LOREAL_Registration_Document_2017

Corporate governance * COMPOSITION OF THE BOARD OF DIRECTORS

COMPOSITION OF THE BOARD OF DIRECTORS 2.2.

“L'Oréal's Board of Directors is made up of individuals from different backgrounds who have extensive business experience and have had success at the highest levels.” Jean-Paul Agon – Chairman and Chief Executive Officer

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The composition of the Board of L’Oréal, the rules it applies to its work, its modus operandi , and the work that it has carried out in the year, evaluated on an annual basis by the Directors, as well as the decisions made, are described in this chapter. The Board wishes to point out that it carries out its work above all on a collective basis, in accordance with ethical principles and in compliance with the legal provisions, regulations and market recommendations. At 31 December 2017, the Board of Directors comprises 15 members: the Chairman and Chief Executive Officer, Mr Jean-Paul Agon; s five Directors appointed among the majority shareholders, s three of whom are from the Bettencourt Meyers family (Mrs Françoise Bettencourt Meyers, Mr Jean-Pierre Meyers and Mr Jean-Victor Meyers) and two from Nestlé, (Mr Paul Bulcke and Mrs Béatrice Guillaume-Grabisch). The two Vice-Chairmen of the Board are chosen from among these members;

seven independent Directors: Mrs Sophie Bellon, Mrs Belén s Garijo, Mrs Virginie Morgon, Mrs Eileen Naughton, Mr Charles-Henri Filippi, Mr Xavier Fontanet and Mr Bernard Kasriel; two Directors representing the employees, Mrs Ana Sofia s Amaral and Mr Georges Liarokapis. Following the appointment of Directors representing the employees to the Board of Directors, an elected representative of the Central Works Council of L’Oréal, Mr Thierry Magontier, also attends Board meetings, in an advisory capacity. The breakdown of L’Oréal’s share capital at 31 December 2017 is shown in chapter 6 of this Document.

LIST OF CORPORATE OFFICES AND DIRECTORSHIPS HELD BY THE CORPORATE 2.2.1. OFFICERS AT 31 DECEMBER 2017

JEAN-PAUL AGON French Age: 61

With the L'Oréal Group since 1978, following an international career as General Manager of the Consumer Products Division in Greece and of L'Oréal Paris in France, as International Managing Director of Biotherm, General Manager of L'Oréal Germany, Executive Vice-President of the Asia zone, President and CEO of L'Oréal USA, Jean-Paul Agon was appointed Deputy Chief Executive Officer of L'Oréal in 2005 and then Chief Executive Officer in April 2006 and finally Chairman and CEO in 2011. A Director of L'Oréal since 2006, he is the Chairman of the Strategy and Sustainable Development Committee. Jean-Paul Agon is also Chairman of the L'Oréal Corporate Foundation and a Director of Air Liquide.

EXPIRY DATE OF TERM OF OFFICE 2018

Professional address: L’Oréal – 41, rue Martre – 92117 Clichy Cedex s Holds 900,000 L’Oréal shares s

OTHER CORPORATE OFFICES AND DIRECTORSHIPS HELD French company Air Liquide S.A.*

Director

Other L’Oréal Corporate Foundation

Chairman of the Board CORPORATE OFFICES AND DIRECTORSHIP OVER THE LAST FIVE YEARS THAT HAVE EXPIRED

Expiry date of term of office

Foreign companies Galderma Pharma S.A. (Switzerland)

Director Director

2014 2014

L'Oréal USA Inc. USA

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Listed company.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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