2023 universal registration document

7.1.6. Statutory share capital ownership thresholds (extracts from Article 7 of the Articles of Association)

“Any person, acting alone or in concert, who comes to hold, directly or indirectly, a number of shares or voting rights representing a fraction of the share capital or voting rights, taking into account equivalent securities under the meaning of Article L. 233-9 of the French Commercial Code, equal to 1% or a multiple of this percentage, and lower than 5%, must inform the Company of the total number of shares, voting rights and securities giving access to the share capital that it holds, as well as of equivalent securities under the meaning of Article L. 233-9 of the French Commercial Code, within a period of five trading days, from the date of the threshold crossing, pursuant to the notification and content conditions stipulated by the legal and regulatory provisions applicable to declarations of legal threshold crossings, and, notably by declaring the information that must be provided when a legal threshold is crossed to the French Financial Markets Authority (AMF), in accordance with its General Regulations. Such notice must also be given to the Company when a shareholder’s ownership falls below one of the thresholds set forth above.” This provision of the Articles of Association supplements the legal requirements covering disclosures concerning the crossing, upwards or downwards, of thresholds relating to one-twentieth, one-tenth, three twentieths, one-fifth, one-quarter, three‑tenths, one-third, one-half, two-thirds, eighteen-twentieths or nineteen‑twentieths of share capital or of voting rights.

“If not disclosed in accordance with the conditions stipulated by law or by the Articles of Association, the shares of the offending shareholder exceeding the fraction which should have been disclosed are deprived of voting rights, in accordance with the conditions stipulated in the French Commercial Code, if during a General Meeting the failure to disclose is noted and if one or more shareholders together holding at least 5% of the share capital so request during said meeting”.

7.1.7. Consultation of documents relating to the Company

The Company’s Articles of Association are available in full at www.loreal-finance.com, under the heading “Regulated information”.

The Articles of Association, financial statements, reports and information for shareholders can be consulted, in the conditions provided for by law, during business hours preferably by appointment, at 41, rue Martre, 92117 Clichy Cedex, France. See also the www.loreal-finance.com website the information of which is not an integral part of this document.

7.2. Information concerning the share capital AFR

7.2.1. Statutory requirements governing changes in the share capital and shareholders’ rights

None.

7.2.2. Issued share capital and authorised unissued share capital

The share capital amounted to €106,945,095 at 31 December 2023. It was divided into 534,725,475 shares with a par value of €0.20 each, all of the same class and with the same dividend rights.

The following table summarises the currently valid authorisations granted to the Board of Directors by the Annual General Meeting⁽¹⁾In application of Articles L. 225-129-1 and L. 225-129-2 of the French Commercial Code. concerning the capital. It shows the use made of such authorisations over the financial year and presents the authorisations that are to be put to the vote at the Annual General Meeting on 23 April 2024.