The letter to shareholders - N°85 Autumn 2023

L’Oréal and you

L’ORÉAL AND YOU

TOTAL SHAREHOLDER RETURN(1)

Amongst the various economic and financial measures of value creation, L’Oréal prefers Total Shareholder Return (TSR). This indicator is based on a range of criteria, including the share price and revenue received in the form of dividends excluding taxes on capital gains and dividends, based on the closing share price on 31 August 2023.

(1) Total Shareholder Return of the investment, assuming that the shares are sold at the closing price on 31 August 2023.

Hypothesis

Total Shareholder Return over 10 years, for €15,000 invested in L’Oréal shares, including reinvestment of dividends, excluding bank charges and tax.

2013: €15,023 , 119 Shares  +14.1% per year Capital invested: x 3.6  2023: €58,435 , 144 Shares

TOTAL ANNUAL RETURN

Based on the share price on 31 August 2023

+15.9%

OVER 5 YEARS

+14.1%

OVER 10 YEARS

+11.6%

OVER 20 YEARS

OVER 5 YEARS, THE L’ORÉAL SHARE HAS OUTPERFORMED THE CAC 40 INDEX

L’Oréal vs CAC 40 from 31 August 2018 to 31 August 2023(2)

(2) CAC40 index rebased on the L’Oréal share price since 31/08/2018 // Source : Refinitiv, share price on 31/08/2023.

This chart shows l’Oréal shares vs the CAC 40 from 31 August 2018 to 31 August 2023.  L’Oréal   31/08/2018:  €206.70  31/08/2023: €405.80 (Growth of 96.3%)  CAC 40 index rebased on the L’Oréal share price since 31/08/2018  31/08/2018: €5,406.85  31/08/2023: €7,316.70 (Growth of 35.3%)

Incorporated in France as a “Société anonyme” with registered capital of €107,198,492.80 – 632 012 100 RCS Paris – NAF code: 2042 Z – ISIN code: FR0000120321 – Registered office: 14, rue Royale, 75008 Paris – Headquarters: 41, rue Martre, 92117 Clichy Cedex France– Freephone number (from France): 0 800 66 66 66. For further information, write to L’Oréal, Financial Communication Department, 41, rue Martre, 92117 Clichy Cedex France, consult the website www.loreal-finance.com, download the L’Oréal Finance mobile app, or contact us by e-mail at [email protected]. Photo credits: Helena Rubinstein, Ben Hassett (cover), Stéphane de Bourgies / L’Oréal (p.2), Shaiith (Getty Images), Aesop (p.3), Viva Tech 2023 (p.4), Viva Tech 2023 (p.5), L’Oréal, Julien Mignot (p.6), La Fondation L’Oréal (p.7). Production: Makassar. This document has been printed with vegetable inks, using a water-based acrylic varnish by a printer who is a member of the papier Culture Association and Print Ethic and Ecovadis silver certified.

PASCALE GUERIN

Director of Individual Shareholder and Market Authority Relations

ANGÉLIQUE FRUCHTENREICH

Individual Shareholder Relations Manager

[email protected]

Tel. in France : 0 800 66 66 66

Tel. from outside France : + 33 1 40 14 80 50

AGENDA

25 September 2023:

Shareholder meeting in Annecy with Air Liquide

3 October 2023:

Shareholder meeting at Bordeaux with Air Liquide

19 October 2023:

Sales at 30 September

28 November 2023:

Investir Day Salon at Carrousel du Louvre, Paris

For other key dates, please visit our website: loreal-finance.com

THE CONNECTED SHAREHOLDER

Download the L’Oréal Finance app(3) and keep up to date with live news about your company.

(3) Available for free on the App Store and Google Play.

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