LOREAL_Registration_Document_2017

L'Oréal’s corporate social, environmental and societal responsibility* STATUTORY AUDITORS' REPORTS

REASONABLE ASSURANCE REPORT OF THE STATUTORY AUDITORS ON A SELECTION 3.5.2. OF CONSOLIDATED HUMAN RESOURCES, SOCIAL, ENVIRONMENTAL, HEALTH AND SAFETY INFORMATION PUBLISHED IN THE MANAGEMENT REPORT This is a free English translation of the Statutory Auditors’ report issued in French and is provided solely for the convenience of English-speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France. For the year ended 31 December 2017 To the Shareholders, In our capacity of Statutory Auditors of L’Oréal (‘the Company’) and on L’Oréal’s request, we carried out verification works aiming at giving a reasonable assurance on a selection of consolidated human resources, social, environmental, health and safety information for the year ended 31 December 2017 published in L’Oréal Management Report. The information selected by L’Oréal is the following: s Human resources information • Total workforce, breakdown of headcount by geographic zone, local managers excluding France (key positions); • Number of countries that have submitted a disability insertion project 2017 and number of countries with a diversity coordinator; • Percentage of brands managed by women, number of entities having been awarded the European label “Gender Equality • European & International Standard” – GEEIS, the label “Economic Dividend for Gender Equality” – EDGE and expecting to be awarded with a label. Social information s Number of social audits carried out during the year and distribution of non-compliances noted by subject audited. • Environmental, health and safety information s Units of finished goods produced, quantity of produced bulk; • CO 2 emissions using “marked-based” and “location based” method, direct and indirect emissions, total energy consumption, • breakdown by energy source (electricity, gas, fuel, steam, other energies), percentage of renewable energy consumed, renewable electricity consumed, refrigerant gas leakages; Total net total water consumption (m3 and l/FG); • Transportable waste excluding returnable packaging in rotation, with returnable packaging accounted at source, returnable • packaging in rotation, treatment of transportable waste linked to activity, waste to landfill, of which for local regulatory constraints, recovery and material recovery rates; Conventional frequency rate, enlarged frequency rate, and severity rate for work accidents. • This information has been prepared under the responsibility of L’Oréal Board of Directors in accordance with the guidelines used by the Company (hereinafter the “Guidelines”) of which a summary appears in the Management Report and that are available upon request from the Operations, Human relations and Corporate Social Responsibility Departments. Based on our work, it is our responsibility to express a conclusion of reasonable assurance on these selected pieces of information. Nature and scope of procedures We performed our work described below in accordance with the professional guidance issued by the French Institute of Statutory s Auditors ( Compagnie nationale des commissaires aux comptes ) relating to this engagement and with the international standard ISAE 3000. We have conducted the following diligences giving a reasonable assurance on the fact that the consolidated human resources, s social, environmental, health and safety information selected by L’Oréal has been presented, in all material aspects, in compliance with the Guidelines used by L’Oréal. We have examined, at Group level, the reporting procedures set up by L’Oréal with regard to their relevance, completeness, s reliability, neutrality and clarity.

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REGISTRATION DOCUMENT / L'ORÉAL 2017

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