LOREAL_Registration_Document_2017

Stock Market Information Share capital INFORMATION CONCERNING THE SHARE CAPITAL*

Authorisations proposed to the Annual General Meeting of 17 April 2018

Authorisations in force

Date of the Annual General Meeting (resolution no.)

Use of the authorisation in 2017

Resolution No.

Length (expiry date)

Maximum authorised amount

Length Maximum calling

Share capital increases Capital increase through the issue of shares with maintenance of preferential subscription rights Capital increase via the capitalisation of share premiums, reserves, profits or other amounts Capital increase reserved for L'Oréal employees savings plan (PEE)

20 April 2017 (11 th )

None

26 months (20 June 2019) 26 months (20 June 2019) 26 months (20 June 2019)

Increase the share capital to €157,319,607 (1)

20 April 2017 (12 th )

Increase the share capital to €157,319,607 (1)

None

20 April 2017 (13 th )

1% of share capital at the date of the Annual General Meeting ( i.e. a maximum of 5,624,925 shares at 20 April 2017) (2) 1% of share capital at the date of the Annual General Meeting ( i.e. a maximum

None

16 th

26 months (17 June 2020)

1% of share capital on the date of the Annual General Meeting ( i.e. , as an indication, 5,605,190 shares at 31 December 2017) (2) 1% of share capital on the date of the Annual General Meeting ( i.e. , as an indication, 5,605,190 shares at 31 December 2017) (2) 2% of the share capital on the date of the decision to increase the capital ( i.e. , as an indication, 11,210,381 shares at 31 December 2017) 10% of share capital on the date of the buybacks ( i.e. , as an indication, 56,051,908 shares at 31 December 2017) 10% of share capital on the date of cancellation per 24-month period ( i.e. as an indication, 56,051,908 shares at 31 December 2017)

Capital increase reserved for employees of foreign subsidiaries

20 April 2017 (14 th )

18 months (20 October 2018)

None

17 th

18 months (17 October 2019)

of 5,624,925 shares at 20 April 2017) (2)

Share capital increase in order to remunerate the contributions in kind of equity securities or securities giving access to the share capital of third party companies.

26 months (17 June 2020)

N/A

N/A

N/A

N/A

14 th

Buyback by the Company of its own shares Buyback by the Company of its own shares 20 April 2017 (9 th )

12 th

18 months (17 October 2019)

18 months (20 October 2018)

10% of share capital on the date of the buybacks ( i.e. , as an indication, 56,185,574 shares at 31 December 2016) 10% of share capital on the date of cancellation per 24-month period ( i.e. , as an indication, 56,298,334 shares at 31 December 2015)

2,846,604 (3)

6

Reduction in the share capital via cancellation of shares Cancellation of shares purchased by the Company within the 20 April 2016 (14 th )

2,846,604 13 th

26 months (17 June 2020)

26 months (20 June 2018)

scope of Article L. 225-209 of the French Commercial Code Cancellation of shares purchased by the Company within the scope of Article L. 225-208 of the French Commercial Code Free grants of shares Grant of existing free shares or shares to be issued to the employees

26 months (20 June 2018)

13 th

26 months (17 June 2020)

771,125 shares

750,000 shares

None

20 April 2016 (14 th )

20 April 2016 (15 th )

906,000 15 th

26 months (17 June 2020)

0.6% of the share capital on the grant decision date ( i.e. , as an indication, 3,363,114 shares at 31 December 2017)

26 months (20 June 2018)

0.6% of the share capital on the grant decision date ( i.e. , as an indication, 3,377,900 shares at 31 December 2015)

Total ceiling on capital increases, for all authorisations. It corresponds to maximum increases of 40% of the capital. (1) The cumulative amount of the increases in share capital that may be carried out pursuant to the 16th and 17th resolutions submitted for a vote of the Annual General Meeting (2) on 17 April 2018 may not exceed the maximum amount of 1% of the share capital which constitutes a ceiling which applies jointly to the 13th and 14th resolutions adopted by the Annual General Meeting of 20 April 2017. It should be noted that the buyback transactions in February and March 2017 were completed under the authorisation granted by the Annual General Meeting of 20 April (3) 2016, which expired on 20 October 2017.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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