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