Hermès - Registration Document 2016

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INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL

INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS

• Christian Dior declared that it crossed above, on 17 December 2014,followingadistributionforitsbenefitofHermèsInternational shares previously held by Financière Jean Goujon, the thresholds of5%ofthesharecapitalandvotingrights inHermèsInternational, then crossed below the same thresholds on the same day, fol- lowing an exceptional distribution in kind of Hermès International shares and payment of an interim dividend in kind in the form of Hermès International shares by Christian Dior for the benefit of its shareholders; • the company Semyrhamis declared that it crossed above, on 17 December 2014, following the aforementioned Hermès International share distribution transactions performed by Christian Dior for the benefit of its shareholders, the thresholds of 5% of the share capital of Hermès International, and the same day, following purchases from other companies controlled by the Arnault family group, the threshold of 5% of the voting rights in Hermès International. Exemption decision At its meeting of 6 January 2011, the AMF granted an exemption to the requirement to file a proposed public offering to buy out the shares of Hermès International, following a petition filed by 52 natural persons and their family companies that are direct shareholders of Hermès International (see decision No. 211C0024, the entire text of which is available on the AMF’s website – www.amf-france.org). This decision has become definitive. 7.2.2.9

7.2.2.11 Share buyback programme

Use in 2016 of authorisations to buy back shares granted by the General Meeting The Combined General Meetings of 2 June 2015 and 31 May 2016 approved share buyback programmes authorising the Executive Management, on the basis of Articles L. 225-209 et seq. of the French Commercial Code, to purchase, on or off the market, a number of shares representing up to 10% of the Company’s share capital as of the date of purchase in order to allot them to the objectives permitted by European regulations (cancellation of shares within the limit of 10% of the share capital per 24-month period, covering the commitment to deliver shares, i.e. in connection with issuances of securities granting access to capital or grants of existing stock or stock options, allocation to employees) or to one or moremarket practices currently or later accepted by the Financial Markets Authority (“AMF”) (acquisition practices and the implementa- tion of a liquidity contract with an investment service provider acting independently), andmore generally to allot them to carrying out any ope- ration in accordance with the regulations in force. The Combined General Meetings of 2 June 2015 and 31 May 2016 authorised the Executive Management to reduce the share capital by cancellation of repurchased shares, within the limit of 10% of the share capital per period of 24 months. The characteristics of the delegations granted to the Executive Management are detailed on page 266 et seq. During the financial year ended 31 December 2016, the Executive Management assigned the transactions shown in the table below, in the context of share buyback programmes authorising the Executive Management to buy and sell its own shares under Article L. 225-209 of the French Commercial Code ( Code de commerce ).

7.2.2.10 Pledging of shares Duly registered shares are not encumbered by any material pledges.

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL