HERMÈS - 2018 Registration document

8

Combined General Meeting of 4 June 2019

Statutory Auditors’ reports

8.4.9 STATUTORY AUDITORS’ REPORT ON THE ISSUE OF SHARES AND/OR MARKETABLE SECURITIES GIVING ACCESS TO THE CAPITAL IN ORDER TO REMUNERATE CONTRIBUTIONS IN KIND (20TH 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. To the Shareholders of Hermès International, In our capacity as Statutory Auditors of your company, and pursuant to the mission provided for by Article L. 228-92 of the French Commercial Code ( Code de commerce ), we present our report on the proposal to delegate authority to the Executive Management to make various issues of shares and/or marketable securities being transactions on which you are asked to make a decision. On the basis of its report and that of the Supervisory Board, your Executive Management proposes that you delegate to it, under the control of the Supervisory Board and the Executive Management Board of Emile Hermès SARL, Active Partner, for a period of twenty-six months with effect from the date of this Meeting, the necessary authority to proceed with the issue on one or more occasions, in such proportions and at such times as it may determine, both in France and abroad and/or on the international market, either in euros or in any other currency or monetary unit established by reference to several currencies, with a view to remunerating contributions in kind made to the company, ordinary shares of the company and/or marketable securities that are equity instruments of the company giving access to other equity instruments and/or to the allocation of debt securities of the company and/or marketable securities representative of a debt claim giving access or liable to give access to equity instruments to be issued. The overall nominal amount of such capital increases as may be carried out immediately or in due course may not, as per the 20 th resolution, exceed 10% of the share capital at the date of this Meeting (individual ceiling), it being specified that the capital increases carried out under this delegation will count towards the common ceiling provided for in the 16 th resolution and corresponding to 40% of the share capital at the date of this Meeting for the 16 th , 17 th , 18 th , 19 th and 20 th resolutions. The overall nominal amount of such debt securities as may be issued may not, as per the 20 th resolution, exceed €1 billion, it being specified that issues made in accordance with this delegation of authority will be recorded under the common ceiling of one billion euros provided for in the 19 th resolution for the 16 th , 17 th , 18 th , 19 th and 20 th resolutions. It is the responsibility of the Executive Management to prepare a report in accordance with Articles R. 225-113 et seq. of the French Commercial Code ( Code de commerce ). It is our responsibility to give an opinion on the true and fair nature of the figures taken from the accounts, the proposal to cancel the preferential subscription right and certain other information given in this report concerning the issue. 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 consisted in verifying the content of the Executive Management report as it relates to this transaction and the methods used to determine the issue price of the equity instruments to be issued. Since this report does not specify the methods used to determine the issue price of the equity securities to be issued in the context of the execution of this resolution, we cannot express an opinion on the choice of elements for calculating the issue price. Inaccordancewith Article L. 225-116of the FrenchCommercial Code ( Codede commerce ), wewill preparea supplementary report, if necessary, upon the use of these delegated powers by your ExecutiveManagement in the event of the issue of marketable securities that are equity instruments giving access to other equity instruments or the right to the allocation of debt securities, in the event of the issue of marketable securities giving access to equity instruments to be issued and in the event of the issue of shares with cancellation of the preferential subscription right.

Neuilly-sur-Seine, 9 April 2019 The Statutory Auditors

PricewaterhouseCoopers Audit

Didier Kling & Associés A member of Grant Thornton

Olivier Auberty

Vincent Frambourt

Guillaume Giné

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL