The 2022 offer

L'Oréal is pleased to offer you a new opportunity to become involved in the group's success and become a shareholder through the share incentive plan (sip)

THE BENEFITS OF THE PLAN

By participating in the new Employee Share Plan, you can buy L’Oréal shares under preferential terms. The payment is made through payroll deductions from your pre-tax salary over 12 months (from October 2022 to September 2023).

Get Tax and NI Savings on the shares you purchase

Under UK legislation, the maximum amount an individual can contribute per UK tax year to a SIP is £1800.
April 2023 is the start of a new tax year and the Accumulation Period ends on 30^th September 2023. As such, the £1800 limits for each of the 2022/23 and 2023/2024 tax years are spread over six months' worth of contribution seach, giving a total maximum contribution of £3600.

Receive up to 4 tax-free matching shares

delivered for free by L'Oreal

FREE SHARE RULE

If you purchase this number of shares:	L’Oréal will make a matching contribution consisting of the following number of free shares in 2028:
From 1 to 2 shares	1 free matching share
From 3 to 5 shares	2 free matching shares
From 6 to 9 shares	3 free matching shares
10 or more shares	4 free matching shares

The shares are held on your behalf by an independent Trustee: the Equiniti Share Plan Trustees Limited (ESPTL) and are exempt from Capital Gains Tax ("CGT") whilst they remain in the SIP. Please see the Frequently Asked Questions for further details of the tax treatment of the SIP.

Possible dividends paid by L’Oréal will be paid out in cash.

Payment of possible dividends

These dividends will increase by 10% after you have held shares in the SIP for two calendar years

NOTE BEFORE INVESTING

BY PARTICIPATING IN THE PLAN, YOU WILL BECOME A L'ORÉAL SHAREHOLDER

Like any shareholder, your investment will follow the L’Oréal share price up or down. This means that you may make a capital loss.

As the L’Oréal shares are listed on the Paris stock exchange in euros over the term of your investment, the value of your investment will vary as the exchange rate between the euro and pounds sterling fluctuates.

YOUR INVESTMENT IS LOCKED IN FOR 5 YEARS

Your shares in the fund are locked in for 5 years, so you cannot sell them before the end of the lock-in period. Nevertheless, there are cases where the shares can be released early.

• retirement;
• redundancy;
• injury or disability;
• transfer of your employment to a non- group company to which TUPE (Transfer of Undertakings Protection of Employment) regulations apply;
• your employing company ceases to be an associated group company; or
• death.

You will receive the free shares at the end of the lock-in period, i.e. around October 9, 2028, provided that you still work for the L’Oréal Group on this date (see exceptions in the Local Supplement).

VISIT
WWW.INVEST.LOREAL.COM

To learn more about the offer
To subscribe from 8^th June to 22^nd June 2022

WHO CAN JOIN THE SIP?

To join the L’Oréal SIP, you must:
- be a full or part-time employee of a UK subsidiary of L’Oréal;
- have been employed by L’Oréal for at least six months prior to 1^st October 2022;
- pay tax on your earnings under the pay-as-you-earn (PAYE) system.