Hermès - Registration Document 2016

8

COMBINED GENERAL MEETING OF 6 JUNE 2017

PURPOSE AND DRAFT RESOLUTIONS

This resolution would allow the Company to benefit from any opportunities that could potentially include an investor or economic, trading or financial partner with the attribute of qualified investor in the Company’s share capital. The issue price would be equal to or higher than the weighted average of the prices of the last three stock market trading days preceding the issue, reduced by a maximum discount of 5% if need be. On page 313, you will find the Statutory Auditors’ report on the 22nd resolution. For the twenty-third resolution, we ask you to delegate to the ExecutiveManagement, under the terms and conditions stipulated by the provisions of Articles L. 225-129 et seq., particularly Article L. 225-147 of the French Commercial Code (Code de commerce), and with the oversight of the Company’s Supervisory Board and of the Executive Management Board of Émile Hermès SARL, Active Partner, the authority for the purpose of issuing shares and/or securities carrying rights to the share capital, with elimination of preferential subscription rights, in order to pay for the contributions in kind granted to the Company, within the limits described herein below. This resolutionwould enable the Company to benefit fromany opportunities in order to carry out external growth transactions in France or abroad, or to buy back minority investments in subsidiaries and associates within the Group with no impact on the Company’s cash, and within the limit of 10% of the share capital. On page 314, you will find the Statutory Auditors’ report on the 23rd resolution. Considering the volumes of awarded shares that aremuch lower than the total allowance authorised by the shareholders during the Extraordinary General Meeting of 31May 2016, you are not asked to renew the financial delegations of authority relating to the award of stock options or bonus shares that are valid until 31 July 2019 (within the limits of the total allowance granted). Limits The individual and common limits of financial delegations of authority that you are being asked to grant to the Executive Management are as follows:

Individual limit of each delegation Common limit to several delegations Maximum par value likely to be issued immediately and/or over time

Resolutions

Equity securities

% of the share capital on the date of the General Meeting

18th (capital increase by capitalisation of reserves)

40% 40% 40%

n/a

19th (issue with continuation of preferential subscription rights)

20th (issue without preferential subscription rights)

21st (capital increase reserved for members of a company or group savings plan)

1%

40%

22nd (issue by private placement)

20% per year

23rd (issue in order to compensate contributions in kind)

10%

Debt securities

Maximum par value

19th (issue with continuation of preferential subscription rights)

€1,000 million €1,000 million €1,000 million €1,000 million

20th (issue without preferential subscription rights)

€1,000 million

22nd (issue by private placement)

23rd (issue in order to compensate contributions in kind)

Duration of the delegations These delegations would be valid for 26 months from the date of the General Meeting.

Eighteenth resolution: Delegation of authority to the Executive Management to increase the share capital by capitalisation of reserves, profits and/or share premiums and allocation of free shares, and/or increasing the par value of existing shares The General Meeting, acting in accordance with Articles L. 225-129-2 and L. 225-130 of the French Commercial Code (Code de commerce), under the quorumandmajority requirements applicable to Extraordinary General Meetings, having reviewed the Executive Management’s report and the Supervisory Board’s report: 1) delegates to the Executive Management, with the oversight of the Company’s Supervisory Board and of the Executive Management

Board of ÉmileHermès SARL, Active Partner, the authority to increase the share capital, on one or more occasions, according to the proce- dures and at the times it so decides, by successive or simultaneous incorporation into the share capital of all or part of the reserves, profits or share, merger or contribution premiums, to be carried out through the creation and allocation of free shares or through an increase in the par value of the existing shares, or through the com- bined use of these two procedures; 2) resolves that in case of a capital increase that gives rise to the allo- cation of new bonus shares, the bonus shares that are awarded in proportion to old shares eligible for double voting rights will be eligible for this right upon their issue;

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL