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 is 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, refer to the Local Supplement for more details.

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

You can subscribe online via a specially-created subscription tool, using the personal login details (“login” and “password”) shared with you by e-mail. Alternatively, if you do not have office or personal Internet access, you can request for and fill in a subscription form by approaching your country's Local Correspondent. In order to be valid, this form must be filled in, signed and sent to the Correspondent before the end of the subscription period, i.e., at 23:59 CET on 24 June 2026, as attested by the postmark.

Your Local Correspondent can help generate a new password for you in the subscription tool. You can also send an email to [email protected] during the subscription period if you require any assistance.

You can modify your 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. You must pay for your investment in full.

You are still eligible to receive your FCPE units as long as you were employed by the Group at the end of the subscription period. You must pay for your investment in full before your last working day in the Group.

The minimum investment is one L’Oréal share.

The maximum investment is 20 L’Oréal shares capped at 25% of the employee’s 2026 gross annual salary.

Your gross annual salary consists of your annual salary and any premium, bonus or WPS payments received in 2026.

No, by participating in this plan, you are agreeing to comply with this limit. If the number of shares requested exceeds the limit, they may be reduced upon delivery.

The free shares will be distributed at the end of the lock-in period, i.e., around 31 July 2031, subject to the certain conditions (see the Local Supplement).

Please refer to the Local Supplement, which will specify all valid cases in your country.

When you subscribe online, you will receive an acknowledgement of receipt confirming the subscribed amount. In July 2026, you will receive a mail stating the number of FCPE units allocated to you. You will also receive an account statement summarising all your assets during the first quarter of 2027.

In addition, you will also be able to access the Amundi website, www.amundi-ee.com, where you can consult your account and manage your available assets.

Please approach your Local Correspondent. They are responsible for authorising releases on the basis of local cases, constructing the file with the appropriate information and informing Amundi ESR of the shares to be released

Yes. You 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 you release part of their locked-in shares, the rest remain locked in until the release date unless you provide another valid reason for early release.

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.

In the case of shares held via the FCPE, the dividend received increases the value of the units and is locked in.

A capital gain is the difference between the price of the initial investment 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.