The letter to shareholders - N°90 Autumn/Winter 2025

L’ORÉAL AND YOU

TOTAL SHAREHOLDER RETURN⁽⁵⁾

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 30^th April 2025.

Hypothesis

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

Investment growth between 2015 and 2025. In 2015, an investment of €15,170 allowed for the purchase of 89 shares. In 2025, this investment had grown to a value of €42,183, corresponding to 109 shares. This represents an average annual growth rate of +10.1%. The capital invested has thus increased 2.5-fold over 10 years.

+9.2%OVER 5 YEARS

+10.1%OVER 10 YEARS

+12.0%OVER 20 YEARS

THE ADVANTAGES OF REGISTERED SHARES – A DIVIDEND WITH LOYALTY BONUS

Incorporated in France as a “Société anonyme” with registered capital of €106,756,604.80 – 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 email at [email protected]. Photo credits: Daniel Sannwald / Lancôme (cover) - Stéphane de Bourgies / L’Oréal (p.2) - Downtown Agency / L’Oréal Groupe - L’Oréal Groupe - Sixtine (p.3) - L’Oréal Groupe Research & Innovation - Sophia Spring (p.4) - Sixtine - Spiceup Agency (p.5)- Nathaniel Goldberg - L’Oréal Groupe (p.6) - Julien Knaub & Nicolas Gouhier - L’Oréal Groupe (p.7). Production: Makassar.

A TEAM THAT IS ATTENTIVE TO SHAREHOLDERS’ VIEWS

PASCALE GUÉRIN

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

12^th February 2026: 2025 Annual Results - Press Release (after market close)

13^th February 2026: Annual Financial Information Meeting

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

THE CONNECTED SHAREHOLDER

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