LOREAL_Registration_Document_2017

Stock Market Information Share capital LONG-TERM INCENTIVE PLANS *

Tables monitoring performance conditions for the ACAs plans that are currently in 6.4.3.6. progress ACAs plan of 22 April 2015 2016 2017 2018 50% growth in comparable cosmetics sales as compared to that of a panel of competitors* +1.8 points (+4.9%/+3.1%) +0.4 point (+4.8%/+4.4%) to come 50% growth in the Group’s operating profit +3.5% (4,387.7/4,539.9) +3.0% (4,539.9/4,676.3) to come Panel of competitors: Unilever, Procter & Gamble, Estée Lauder, Shiseido, Beiersdorf, Johnson & Johnson, Henkel, LVMH, Kao and Coty. *

ACAs plan of 20 April 2016

2017

2018

2019

+0.4 point (+4.8%/+ 4.4%) +3.0% (4,539.9/4,676.3)

50% growth in comparable cosmetics sales as compared to that of a panel of competitors*

to come

to come

50% growth in the Group’s operating profit

to come

to come

Panel of competitors: Unilever, Procter & Gamble, Estée Lauder, Shiseido, Beiersdorf, Johnson & Johnson, Henkel, LVMH, Kao and Coty. *

ACAs plan of 20 April 2017

2018

2019

2020

50% growth in comparable cosmetics sales as compared to that of a panel of competitors*

to come

to come

to come

50% growth in the Group’s operating profit

to come

to come

to come

Panel of competitors: Unilever, Procter & Gamble, Estée Lauder, Shiseido, Beiersdorf, Johnson & Johnson, Henkel, LVMH, Kao and Coty. *

RENEWAL OF THE AUTHORISATION FOR THE CONDITIONAL GRANT OF SHARES 6.4.4. SUBMITTED TO THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF 17 APRIL 2018

The authorisation granted by the Annual General Meeting on 20 April 2016 to the Board Directors to grant free shares to Group employees and certain executive officers expires in 2018.

A new authorisation will be submitted to the Annual General Meeting on 17 April 2018. See resolution no. 15 in chapter 7.

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REGISTRATION DOCUMENT / L'ORÉAL 2017

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