L'Oréal - 2018 Registration Document

6 Stock Market Information Share capital THE L’ORÉAL SHARE/L’ORÉAL SHARE MARKET

20-year evolution of a portfolio of approximately €15,000 invested in L’Oréal shares with 6.5.2.2.3. reinvestment of dividends and share attribution rights

Number of shares after the transaction

Date of transaction Nature of transaction

Investment (€)

Income (€)

31.12.1998 15.06.1999

Purchase of 24 shares at €615.89

14,781.36

24 24 25 25 26

Dividend: €2.82 per share

67.69

Reinvestment: purchase of 1 share at €586.50

586.50

15.06.2000

Dividend: €3.40 per share

85.00

Reinvestment: purchase of 1 share at €825.00

825.00

03.07.2000 08.06.2001

Ten-for-one share split Dividend: €0.44 per share

260 260 262 262 264 264 267 267 271 271 275 275 279 279 283 283 289 289 298 298 304 304 311 311 318 318 324 324 331 331 337 337 344 344 351 351 358

114.40

Reinvestment: purchase of 2 shares at €78.15

156.30

04.06.2002

Dividend: €0.54 per share

141.48

Reinvestment: purchase of 2 shares at €74.95

149.90

27.05.2003

Dividend: €0.64 per share

168.96

Reinvestment: purchase of 3 shares at €61.10

183.30

14.05.2004

Dividend: €0.73 per share

194.91

Reinvestment: purchase of 4 shares at €63.65

254.60

11.05.2005

Dividend: €0.82 per share

222.22

Reinvestment: purchase of 4 shares at €56.50

226.00

10.05.2006

Dividend: €1.00 per share

275.00

Reinvestment: purchase of 4 shares at €72.65

290.60

03.05.2007

Dividend: €1.18 per share

329.22

Reinvestment: purchase of 4 shares at €86.67

346.68

30.04.2008

Dividend: €1.38 per share

390.54

Reinvestment: purchase of 6 shares at €76.21

457.26

24.04.2009

Dividend: €1.44 per share

416.16

Reinvestment: purchase of 9 shares at €52.02

468.14

05.05.2010

Dividend: €1.50 per share

447.00

Reinvestment: purchase of 6 shares at €76.77

460.62

04.05.2011

Dividend: €1.80 per share

547.20

Reinvestment: purchase of 7 shares at €85.79

600.53

03.05.2012

Dividend: €2.00 per share

622.00

Reinvestment: purchase of 7 shares at €92.84

649.88

10.05.2013

Dividend: €2.30 per share

731.40

Reinvestment: purchase of 6 shares at €134.05

804.30

05.05.2014

Dividend: €2.50 per share

810.00

Reinvestment: purchase of 7 shares at €123.90

867.30

07.05.2015

Dividend: €2.70 per share

893.70

Reinvestment: purchase of 6 shares at €168.60

1,011.60

03.05.2016

Dividend: €3.10 per share

1,044.70

Reinvestment: purchase of 7 shares at €157.80

1,104.60

03.05.2017

Dividend: €3.30 per share

1,135.20

Reinvestment: purchase of 7 shares at €184.55

1,291.85

27.04.2018

Dividend: €3.55 per share

1,246.05

Reinvestment: purchase of 7 shares at €196.90

1,378.30 26,894.62 17,011.87

TOTAL

9,882.83

TOTAL NET INVESTMENT

Portfolio value at 31.12.2018 (358 shares at €201.20, price at 31.12.2018): €72,029.60 The initial capital has thus been multiplied by 4.87 over 20 years (20-year inflation rate = 27.9% – Source INSEE) and the final capital is 4.23 times the total net investment. The Total Shareholder Return of the investment is thus 7.70% per year (assuming that the shares are sold on 31 December 2018, excluding tax on capital gains).

NOTE: Any income tax that may be paid by the investor as a result of the successive dividend payments is not taken into account. Dividends 6.5.2.3. The limitation period for dividends is five years. Any dividends for which payment has not been requested are paid to the Caisse des Dépôts et Consignations .

REGISTRATION DOCUMENT / L'ORÉAL 2018

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