LOREAL_Registration_Document_2017

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

CHANGE IN THE L’ORÉAL SHARE PRICE COMPARED TO THE CAC 40 INDEX FROM 1 JANUARY 2009 TO 28 FEBRUARY 2018

L’Oréal

CAC 40 rebased on L’Oréal

200

€177.05

180

+ 184.2 %

160

140

120

+ 65.3 % 5,320.49

100

80

€62.30 — 3,217.97 —

60

40

01/01/09

01/04/09

01/07/09

01/10/09

01/01/10

01/04/10

01/07/10

01/10/10

01/01/11

01/04/11

01/07/11

01/10/11

01/01/12

01/04/12

01/07/12

01/10/12

01/01/13

01/04/13

01/07/13

01/10/13

01/01/14

01/04/14

01/07/14

01/10/14

01/01/15

01/04/15

01/07/15

01/10/15

01/01/16

01/04/16

01/07/16

01/10/16

01/01/17

01/04/17

01/07/17

01/10/17

01/10/18

28/02/18

Total shareholder return 6.5.2.2. Amongst the various economic and financial indicators used synthetic measurement that takes into account not only the to measure value creation, L’Oréal has chosen to apply the value of the share but also the dividend income received criterion of Total Shareholder Return (TSR). This indicator is a (excluding tax credits before 1 January 2005).

Five-year evolution of a portfolio of approximately €15,000 invested in L’Oréal shares with 6.5.2.2.1. reinvestment of dividends

Number of shares after the transaction

Date of transaction Nature of transaction

Investment (€)

Income (€)

31.12.2012 10.05.2013

Purchase of 143 shares at €104.90

15,000.70

143 143 146 146 149 149 152 152 155 155 158

Dividend: €2.30 per share

328.90

Reinvestment: purchase of 3 shares at €134.05

402.15

05.05.2014

Dividend: €2.50 per share

365.00

Reinvestment: purchase of 3 shares at €123.90

371.70

07.05.2015

Dividend: €2.70 per share

402.30

Reinvestment: purchase of 3 shares at €168.60

505.80

03.05.2016

Dividend: €3.10 per share

471.20

Reinvestment: purchase of 3 shares at €157.80

473.40

03.05.2017

Dividend: €3.30 per share

511.50

Reinvestment: purchase of 3 shares at €184.55

553.65

TOTAL

17,307.40 15,228.50

2,078.90

TOTAL NET INVESTMENT

Portfolio value at 31.12.2017 (158 shares at €184.95, share price at 31.12.2017): €29,222.10 The initial capital has thus been multiplied by 1.9 over 5 years (5-year inflation rate = 2.97% – Source INSEE) and the final capital is 1.9 times the total net investment.

The Total Shareholder Return of the investment is thus 14% per year (assuming that the shares are sold on 31 December 2017, excluding tax on capital gains). NOTA: Any income tax that may be paid by the investor as a result of the successive dividend payments is not taken into account.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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