L'Oréal - 2018 Registration Document

Corporate Governance REMUNERATION OF THE EXECUTIVE OFFICERS

HISTORY OF CONDITIONAL GRANTS OF SHARES TO MR JEAN-PAUL AGON SINCE HIS APPOINTMENT AS AN EXECUTIVE OFFICER

First possible date of sale of a portion of them (4)

Date of final vesting of all or part of the ACAs

Grant value (IFRS fair value)

Number of shares definitively vested

Number of ACAs granted

Performance conditions (3)

Grant date

17 April 2012 (1) 26 April 2013 (1) 17 avril 2014 (1) 22 April 2015 (1) 20 April 2016 (2) 20 April 2017 (2) 17 April 2018 (2)

50,000 40,000 40,000 32,000 32,000 32,000 30,000

Yes Yes Yes Yes Yes Yes Yes

3,853,500 4,494,800 4,183,200 5,167,680 4,938,240 5,340,800 5,285,100

18 April 2016 50,000 27 April 2017 40,000 18 April 2018 40,000 23 April 2019 26,432 21 April 2020 NA 21 April 2021 NA 18 April 2022 NA

18 April 2018 27 April 2019 18 April 2020 23 April 2021 21 April 2020 21 April 2021

2

18 April 2022 At the end of the vesting period, Mr Jean-Paul Agon, as a French resident on the date of granting of the shares, is required to hold the shares definitively vested for him for an (1) additional 2-year period during which the shares cannot be disposed of. The 20 April 2016, 20 April 2017 and 17 April 2018 Plans set a four-year vesting period, but do not provide for any holding period. (2) See the performance conditions in chapter 6 of this document. (3) Mr Jean-Paul Agon, as executive officer, must hold 50% of the shares that finally vest in registered form until the end of his term of office as Chairman and Chief Executive (4) Officer of L’Oréal. Mr Jean-Paul Agon has undertaken not to enter into any risk hedging transactions.

TABLE OF PERFORMANCE SHARES THAT BECAME AVAILABLE DURING THE 2018 FINANCIAL YEAR FOR EACH EXECUTIVE OFFICER

Date of final vesting of all or part of the ACAs 18 April 2016

First possible date of sale of a portion of them

Number of ACAs granted

Grant value (IFRS fair value)

Grant date

17 April 2012 (1) 18 April 2018 Mr Jean-Paul Agon, as executive officer, must hold 50% of the shares that finally vest in registered form until the end of his term of office as Chairman and Chief Executive (1) Officer of L’Oréal. Mr Jean-Paul Agon has undertaken not to enter into any risk hedging transactions. 50,000 3,853,500

REGISTRATION DOCUMENT / L'ORÉAL 2018

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