In the Ifop-"Investir" survey of shareholders' opinions about CAC 40 companies, L’Oréal has been voted number one in all categories.

L’Oréal is thus the preferred share of all types of shareholders (including holders of portfolios smaller than €15,000 euros, and holders of portfolios larger than €75,000).

Furthermore,
- 91% of those questioned* consider that L'Oréal offers potential for growth and improved profits,
- 85% believe that L'Oréal has set out clear strategic priorities, and
- 87% think that L'Oréal applies a good policy with regard to its shareholders.

*The survey was carried out by Ifop for Investir Magazine (September-October 2006). A sample of 998 people, who are representative of the individual shareholder population, were questioned from August 30th to September 4th 2006. The questions on growth potential, clarity of strategy, and respect for shareholders amongst CAC 40 companies were submitted to one half of the sample group.