L'Oréal - 2018 Registration Document

Stock Market Information Share capital STRUCTURE*

SHAREHOLDER STRUCTURE* 6.3.

SHAREHOLDER STRUCTURE AT 31 DECEMBER 2018

LEGAL ENTITIES OR INDIVIDUALS 6.3.1. ACTING IN CONCERT OVER THE COMPANY TO THE COMPANY’S KNOWLEDGE As the 2004 agreement between the Bettencourt Meyers family (comprising Ms. Françoise Bettencourt Meyers, Mr. Jean-Pierre Meyers, Mr. Jean-Victor Meyers, Mr. Nicolas Meyers and Téthys SAS) and Nestlé S.A. (see ' Shareholders’ agreements relating to shares in the Company’s share capital' below, 6.3.5), these two shareholders are no longer acting in concert as of 21 March 2018. CHANGES IN ALLOCATION 6.3.2. OF THE SHARE CAPITAL AND VOTING RIGHTS OVER THE LAST THREE YEARS Over the last three years, the allocation of the share capital and the voting rights has changed as follows:

33.14% Ms. Françoise

Bettencourt Meyers and her family (1)

23.18% Nestlé S.A. 29.12% International

institutional investors

8.24% French

institutional investors

4.73% Individual shareholders 0.14% Treasury stock

1.45% Employees (2)

[1] Consisting of Ms. Françoise Bettencourt Meyers, Mr. Jean-Pierre Meyers, Mr. Jean-Victor Meyers and Mr. Nicolas Meyers, along with Téthys SAS.

[2] Concerns the employees and former employees of L’Oréal. Pursuant to law no. 2015-990 of 6 August 2015 the percentage also includes the bonus shares granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 0.84% as part of the L’Oréal Employee Savings Plan and employee investment fund as defined by Article L. 225-102 of the French Commercial Code.

31.12.2018

6

31.12.2017

31.12.2016

% of voting rights (4)

Number of shares

% of capital

% of voting rights (4)

Number of shares

% of capital

Number of shares

% of capital

% of voting rights (4)

Mrs Françoise Bettencourt Meyers and her family (1)

185,715,079 129,881,021

33.14 23.18

33.14 185,715,079 33.13 33.13 185,704,089 33.05 23.18 129,881,021 23.17 23.17 129,881,021 23.12

33.05 23.12

Nestlé S.A.

Concert party - until 21 March 2018 (2)

315,596,100 56.30 56.30 315,585,110 56.17

56.17

8,142,675

1.45

1.45 7,304,411 1.30

1.30 6,714,399 1.20

1.20

Employees (3)

Public

235,886,752

42.09

42.09 236,847,452 42.26 42.26 237,798,887 42.32

42.32

Treasury stock

771,125

0.14

0.14 771,125 0.14

0.14 1,757,345 0.31

0.31

TOTAL 100.0 Including, at 31 December 2018, 152,514,292 L’Oréal shares held in absolute ownership by Téthys SAS, a company controlled by Ms. Françoise Bettencourt Meyers and her (1) family, 33,182,455 shares held in absolute ownership by Ms. Françoise Bettencourt Meyers, 15,332 shares held in absolute ownership by Mr. Jean-Pierre Meyers, 1,500 held in absolute ownership by Mr. Jean-Victor Meyers and 1,500 held in absolute ownership by Mr. Nicolas Meyers. The Bettencourt Meyers family and Nestlé S.A. acted in concert until 21 March 2018 (see below “Shareholders' agreements relating to shares in the Company’s share (2) capital”). Concerns the employees and former employees of L’Oréal. Pursuant to law no. 2015-990 of 6 August 2015, since 2016, the percentage also includes the bonus shares (3) granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 0.84% in the L’Oréal Employee Savings Plan (PEE) as defined by Article L. 225-102 of the French Commercial Code. Calculated in accordance with Article 223–11 of the General Regulation of the AMF. (4) 560,396,652 100.0 100.0 560,519,088 100.0 100.0 561,855,741 100.0

This information is an integral part of the Annual Financial Report, as provided for in Article L. 451-1-2 of the French Monetary and Financial Code. *

REGISTRATION DOCUMENT / L'ORÉAL 2018

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