LOREAL_Registration_Document_2017

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Corporate governance *

Framework for the 2.1.

Remuneration of the executive 2.5. officers

implementation of corporate governance principles

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Report on the principles and criteria for the 2.5.1. determination, allocation and distribution of the remuneration applicable to the executive officers, in respect of their corporate office, as provided for by article L. 225-37-2 of the French Commercial Code 86 Termination indemnities and pension 2.5.2. scheme 92 Procedure for setting the remuneration of the 2.5.3. executive officer 95 Remuneration of the chairman and Chief 2.5.4. Execuve Officer due or allocated with respect to 2017 98 Summary statement of trading by 2.6. executive officers in L’Oréal shares in 2017 103 Summary table of the 2.7. recommendations of the AFEP-MEDEF Code which have not been applied 104 Risk factors and control 2.8. environment 105 Definition and objectives of Internal Control 2.8.1. 105 Components of the Internal Control and risk 2.8.2. management system 105 System relating to the preparation and 2.8.3. processing of financial and accounting information 110 Vigilance plan 2.8.4. 112 Risk factors and risk management 2.8.5. 119 Statutory Auditors’ Reports 2.9. 133 Statutory Auditors' Special Report on regulated agreements and commitments with third parties 133

AFEP-MEDEF Code: the reference code 2.1.1. The balance of powers on the Board 2.1.2. Composition of the Board of 2.2. Directors List of corporate offices and directorships 2.2.1. held by the corporate officers at 31 December 2017 Table showing the composition of the Board 2.2.2. of Directors at 31 December 2017 Organisation and modus operandi 2.3. of the Board of Directors General information on the meetings of the 2.3.1. The activities of the Board of Directors 2.3.2. The activities of the Board Committees 2.3.3. Self-evaluation by the Board of Directors 2.3.4. Appendix: complete text of the Internal Rules 2.3.5. of the Board of Directors Rules for allocation in respect of the 2017 2.4.1. financial year 84 Amounts paid in respect of the 2017 financial 2.4.2. year 84 Rules for allocation in respect of the 2018 2.4.3. financial year 85 67 68 73 74 66 Board of Directors and its Committees in 2017 66 46 47 49 49 60 Changes in corporate offices and 2.2.3. directorships of the Directors 61 62 The guiding principles 2.2.4.

* This information forms an integral part of the Annual Financial Report as provided in Article L. 451-1-2 of the French Monetary and Financial Code.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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