L'Oréal Finance and Shareholders

L’Oréal, the world leader in cosmetics, has been designated one of the world’s most ethical companies by Ethisphere Magazine, an Ethisphere Council* publication which highlights the strong links that exist between profit and ethics. The companies selected by Ethisphere Magazine have demonstrated exemplary behaviour in ethical matters and compliance with regulations, in their ethical and social commitment, and in their positive engagement with the communities in which they operate. “L’Oréal is honoured to be recognized as one of the world’s most ethical companies”, said Emmanuel Lulin, Director of Ethics. “We are convinced that companies who do business with integrity, who respect their employees and demonstrate responsible corporate citizenship benefit from an undeniable strategic advantage. This recognition is a wonderful encouragement to us all.” Ethisphere Magazine offers insight on how to create sustainable competitive advantage through ethical business practices and corporate citizenship. The editors of the magazine chose fewer than 100 companies out of more than 5,000 organizations analyzed over a six-month period. Companies were selected on the basis of a rigorous eight-step screening process, and were then rated on nine ethical leadership criteria. *About the Ethisphere Council The Ethisphere Council was created in 2006 by Corpedia, a leader in risk assessment, and by the Practising Law Institute, a non-profit organisation committed to enhancing the professionalism of attorneys. More information is available at http://www.ethisphere.com Contacts Mike Rumsby +33 (0) 1 47 56 76 71 mrumsby@dgc.loreal.com June 13, 2007