2024 universal registration document

7.3 Ownership structure

7. Information on the Company and the share capital

7.3 Ownership structure

7.3 Ownership structure AFR

STRUCTURE OF SHARE OWNERSHIP AS AT 31 DECEMBER 2024

Consisting of Françoise Bettencourt Meyers, Jean-Pierre Meyers, Jean-Victor Meyers and Nicolas Meyers, in addition to the companies Téthys SAS and Financière L’Arcouest SAS. With regard to employees and former employees of L’Oréal, the percentage also includes the performance shares granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 1.05% of the share capital as part of the L’Oréal Employee Savings Plan and employee investment funds as defined by Article L. 225-102 of the French Commercial Code.

This chart shows the shareholding structure as of December 31, 2024.

  • Mrs. Françoise Bettencourt Meyers and her family (1): 34.76%
  • Nestlé: 20.14%
  • International institutional investors: 30.18%
  • French institutional investors: 6.85%
  • Individual shareholders: 6.07%
  • Employees (2): 2.00%
  1. Consisting of Françoise Bettencourt Meyers, Jean-Pierre Meyers, Jean-Victor Meyers and Nicolas Meyers, in addition to the companies Téthys SAS and Financière L’Arcouest SAS.
  2. With regard to employees and former employees of L’Oréal, the percentage also includes the performance shares granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 1.05% of the share capital as part of the L’Oréal Employee Savings Plan and employee investment funds as defined by Article L. 225-102 of the French Commercial Code.

7.3.1 Legal entities or individuals acting in concert to the Company’s knowledge

The Bettencourt Meyers family consists of Françoise Bettencourt Meyers, Jean-Pierre Meyers, Jean-Victor Meyers and Nicolas Meyers, along with the companies Téthys SAS and Financière L’Arcouest SAS.

As a reminder, following the expiry of the agreement concluded in 2004 between the Bettencourt Meyers family on the one hand and Nestlé SA on the other, these two shareholders have not acted in concert since 21 March 2018.

 7.3.2 Changes in allocation of the share capital and voting rights over the last three years

Over the last three years, the allocation of the share capital and the voting rights has changed as follows:

  31.12.2024 31.12.2023 31.12.2022
  Number of shares % of capital % of voting rights(4) Number of shares % of capital % of voting rights(3) Number of
shares		 % of capital % of voting
rights(3)
Françoise Bettencourt Meyers and her family(1) 185,715,079 34.76 34.76(2) 185,715,079 34.73 34.73 185,715,079 34.70 34.70
Nestlé SA 107,621,021 20.14 20.14 107,621,021 20.13 20.13 107,621,021 20.11 20.11
Employees(3) 10,693,845 2.00 2.00 10,124,011 1.89 1.89 9,969,402 1.86 1.86
Public 230,282,076 43.10 43.10 231,265,364 43.25 43.25 231,881,060 43.33 43.33
Treasury shares 0 0 0 0 0 0 0 0 0
TOTAL 534,312,021 100 100 534,725,475 100 100 535,186,562 100 100