15.2. Related parties with a significant influence on the Group

L’Oréal has been informed that on 16 December 2016, the members of the Bettencourt Meyers family group, and Mr. Jean-Paul Agon for 100 shares, signed lock-up agreement sunder the Dutreil law for 185,704,189 L’Oréal shares representing 33.065% of the capital and of the voting rights of the Company on the date of the agreement.

The lock-up agreements were concluded in application of Articles 787 B and 885 I bis of the French General Tax Code for a period of two years, tacitly renewable for one-year periods. They do not include any preferential rights for sales or acquisitions for the benefit of the signatories and do not constitute a concerted action vis-à-vis the Company.

In 2022, no significant transactions were carried out with a member of senior management or a shareholder with a significant influence, except for the operation above.

NOTE 16. Fees accruing to auditors and members of their networks payable by the Group

 
Fees for the 2022 financial year
  Ernst & Young Audit Deloitte & Associés
  Auditor Ernst & Young Audit Network Auditor Deloitte & Associés Network
€ millions excl. VAT Amount As a % Amount As a % Amount As a % Amount As a %
Review of interim, company and consolidated financial statements                
L’Oréal 1.6 64% n/a n/a 1.5 56% n/a n/a
Fully consolidated subsidiaries 0.7 29% 4.7 53% 0.6 22% 5.0 64%
Subtotal 2.3 93% 4.7 53% 2.1 78% 5.0 64%
Non-audit services(1)                
L’Oréal 0.2 7% 2.3 26% 0.6 22% 1.3 16%
Fully consolidated subsidiaries — —% 1.9 21% — — 1.6 20%
Subtotal 0.2 7% 4.2 47% 0.6 22% 2.9 36%
TOTAL 2.5 100% 8.9 100% 2.7 100% 7.9 100%

(1) Mainly concerning acquisition audits.

Fees for the 2021 financial year
  PricewaterhouseCoopers Deloitte & Associés
  Auditor PricewaterhouseCoopers Audit Network Auditor Deloitte & Associés Network
€ millions excl. VAT Amount As a % Amount As a % Amount As a % Amount As a %
Review of interim, company and consolidated financial statements                
L’Oréal 1.2 55% n/a n/a 1.4 54% n/a n/a
Fully consolidated subsidiaries 0.7 32% 4.0 56% 0.6 22% 4.7 83%
Subtotal 1.9 86% 4.0 56% 2.0 76% 4.7 83%
Non-audit services(1)                
L’Oréal 0.3 14% 2.1 29% 0.6 24% — —
Fully consolidated subsidiaries — — 1.1 15% — — 0.9 17%
Subtotal 0.3 14% 3.2 44% 0.6 24% 0.9 17%
TOTAL 2.2 100% 7.2 100% 2.6 100% 5.6 100%

(1) Mainly concerning acquisition audits.

NOTE 17. Subsequent events

No significant events occurred between the balance sheet date and the date on which the consolidated financial statements were approved by the Board of Directors.

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