L'Oréal - 2018 Registration Document

4 2018 Consolidated Financial Statements NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Equity – Earnings per share NOTE 11

Share capital and additional paid 11.1. in capital Share capital consisted of 560,396,652 shares with a par value of €0.20 at 31 December 2018, following the exercise of subscription options for 919,474 shares and 993,765 free shares, the cancellation of 2,497,814 shares and the Employee Shareholding Plan for 462,139 shares.

Share capital consisted of 560,519,088 shares with a par value of €0.20 at 31 December 2017, following the exercise of subscription options for 1,509,576 shares and 375 free shares and the cancellation of 2,846,604 shares. Share capital consisted of 561,855,741 shares with a par value of €0.20 at 31 December 2016, following the exercise of subscription options for 6,255 shares and 1,231,570 free shares and the cancellation of 3,202,500 shares.

Treasury stock 11.2.

ACCOUNTING PRINCIPLES

Treasury stock net of tax are charged directly to equity and do not contribute to profit for the financial year.

Treasury stock is recorded at acquisition cost and deducted from equity. Capital gains/losses on disposal of

2018 a) The change in the number of shares in 2018 is as follows:

Common shares outstanding 559,747,963 2,375,378 -2,497,814 559,625,527

Share capital 560,519,088

Treasury stock

In shares

AT 01.01.2018 Shares cancelled

-771,125 2,497,814

-2,497,814 2,375,378

Options and free shares exercised

Treasury stock purchased

-2,497,814 -771,125

AT 31.12.2018

560,396,652

The change in Treasury stock in 2018 is as follows:

Allocated to stock option/ free-share plans

Total

Buyback programme

€ millions

In shares

AT 01.01.2018 Shares cancelled

771,125

771,125

56.5

-2,497,814

-2,497,814

Options and free shares exercised Treasury stock purchased

2,497,814

2,497,814

AT 31.12.2018

-

771,125

771,125

56.5

-

56.5

56.5

€ millions

REGISTRATION DOCUMENT / L'ORÉAL 2018

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