LOREAL_Registration_Document_2017

Corporate governance * ORGANISATION AND MODUS OPERANDI OF THE BOARD OF DIRECTORS

STRATEGY AND SUSTAINABLE DEVELOPMENT COMMITTEE

COMPOSITION

Mr. Jean-Paul Agon (Chairman) • Mrs. Françoise Bettencourt Meyers • Mr. Paul Bulcke •

• • •

Mr. Xavier Fontanet Mr. Bernard Kasriel Mr. Jean-Pierre Meyers

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The committee met five times in 2017, with an attendance rate of 100%. It is specified that two members are part of the Bettencourt Meyers family and one member is from Nestlé.

MAIN REMITS

2017 MAIN ACTIVITIES

Providing insight, through its analyses, into the strategic orientations s submitted to the Board. Monitoring the implementation and advancement of significant s operations in progress and ensuring that the main financial balances are maintained. Examination of the main strategic lines of development, options s or projects presented by the General Management, and their economic and financial consequences, opportunities for acquisitions and financial transactions liable to significantly change the balance sheet structure. Verification of the integration of the Company’s commitments s with regard to Sustainable Development, in light of the challenges specific to the Group’s business activities and its objectives. Examination of the proposed strategic orientations defined by s the Board with a view to consultation of the Central Works Council.

Analysis of turnover and update on the business. s Update on changes in the market place and on the s competition. Analysis of the performance of the latest product launches. s Examination of the Group’s strategic development s prospects. Review of the main acquisition projects, and follow-up of s recent acquisitions. Review of the strategy of the Professional Products Division. s Update on the disposal of The Body Shop. s Update on the progress of the Sharing Beauty With All s programme

CHANGES PLANNED FOR 2018

Subject to a favourable vote by the Annual General Meeting of 17 April 2018 on appointments and renewals, the composition of the Strategy and Sustainable Development Committee will be as follows: Mr Jean-Paul Agon (Chairman) • Mrs Françoise Bettencourt Meyers • Mr Paul Bulcke • Mr. Bernard Kasriel • Mr. Jean-Pierre Meyers •

REGISTRATION DOCUMENT / L'ORÉAL 2017

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