HERMÈS - 2019 Universal Registration Document

8

COMBINED GENERAL MEETING OF 24 APRIL 2020 STATUTORY AUDITORS’ REPORTS

STATUTORY AUDITORS’ REPORT ON THE AUTHORIZATION TO ALLOCATE FREE EXISTING SHARES (NINETEENTH RESOLUTION) This is a free translation into English of the Statutory Auditors’ report issued in French and is provided solely for the convenience of English speaking readers. This report includes information specifically required by European regulations or French law. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France. 8.4.7

To the Shareholders,

capital, this sub-limit being offset against the 2% limit common to the delegations granted in the eighteenth and nineteenth resolutions. It is the responsibility of Executive Management to draw up a report on this operation which it wishes to perform. It is our responsibility to notify you, where appropriate, of our comments on the information provided to you in connection with the proposed operation. We have carried out the procedures we considered necessary for this task in accordance with the professional standards of the French National Institute of Statutory Auditors ( Compagnie Nationale des Commissaires aux Comptes ) regarding this assignment. These procedures specifically consisted of checking that the methods proposed and set out in the Executive Management’s report fall within the framework of provisions laid down by law. We have no comments to make as regards the information given in the Executive Management’s report relating to the proposed operation to authorise the allocation of free shares.

In our capacity as Statutory Auditors of your company, and pursuant to the mission provided for by Articles L. 225-197-1 of the French Commercial Code ( Code de commerce ), we present our report on the authorisation to allocate free existing shares in favour of the employees and/or Corporate Officers of your company and of those companies or groups related to it pursuant to the conditions referred to in Article L. 225-197-2 of the French Commercial Code ( Code de commerce ), or to some or certain categories thereof, being an operation on which you are asked to make a decision. Your Executive Management recommends, based on its report, that for a period of thirty-eight months from the date of this meeting, you authorise it to allocate free existing shares, on one or more occasions. The maximum percentage of free shares that may be allocated to the Executive Chairmen under this resolution shall be 0.05% of the share

Neuilly-sur-Seine, 4 March 2020 The Statutory Auditors

PricewaterhouseCoopers Audit

Didier Kling & Associés A member of Grant Thornton

Olivier Auberty

Vincent Frambourt

Guillaume Giné

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

444