Hermès - Registration Document 2016

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INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL

INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS

Furthermore, a priority right to acquire Hermès International shares, granted by the members of the Hermès family group and descendants of these members for the benefit of the company H51 is explained on page 261. Lastly, the Executive Management has a grant of authority to carry out capital increases. Changes in share capital over the past three financial years No change of capital occurred over the last three financial years 7.2.1.4 7.2.2.1 Number of shareholders At least once each year, the Company uses the Euroclear France “iden- tifiable bearer shares” procedure (TPI, titres au porteur identifiables ) to identify its shareholders. During the study of 31 December 2016, there were about 87,000 shareholders; there were approximately 90,000 as at 31 December 2015 and about 107,000 as at 31 December 2014. Percentage of individual shareholders The percentage of individual shareholderswas 5.4% inDecember 2016, comparedwith5.4% in the same period in2015. Grouping the registered shares held as at 31 December 2016 by the individual shareholders and the bearer shares identified by the TPI on the same date, excluding holdings by the family groups. 7.2.2.2 7.2.2 INFORMATION ON THE SHAREHOLDERS

The companies H51 SAS and H2 SAS are held exclusively by members of the Hermès family group. To the Company’s knowledge, there are no shareholders other than those shown in the tables on page 255, directly or indirectly holding, alone or together, more than 5% of the share capital or voting rights. The ownership interests of Corporate Officers and Senior Executives are listed on page 108. Material changes in ownership of the share capital over the past three years are described below, under “Crossing of thresholds”. To the Company’s knowledge, the organisation of the Hermès family group has not been significantly modified since the incorporation of the company H51 SAS. Significant movements occurring during the last three years in the distribution of its share capital and voting rights, and the reasons for these movements – Retention commitment According to the terms of a transaction signed on 3 September 2014, LVMH Moët Hennessy - Louis Vuitton undertook to distribute to its shareholders all of the shares that it held in Hermès International, fol- lowed by the distribution by Financière Jean Goujon and Christian Dior to their own shareholders of shares thus received from LVMH Moët Hennessy - Louis Vuitton. The share distributions were implemented at the end of 2014and the start of 2015, with LVMHMoët Hennessy - Louis Vuitton and Christian Dior holding only a residual balance of the Hermès International shares, which they disposed of no later than 2 September 2015. LVMH Moët Hennessy - Louis Vuitton, Christian Dior and the Arnault family group also gave an undertaking not to acquire Hermès shares for a period of five years. Changes occurring after closure of the financial year To the Company’s knowledge, there has been no significant change with regards to Hermès International shareholders between 31 December 2016 and the date on which this registration document was filed with the AMF. Measures taken to prevent abusive control Refer to chapter 3 “Corporate Governance”, page 90, and to the para- graph “Management of conflicts of interest”, page 115.

Main shareholders as at 31 December 2016 – control of the Company

7.2.2.3

Hermès International is controlled – through the intermediary of Émile Hermès SARL, its Active Partner –by theHermès family group, which also holds, notably via the intermediary of the company H51 SAS, a majority shareholding (in capital and voting rights) within the Company in the capacity of Limited Partner. This control is exclusive control according to the meaning of Article L. 233-16 of the French Commercial Code ( Code de commerce ).

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL