“WE ARE DEEPLY COMMITTED TO DOING THE RIGHT THING. WE ALSO WANT OUR EMPLOYEES TO COME TO WORK EVERY DAY BEING PROUD TO BE WORKING FOR A COMPANY WITH FUNDAMENTAL VALUES OF UNCOMPROMISING INTEGRITY, RESPECT, AND RESPONSIBILITY FOR THEIR COLLEAGUES, THEIR BUSINESS PARTNERS, AND THE COMMUNITIES IN WHICH WE OPERATE.” — SARAH FRANCOIS-PONCET GLOBAL GENERAL COUNSEL LEGAL COMPLIANCE AND ETHICS Protecting our reputation is the responsibility of every employee. Each of them is expected to act with uncompromised integrity so that others will know they can trust us and have confidence in our authenticity and fairness. CHANEL wants to be recognized as a company that honors its commitments, respects other business players, is a reliable business partner, and is an icon of unsurpassed excellence. We are also strongly committed to conducting business in compliance with applicable laws, rules, and regulations in all markets in which we operate. GOVERNANCE FOR RESPONSIBILIT Y AND SUSTAINABILIT Y Our standards and principles, including those that apply to the personal conduct of our employees, are exceptionally high. All employees are expected to reflect our fundamental values of uncompromising integrity, respect, and responsibility in performing their professional duties. These global ethical values apply to how we conduct our business and comply with applicable laws, rules, and regulations. REPORT TO SOCIETY