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21

METHODS FOR HOLDING SHARES

BEING A LVMH SHAREHOLDER

PURE REGISTERED SHARES

Your shares are  registered in your name  and held in the books of LVMH.

However, the administrative management of your shares has been delegated

to CACEIS Corporate Trust, acting as custody account keeper.

CACEIS Corporate Trust is your sole point of  contact for all buy and

sell orders. You may also submit your orders electronically via  the

OLIS-Actionnaire website. You receive notices of meeting for Shareholders Meetings automatically, without having to complete any prior formalities.

A double-voting right is granted to any share held in registered form for more

than three years.

ADMINISTERED REGISTERED SHARES

Your shares are  registered in the books of LVMH, but are  kept in custody by a

financial intermediary of your choice. This financial intermediary is your sole point of

contact and manages your securities account. You submit your buy and sell orders directly to your financial intermediary, who is responsible for executing orders, managing your account, managing the receipt of dividends and sending transaction

notices confirming that orders have been executed. Custodial and management

fees are charged by your financial intermediary. You receive notices of meeting

for Shareholders Meetings automatically, without having to complete any prior

formalities. A double-voting right is granted to any share held in registered form for more than three years.

BEARER SHARES

Your shares are recorded in a securities account held and managed by the authorized financial intermediary of your choice. You submit your buy and sell orders directly to your financial intermediary, who is responsible for

executing orders, managing your account, managing the receipt of dividends

and sending transaction notices confirming that orders have been executed.

Custodial and management fees are charged by your financial intermediary.

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