articles of Association.

2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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