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.

Yes. From April 2026, the offer will be different from previous ones. You will be able to invest through the Employee Share Fund (FCPE) called the “L’Oréal Employee Share Plan Relais 2026”.

Your local Reward Team will arrange webinar information sessions to explain the changes in more detail. 

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” and “password”) 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. In order to be valid, this form must be filled in, signed and sent to the local HR correspondent before the end of the subscription period, i.e., at 23:59 CET on 24 June 2026, as attested by the postmark

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 finalised are still eligible. Their FCPE units will become available when they leave and can be redeemed.

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.

An employee’s gross annual salary consists of their annual salary and any premium, bonus or WPS payments received in 2026.

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 2031, subject to the 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 subscribed amount. In July 2026, every employee who subscribes under the Plan will receive a mail stating the number of units allocated to them. They will also receive an account statement summarising all their assets during the first quarter of 2027. In addition, employees who hold shares via the FCPE will also be able to access the Amundi website, www.amundi-ee.com, through which they can consult their account and manage their available assets.

Shares purchased in any previous plans will remain in the SIP with Equiniti, while any new shares will be held in the FCPE.You can view your shares online via Equiniti online portal at www.esp-portal.com/clients/loreal.

It’s it not possible to transfer your shares from previous offers to the FCPE. 

Local correspondents 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. 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.

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.