LOREAL_Registration_Document_2017

Corporate governance * SUMMARY STATEMENT OF TRADING BY EXECUTIVE OFFICERS IN L’ORÉAL SHARES IN 2017

HISTORY OF CONDITIONAL GRANTS OF SHARES TO MR JEAN-PAUL AGON SINCE HIS APPOINTMENT AS AN EXECUTIVE OFFICER

Date of final vesting of all or part of the ACAs

First possible date of sale of a portion of them

Number of ACAs granted

Performance conditions (3)

Grant value (IFRS fair value)

Grant date

17 April 2012 (1) 26 April 2013 (1) 17 April 2014 (1) 22 April 2015 (1) 20 April 2016 (2) 20 April 2017 (2)

50,000 40,000 40,000 32,000 32,000 32,000

Yes Yes Yes Yes Yes Yes

3,853,500 4,494,800 4,183,200 5,167,680 4,938,240 5,340,800

18 April 2016 27 April 2017 18 April 2018 23 April 2019 21 April 2020 21 April 2021

18 April 2018 27 April 2019 18 April 2020 23 April 2021 21 April 2020

2

21 April 2021 At the end of the vesting period, Mr Jean-Paul Agon, as a French resident on the date of granting of the shares, is required to hold the shares definitively vested for him for an (1) additional 2-year period during which the shares cannot be disposed of. The 20 April 2016 and 20 April 2017 Plans set a four-year vesting period, but do not provide for any holding period. (2) See the performance conditions in chapter 6 of this document. (3)

TABLE OF PERFORMANCE SHARES THAT BECAME AVAILABLE DURING THE FINANCIAL YEAR FOR EACH EXECUTIVE OFFICER

The 50,000 performance shares granted to Mr Jean-Paul Agon and permanently vested on 18 April 2016 are subject to a two-year s holding period, i.e. until 18 April 2018. The 40,000 performance shares granted to Mr Jean-Paul Agon and permanently vested on 27 April 2017 are subject to a two-year s holding period, i.e. until 27 April 2019. Mr Jean-Paul Agon, as an executive officer, will hold 50% of the shares that finally vest in registered form until the end of his term of office as Chairman and Chief Executive Officer of L’Oréal. Mr Jean-Paul Agon has undertaken not to enter into any risk hedging transactions.

SUMMARY STATEMENT OF TRADING BY EXECUTIVE 2.6. OFFICERS IN L’ORÉAL SHARES IN 2017

(Article 223-26 of the General Regulation of the Autorité des Marchés Financiers )

Description of the financial instrument

Person concerned

Nature of transaction Number of transactions

Total amount

Jean-Paul Agon, Chairman and Chief Executive Officer

Exercise of options under the SO plan of

30/11/2007 Exercise of stock options

4 7

€32,081,000.00 €8,363,449.00

Shares

Sale

Béatrice Guillaume-Grabish Director

Shares

Acquisition

1

€69,200.00

Eileen Naughton Director

L’Oréal American Depositary Receipt

Acquisition

1

US$25,384.23

REGISTRATION DOCUMENT / L'ORÉAL 2017

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