LOREAL_Registration_Document_2017

Stock Market Information Share capital SHAREHOLDER STRUCTURE*

SHAREHOLDER STRUCTURE* 6.3.

SHAREHOLDER STRUCTURE AT 31 DECEMBER 2017

LEGAL ENTITIES OR INDIVIDUALS 6.3.1. ACTING IN CONCERT OVER THE COMPANY TO THE COMPANY’S KNOWLEDGE The Bettencourt Meyers family, on the one hand, and Nestlé S.A., on the other hand, are shareholders of the Company and have declared that they are acting in concert (see the sections 6.3.2 and 6.3.5 below Changes in allocation of the share capital and voting rights over the last three years and Shareholders’ agreements relating to shares in the Company ’ s share capital ).

French institutional investors Individual shareholders Treasury stock Mrs Françoise Bettencourt Meyers and her family (1) Nestlé S.A. International institutional investors

33.13%

23.17% 29.28%

8.24%

4.74%

0.14% 1.30%

Employees (2)

Consisting of Mrs. Françoise Bettencourt Meyers, Mr. Jean-Pierre Meyers, (1) Mr. Jean-Victor Meyers and Mr. Nicolas Meyers, succeeding Mrs. Liliane Bettencourt, and Téthys SAS. Concerns the employees and former employees of L’Oréal. Pursuant to law (2) No. 2015-990 of 6 August 2015, the percentage also includes, in 2017, bonus shares granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 0.77% in the L’Oréal employee savings plan (PEE) as defined by Article L. 225-102 of the French Commercial Code.

CHANGES IN ALLOCATION OF THE SHARE CAPITAL AND VOTING RIGHTS OVER 6.3.2. THE LAST THREE YEARS Over the last three years, the allocation of the share capital and the voting rights has changed as follows:

6

31.12.2017

31.12.2016

31.12.2015

% of voting rights (4)

Number of shares

% of capital

Number of shares

% of capital

% of voting rights (4)

Number of shares

% of capital

% of voting rights (4)

Mrs. Françoise Bettencourt Meyers and her family (1)

185,715,079 129,881,021 315,596,100

33.13 23.17 56.30

33.13 185,704,089 23.17 129,881,021 56.30 315,585,110

33.05 23.12 56.17

33.05 185,704,089 23.12 129,881,021 56.17 315,585,110

32.99 23.07 56.06

32.99 23.07 56.06

Nestlé S.A.

Concert party (2) Employees (3)

7,304,411

1.30

1.30

6,714,399

1.20

1.20

4,628,294

0.82

0.82

Public

236,847,452

42.26

42.26 237,798,887

42.32

42.32 239,774,774

42.59

42.59

Treasury stock

771,125

0.14

0.14

1,757,345

0.31

0.31

2,995,170

0.53

0.53

TOTAL 560,519,088 100.0 100.0 561,855,741 100.0 100.0 562,983,348 100.0 100.0 Including, at 31 December 2017, 152,514,292 L’Oréal shares held in absolute ownership by Téthys SAS, a company controlled by the Bettencourt Meyers family, (1) 33,165,832 shares held in absolute ownership by Mrs. Françoise Bettencourt Meyers, 15,332 held in absolute ownership by Mr. Jean-Pierre Meyers, 1,500 held in absolute ownership by Mr. Jean-Victor Meyers, 1,500 held in absolute ownership by Mr. Nicolas Meyers, and 16,623 shares related to the estate of Mrs. Liliane Bettencourt. The Bettencourt Meyers family and Nestlé S.A. act in concert (see “Shareholders’ agreements relating to shares in the Company’s share capital” below). (2) Concerns the employees and former employees of L’Oréal. Pursuant to law No. 2015-990 of 6 August 2015, the percentage also includes, in 2017, bonus shares granted in (3) accordance with Article L. 225-197-1 of the French Commercial Code. Of which 0.77% 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) To the Company’s knowledge, at 31 December 2017, the members of the Executive Committee held less than 1% of the share capital. The number of shares held by each of the members of the Board of Directors is shown in the information sheets on the Directors set out in chapter 2 of this document. The Company is authorised to trade in its own shares on or off the Stock Exchange in accordance with Articles L. 225-209 et seq. of the French Commercial Code, within the limits and in

accordance with the purposes defined by the authorisations that are granted to it by its Annual General Meeting. At 31 December 2017, the Company held, on this basis, 771,125 of its own shares (representing 0.14% of the share capital), which, valued at their purchase price, represented €56.5 million in L’Oréal S.A.’s financial statements. None of these shares is allocated to covering the stock option plans for the purchase of shares allocated to employees and executive officers of Group companies that have not yet expired or to covering a conditional employee share plan.

* This information forms an integral part of the Annual Financial Report as provided in Article L. 451-1-2 of the French Monetary and Financial Code with the exception of section 6.3.5.5 subsequent to the approval of the Report.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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