LOREAL_Registration_Document_2017

Appendix TABLE OF CONCORDANCE OF THE MANAGEMENT REPORT

TABLE OF CONCORDANCE OF THEMANAGEMENT 8.8. REPORT

In order to review the elements of the Management Report, the following thematic table makes it possible to identify the main information provided for by Articles L. 225-100 et seq. , L. 232-1 and R. 225-102 et seq. of the French Commercial Code and the specific section of the Annual Report related to the corporate governance pursuant to articles L. 225-37, al 6 et seq. of the French Commercial Code.

Pages

Headings of the 2017 Management Report

The Group’s situation and business activities in 2017 Comments on the financial year Analysis of changes in the business, results and financial situation of the Company and the Group (including in particular the dividends distributed in respect of the three previous financial years and the amount of revenues eligible for the tax deduction on dividends)

25-33, 343-344

Significant events that have occurred since the beginning of 2017 and prospects

33-34 15-18 18-24

Research and development

Operations

Parent company financial statements Net sales

286, 294, 310

L’Oréal parent company balance sheet and income statement

286-287

Expenses and charges falling under Article 223 quater of the French Tax Code

309 309 310

Trade accounts payable and customers debt

Five-year financial summary Subsidiaries and holdings

306-308, 311

Risk factors Business risks

121-125 126-127

Legal risks (challenges and constraints linked to the legislation, significant disputes…)

Industrial and environmental risks

128 129 129 129

Counterparty risk Customer risks

Liquidity risk

Financial and market risks

130-131 131-132

Insurance

Internal monitorig and risk management Key features of the internal monitoring and risk management procedures related to the production and processing of financial and accounting information Vigilance Plan

112

Corporate governance Choice of organisation of the General Management

47-48

Limitations placed by the Board of Directors of the powers of the CEO

75

Board of Directors composition, conditions governing the preparation and organisation of the Board's work List of offices and directorships held by each of the corporate officers in any company during the financial year

49-60, 66-68

8

49-60

Remuneration of the executive officers

84-103

Stock options granted to and exercised by the executive officers Commitments made with regard to the executive officers

102-103, 329-330

92-95

Summary of trading by Directors and executive officers and their closely related parties in L’Oréal shares in 2017

103 321

Summary table of the outstanding delegations given to the Board of Directors by the Annual General meeting relating to capital increase

Description and application of the principle of balanced gender representation on the Board in 2017

61-63, 66

Provisions of the AFEP-MEDEF Code not applied and reasons for that choice Special rules for shareholder participation in the Annual General meeting

104

320, 342 323-326

Elements with the potential to have an impact in the event of a public offer for the purchase or exchange of L'Oréal's securities

Information on social, environmental and societal commitments Information relating to employee issues and social consequences of L’Oréal’s business activities

138-156 156-158 159-181

Environmental information

Information relating to societal commitments in favour of Sustainable Development Information concerning the share capital Statutory requirements governing changes in the share capital and shareholders’ rights

320

Structure and changes in the share capital ( including the table summarising the authorisations in force granted by the Annual General Meeting with regard to share capital increases )

321-323

Changes in allocation of the share capital and voting rights over the last three years

323

REGISTRATION DOCUMENT / L'ORÉAL 2017

373