2024 universal registration document

	Date of the Annual General Meeting (resolution number)	Duration (date of expiry)	Maximum authorised amount	Use of the authorisation in 2024	Resolution No.	Duration	Maximum ceiling
	Authorisations in force				Authorisations proposed to the Annual General Meeting of 29 April 2025
Share capital increases
Capital increase through the issue of shares with maintenance of preferential subscription rights	21 April 2023 (14^th)	26 months (20 June 2025)	Increase the share capital to €149,852,237.36⁽¹⁾	None	18	26 months (28 June 2027)	Increase the share capital to €149,607,365.58⁽¹⁾
Capital increase via the capitalisation of premiums, reserves, profits or other amounts	21 April 2023 (15^th)	26 months (20 June 2025)	Increase the share capital to €149,852,237.36⁽¹⁾	None	19	26 months (28 June 2027)	Increase the share capital to €149,607,365.58⁽¹⁾
Capital increase reserved for L’Oréal employees participating in the Company Savings Plan (PEE)	23 April 2024 (20^th)	26 months (22 June 2026)	1% of the share capital on the date of the Annual General Meeting (i.e., as an indication, 5,347,254 shares at 31 December 2023)⁽²⁾	118,543	21	26 months (28 June 2027)	1% of the share capital on the date of the Annual General Meeting (i.e., as an indication, 5,343,120 shares at 31 December 2024)⁽²⁾
Capital increase reserved for employees of foreign subsidiaries	23 April 2024 (21^st)	18 months (22 October 2025)	1% of the share capital on the date of the Annual General Meeting (i.e., as an indication, 5,347,254 shares at 31 December 2023)⁽²⁾	111,880	22	18 months (28 October 2026)	1% of the share capital on the date of the Annual General Meeting (i.e., as an indication, 5,343,120 shares at 31 December 2024)⁽²⁾
Share capital increase in order to remunerate the contributions in kind of equity securities or securities giving access to the share capital of third party companies	21 April 2023 (16^th)	26 months (20 June 2025)	2% of the share capital on the date of the decision to increase the share capital (i.e., as an indication, 10,703,731 shares at 31 December 2022)	None	20	26 months (28 June 2027)	2% of the share capital on the date of the decision to increase the share capital (i.e., as an indication, 10,686,240 shares at 31 December 2024)
Buyback by the Company of its own shares
Buyback by the Company of its own shares	23 April 2024 (17^th)	18 months (22 October 2025)	10% of the share capital on the date of the buybacks (i.e., as an indication, 53,472,547 shares at 31 December 2023)	1,308,557	17	18 months (28 October 2026)	10% of the share capital on the date of the buybacks (i.e., as in indication, 53,431,202 shares at 31 December 2024)
Reduction in the share capital via cancellation of shares
Cancellation of shares purchased by the Company under Article L. 22-10-62 of the French Commercial Code	23 April 2024 (18^th)	26 months (22 June 2026)	10% of the share capital on the date of the buybacks (i.e., as in indication, 53,472,547 shares at 31 December 2023)	1,308,557
Free grants of shares
Grant of existing free shares or shares to be issued to the employees	23 April 2024 (19^th)	26 months (22 June 2026)	0.6% of the share capital on the grant decision date (i.e., as an indication, 3,208,352 shares at 31 December 2023)	658,785

Total ceiling on capital increases, for all authorisations combined. It corresponds to maximum increases of 40% of the capital.
The cumulative amount of increases in share capital that may be carried out pursuant to the 21^st and 22^nd resolutions submitted for a vote of the Annual General Meeting on 29 April 2025 may not exceed the total amount of 1% of the share capital, which constitutes a ceiling that applies jointly to these two resolutions, a ceiling that was also common to the 20^th and 21^st resolutions adopted by the Annual General Meeting of 23 April 2024.

Since 22 June 2013, the Board of Directors no longer has authority to grant stock options to purchase or subscribe to shares.

On 31 December 2024, no subscription options had been granted or exercised as the most recent L’Oréal stock options plan expired in 2021 (see section 7.4.2.). Furthermore, 2,590,330 conditional shares had been granted to Group employees subject to performance conditions not yet met. These 2,590,330 shares will be issued when necessary and, where applicable, by capitalisation of reserves. The Company’s potential share capital would amount to €107,380,470.20, divided into 536,902,351 shares with a par value of €0.20.

The Company has not issued any securities that grant indirect access to the share capital.

2024 universal registration document

7. Information on the Company and the share capital