L'Oréal - 2018 Registration Document

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

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 (€)

31.12.2013 05.05.2014

Purchase of 117 shares at €127.70

14,940.90

117 117 120 120 122 122 125 125 128 128 131

Dividend: €2.50 per share

292.50

Reinvestment: purchase of 3 shares at €123.90

371.70

07.05.2015

Dividend: €2.70 per share

324.00

Reinvestment: purchase of 2 shares at €168.60

337.20

03.05.2016

Dividend: €3.10 per share

378.20

Reinvestment: purchase of 3 shares at €157.80

473.40

03.05.2017

Dividend: €3.30 per share

412.50

Reinvestment: purchase of 3 shares at €184.55

553.65

27.04.2018

Dividend: €3.55 per share

454.40

Reinvestment: purchase of 3 shares at €196.90

590.70

TOTAL

17,267.55 15,405.95

1,861.60

TOTAL NET INVESTMENT

Portfolio value at 31.12.2018 (131 shares at €201.20, price at 31.12.2018): €26,357.20 The initial capital has thus been multiplied by 1.8 over 5 years (5-year inflation rate = 3.35% – Source INSEE) and the final capital is 1,7 times the total net investment.

The Total Shareholder Return of the investment is thus 11.51% per year (assuming that the shares are sold on 31 December 2018, excluding tax on capital gains). Note: 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 2018

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