The letter to shareholders - N°89 Spring Summer 2025

L’ORÉAL AND YOU

TOTAL SHAREHOLDER RETURN⁽¹⁾

Amongst the various economic and financial measures of value creation, L’Oréal prefers Total Shareholder Return (TSR). This indicator is based on a range of criteria, including the share price and revenue received in the form of dividends excluding taxes on capital gains and dividends, based on the closing share price on 30 April 2025.

Hypothesis

Total Shareholder Return over 10 years, for €15,000 invested in L’Oréal shares, including reinvestment of dividends, excluding bank charges and tax.

Investment growth between 2015 and 2025. In 2015, an investment of €15,170 allowed for the purchase of 89 shares. In 2025, this investment had grown to a value of €42,183, corresponding to 109 shares. This represents an average annual growth rate of +10.1%. The capital invested has thus increased 2.5-fold over 10 years.

TOTAL ANNUAL RETURN

Based on the share price on 30 April 2025

+9.2 % OVER 5 YEARS

+10.1 % OVER 10 YEARS

+12 % OVER 20 YEARS

L’ORÉAL SHARE EVOLUTION

L’Oréal vs CAC 40 from 30 April 2020 to 30 April 2025⁽²⁾

This graph shows the change in L'Oréal's share price compared to the CAC 40 index from 30 April 2020 to 30 April 2025 (2). L'Oréal 04/2020: £265.30 04/2025: £387.00, +45.87% CAC 40 re-based since 30/04/2020 04/2020: 4,572.18 04/2025: 7,593.87, +66.09%.

Incorporated in France as a “Société anonyme” with registered capital of €106.863.072,80 – 632 012 100 RCS Paris – NAF code: 2042 Z – ISIN code: FR0000120321 – Registered office: 14, rue Royale, 75008 Paris – Headquarters: 41, rue Martre, 92117 Clichy Cedex France – Freephone number (from France): 0 800 66 66 66. For further information, write to L’Oréal, Financial Communication Department, 41, rue Martre, 92117 Clichy Cedex France, consult the website www.loreal-finance.com, download the L’Oréal Finance mobile app, or contact us by e-mail at [email protected]. Photo credits: Alain Buu / L’Oréal (cover) - Alain Buu / L’Oréal (p.2) - Alain Buu / L’Oréal (p.3) - Alain Buu / L’Oréal – CeraVe India, Garnier (p.4) – Damon Baker (p.6) – Dr.G / L’Oréal (p.6) – L’Oréal Act for Dermatology McCann Agency (p.6) – Antoine & Charlie / Mame Anta Wade / Vichy (p.7) - L’Oréal (p.7). Production: Makassar.

A TEAM THAT IS ATTENTIVE TO SHAREHOLDERS

PASCALE GUÉRIN

Director of Individual Shareholder Relations

ANGÉLIQUE FRUCHTENREICH

Individual Shareholder Relations Manager

[email protected]

Tel. in France : 0 800 66 66 66

Tel. from outside France : + 33 1 40 14 80 50

AGENDA

29 July 2025: 2025 Half-Year Results (after stock market closing)

22 September 2025: Shareholder meeting in Toulouse

13 October 2025: Shareholder meeting in Nantes

21 October 2025: Sales at 30 September 2025 (after stock market closing)

For other key dates, please visit our website: loreal-finance.com

THE CONNECTED SHAREHOLDER

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