An employee share plan is a capital increase reserved for a company’s or group’s employees. These plans offer eligible employees the opportunity to acquire their company’s shares on preferential terms.

L’Oréal intends to give you the opportunity to participate in its share purchase plan on an annual basis. Future share offerings will be subject to the prior approval of the company’s shareholders and its Board of Directors, to the authorization of the relevant authorities, notably the French AMF (Autorité des Marchés Financiers), to the completion of the required procedures with employee representatives, and to market and economic conditions. The offered conditions may vary from year to year.

Employees recorded as having worked for an eligible Group company for at least 12* months and still a Group employee on the last day of the subscription period (i.e., on 24 June 2026) are eligible

* Certain countries apply restrictions to the eligibility criteria; see the Local Supplement.

Employees can subscribe from 10 to 24 June 2026 (23:59 PARIS Time) only.

Employees subscribe online via a specially-created subscription tool, using their personal login details (“login”) that they have been sent by e-mail or post (if they did not specify an e-mail address). However, employees with no office or personal Internet access can also request and fill in a subscription form from the entity’s HR correspondent. Please refer to the Local Supplement for details.

Local HR correspondents will be able to generate a new password for the employee in the subscription tool. Employees can also send an email to [email protected] during the subscription period should they need any assistance to connect or to subscribe.

Employees can modify their subscription online until the last day of the subscription period, i.e., 24 June 2026. After the subscription period, subscriptions can no longer be modified and are irreversible. The employees must pay their investment in full. 

Employees who leave the Group after the subscription period is finalized are still eligible. Their shares will become available when they leave and can be bought.

The minimum investment is one L’Oréal share.

The maximum investment is 20 L'Oréal shares, capped at 25% of your 2026 gross annual salary

An employee’s gross annual salary consists of their annual salary and any premium, bonus or WPS payments received in 2026 (see the Local Supplement for details).

Employees must agree to comply with this limit by signing their subscription form (online or in writing). The risk is that the number of shares they request may be reduced if they do not comply with this limit.

The free shares will be distributed at the end of the lock-in period, i.e., around 31 July 2026, subject to certain conditions (see the Local Supplement). 

Consult your Local Supplement, which will specify all valid cases in your country

When they subscribe online, employees will receive an acknowledgement of receipt confirming the number of shares required. In July 2026, every employee who subscribes under the Plan will receive a mail stating the number of shares allocated to them.

Local correspondents are responsible for authorizing releases on the basis of local cases, constructing the file with the appropriate information and informing the Custodian of the shares to be released.

Yes. Employees can request the release of all or some of their locked-in, subscribed shares. However, a reason for release may be given only once: if employees release part of their locked-in shares, the rest remain locked in until the release date unless there is another reason for early release in the case of the employee concerned.

A dividend is the part of the earnings that the company pays to its shareholders. This payment is not made automatically; it depends upon the company’s annual results and the decision of the shareholders at the General Meeting.

No, for employees who hold shares directly, the dividend is paid into their bank account.

A capital gain is the difference between the price of the initial investment (before tax) and the price at which the shareholder’s shares are sold If the difference is a positive one, the employee shareholder has made a capital gain. If not, they have made a capital loss.