HERMÈS - 2018 Registration document

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Parent company financial statements Statutory auditors’ report on the annual financial statements

How our audit addressed this risk Based on the information we were provided, our work largely consisted in: s s assessing the processes implemented by the Company used to determine the valuation of equity investments; s s checking that the criteria used by the management to determine the valuation were appropriate and any impairment arising was calculated cor- rectly; and s s checking recordedequitymatchedwithannual financial statements of entities concerned, especially for valuations basedonhistorical information. In addition to assessing valuation of equity investment, we also verified, when appropriate, that a contingency provision is recognised if the company was committed to support the losses of a subsidiary with negative equity.

SPECIFIC VERIFICATIONS

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We have also performed, in accordance with professional standards applicable in France, the specific verifications required by legislation and regulations.

Information given in the management report and in the other documents provided to shareholders with respect to the financial position and the annual financial statements We have no matters to report as to the fair presentation and the consistency with the financial statements of the information given in themanagement report of the Executive Management and in the other documents provided to the shareholders with respect to the financial position and the annual financial statements. We attest to the fair presentation and the consistency with the annual financial statements of the information relating to payment deadlinesmentioned in Article D. 441-4 of the French Commercial Code ( Code de commerce ). We attest that the statement of non-financial performance provided for in Article L. 225-102-1 of the French Commercial Code ( Code de commerce ) is included in the management report. However, in accordance with Article L. 823-10 of the French Commercial Code ( Code de commerce ), we have not verified the fair presentation and consistency with the annual financial statements of the information given in that statement, which will be the subject of a report by an independent third party. Information relating to corporate governance We attest that the Supervisory Board’s report on corporate governance sets out the information required by Articles L. 225-37-3 and L. 225-37-4 of the French Commercial Code. Concerning the information given in accordance with the requirements of Article L. 225-37-3 of the French Commercial Code ( Code de commerce ) relating to remunerations and benefits received by the directors and any other commitmentsmade in their favour, we have verified its consistency with the financial statements, or with the underlying information used to prepare these financial statements and, where applicable, with the information obtained by your company from controlling and controlled companies. Based on these procedures, we attest the accuracy and fair presentation of this information. With respect to the information relating to items that your company considered likely to have an impact in the event of a public purchase or exchange offer, provided pursuant to Article L. 225-37-5 of the French Commercial Code ( Code de commerce ), we have verified their compliance with the source documents communicated to us. Based on our work, we have no observations to make on this information. Other information In accordance with French law, we have verified that the required information concerning the identity of the shareholders or holders of the voting rights has been properly disclosed in the management report.

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL