2021 UNIVERSAL REGISTRATION DOCUMENT

7.2.3. Changes in share capital over the last five years

Date	Nature of transaction	Amount of the change in share capital	Share premiums	Amount of share capital on completion of the transaction	Number of shares created or cancelled	Number of shares after the transaction
31.12.2016	31.12.2016 Nature of transaction	31.12.2016 Amount of the change in share capital	31.12.2016 Share premiums	31.12.2016 Amount of share capital on completion of the transaction €112,371,148.20	31.12.2016 Number of shares created or cancelled	31.12.2016 Number of shares after the transaction
01.01.2017 to 02.05.2017	01.01.2017 to 02.05.2017 Nature of transaction Exercise of share subscription options	01.01.2017 to 02.05.2017 Amount of the change in share capital €136,585.00	01.01.2017 to 02.05.2017 Share premiums €49,890,155.95	01.01.2017 to 02.05.2017 Amount of share capital on completion of the transaction €112,507,733.20	01.01.2017 to 02.05.2017 Number of shares created or cancelled 682,925	01.01.2017 to 02.05.2017 Number of shares after the transaction 562,538,666
03.05.2017	03.05.2017 Nature of transaction Conditional grant of shares	03.05.2017 Amount of the change in share capital €25.00	03.05.2017 Share premiums	03.05.2017 Amount of share capital on completion of the transaction €112,507,758.20	03.05.2017 Number of shares created or cancelled 125	03.05.2017 Number of shares after the transaction 562,538,791
03.05.2017 to 31.05.2017	03.05.2017 to 31.05.2017 Nature of transaction Exercise of share subscription options	03.05.2017 to 31.05.2017 Amount of the change in share capital €38,323.60	03.05.2017 to 31.05.2017 Share premiums €16,191,514.77	03.05.2017 to 31.05.2017 Amount of share capital on completion of the transaction €112,546,081.80	03.05.2017 to 31.05.2017 Number of shares created or cancelled 191,618	03.05.2017 to 31.05.2017 Number of shares after the transaction 562,730,409
31.05.2017	31.05.2017 Nature of transaction Cancellation of shares	31.05.2017 Amount of the change in share capital -€569,320.80	31.05.2017 Share premiums	31.05.2017 Amount of share capital on completion of the transaction €111,976,761.00	31.05.2017 Number of shares created or cancelled -2,846,604	31.05.2017 Number of shares after the transaction 559,883,805
01.06.2017 to 30.06.2017	01.06.2017 to 30.06.2017 Nature of transaction Exercise of share subscription options	01.06.2017 to 30.06.2017 Amount of the change in share capital €16,641.00	01.06.2017 to 30.06.2017 Share premiums €6,033,441.35	01.06.2017 to 30.06.2017 Amount of share capital on completion of the transaction €111,993,402.00	01.06.2017 to 30.06.2017 Number of shares created or cancelled 83,205	01.06.2017 to 30.06.2017 Number of shares after the transaction 559,967,010
30.06.2017	30.06.2017 Nature of transaction Conditional grant of shares	30.06.2017 Amount of the change in share capital €50.00	30.06.2017 Share premiums	30.06.2017 Amount of share capital on completion of the transaction €111,993,452.00	30.06.2017 Number of shares created or cancelled 250	30.06.2017 Number of shares after the transaction 559,967,260
01.07.2017 to 31.12.2017	01.07.2017 to 31.12.2017 Nature of transaction Exercise of share subscription options	01.07.2017 to 31.12.2017 Amount of the change in share capital €110,365.60	01.07.2017 to 31.12.2017 Share premiums €45,927,808.87	01.07.2017 to 31.12.2017 Amount of share capital on completion of the transaction €112,103,817.60	01.07.2017 to 31.12.2017 Number of shares created or cancelled 551,828	01.07.2017 to 31.12.2017 Number of shares after the transaction 560,519,088
01.01.2018 to 17.04.2018	01.01.2018 to 17.04.2018 Nature of transaction Exercise of share subscription options	01.01.2018 to 17.04.2018 Amount of the change in share capital €57,369.20	01.01.2018 to 17.04.2018 Share premiums €21,158,193.70	01.01.2018 to 17.04.2018 Amount of share capital on completion of the transaction €112,161,186.80	01.01.2018 to 17.04.2018 Number of shares created or cancelled 286,846	01.01.2018 to 17.04.2018 Number of shares after the transaction 560,805,934
18.04.2018	18.04.2018 Nature of transaction Conditional grant of shares	18.04.2018 Amount of the change in share capital €198,753.00	18.04.2018 Share premiums	18.04.2018 Amount of share capital on completion of the transaction €112,359,939.80	18.04.2018 Number of shares created or cancelled 993,765	18.04.2018 Number of shares after the transaction 561,799,699
19.04.2018 to 23.07.2018	19.04.2018 to 23.07.2018 Nature of transaction Exercise of share subscription options	19.04.2018 to 23.07.2018 Amount of the change in share capital €64,937.80	19.04.2018 to 23.07.2018 Share premiums €22,727,703.99	19.04.2018 to 23.07.2018 Amount of share capital on completion of the transaction €112,424,877.60	19.04.2018 to 23.07.2018 Number of shares created or cancelled 324,689	19.04.2018 to 23.07.2018 Number of shares after the transaction 562,124,388
26.04.2018	26.04.2018 Nature of transaction Cancellation of shares	26.04.2018 Amount of the change in share capital -€499,562.80	26.04.2018 Share premiums	26.04.2018 Amount of share capital on completion of the transaction €112,016,437.40	26.04.2018 Number of shares created or cancelled -2,497,814	26.04.2018 Number of shares after the transaction 560,082,187
24.07.2018	24.07.2018 Nature of transaction Employee shareholding plan	24.07.2018 Amount of the change in share capital €91,122.60	24.07.2018 Share premiums €68,810,045.12	24.07.2018 Amount of share capital on completion of the transaction €112,516,000.20	24.07.2018 Number of shares created or cancelled 455,613	24.07.2018 Number of shares after the transaction 562,580,001
26.07.2018 to 10.10.2018	26.07.2018 to 10.10.2018 Nature of transaction Exercise of share subscription options	26.07.2018 to 10.10.2018 Amount of the change in share capital €45,549.40	26.07.2018 to 10.10.2018 Share premiums €17,689,229.85	26.07.2018 to 10.10.2018 Amount of share capital on completion of the transaction €112,061,986.80	26.07.2018 to 10.10.2018 Number of shares created or cancelled 227,747	26.07.2018 to 10.10.2018 Number of shares after the transaction 560,309,934
11.10.2018	11.10.2018 Nature of transaction Employee shareholding plan	11.10.2018 Amount of the change in share capital €0.40	11.10.2018 Share premiums	11.10.2018 Amount of share capital on completion of the transaction €112,061,987.20	11.10.2018 Number of shares created or cancelled 2	11.10.2018 Number of shares after the transaction 560,309,936
11.10.2018 to 14.11.2018	11.10.2018 to 14.11.2018 Nature of transaction Exercise of share subscription options	11.10.2018 to 14.11.2018 Amount of the change in share capital €5,018.00	11.10.2018 to 14.11.2018 Share premiums €1,919,400.30	11.10.2018 to 14.11.2018 Amount of share capital on completion of the transaction €112,067,005.20	11.10.2018 to 14.11.2018 Number of shares created or cancelled 25,090	11.10.2018 to 14.11.2018 Number of shares after the transaction 560,335,026
15.11.2018	15.11.2018 Nature of transaction Employee shareholding plan	15.11.2018 Amount of the change in share capital €1,304.80	15.11.2018 Share premiums €1,340,421.04	15.11.2018 Amount of share capital on completion of the transaction €112,068,310.00	15.11.2018 Number of shares created or cancelled 6,524	15.11.2018 Number of shares after the transaction 560,341,550
16.11.2018 to 30.11.2018	16.11.2018 to 30.11.2018 Nature of transaction Exercise of share subscription options	16.11.2018 to 30.11.2018 Amount of the change in share capital €2,764.80	16.11.2018 to 30.11.2018 Share premiums €830,879.04	16.11.2018 to 30.11.2018 Amount of share capital on completion of the transaction €112,071,074.80	16.11.2018 to 30.11.2018 Number of shares created or cancelled 13,824	16.11.2018 to 30.11.2018 Number of shares after the transaction 560,355,374
01.12.2018 to 31.12.2018	01.12.2018 to 31.12.2018 Nature of transaction Exercise of share subscription options	01.12.2018 to 31.12.2018 Amount of the change in share capital €8,255.60	01.12.2018 to 31.12.2018 Share premiums €2,909,254.74	01.12.2018 to 31.12.2018 Amount of share capital on completion of the transaction €112,079,330.40	01.12.2018 to 31.12.2018 Number of shares created or cancelled 41,278	01.12.2018 to 31.12.2018 Number of shares after the transaction 560,396,652
01.01.2019 to 26.02.2019	01.01.2019 to 26.02.2019 Nature of transaction Exercise of share subscription options	01.01.2019 to 26.02.2019 Amount of the change in share capital €57,499.20	01.01.2019 to 26.02.2019 Share premiums €21,553,333.36	01.01.2019 to 26.02.2019 Amount of share capital on completion of the transaction €112,136,829.60	01.01.2019 to 26.02.2019 Number of shares created or cancelled 287,496	01.01.2019 to 26.02.2019 Number of shares after the transaction 560,684,148
26.02.2019	26.02.2019 Nature of transaction Employee shareholding plan	26.02.2019 Amount of the change in share capital €0.80	26.02.2019 Share premiums	26.02.2019 Amount of share capital on completion of the transaction €112,136,830.40	26.02.2019 Number of shares created or cancelled 4	26.02.2019 Number of shares after the transaction 560,684,152
27.02.2019 to 22.04.2019	27.02.2019 to 22.04.2019 Nature of transaction Exercise of share subscription options	27.02.2019 to 22.04.2019 Amount of the change in share capital €31,104.00	27.02.2019 to 22.04.2019 Share premiums €10,717,971.48	27.02.2019 to 22.04.2019 Amount of share capital on completion of the transaction €112,167,934.40	27.02.2019 to 22.04.2019 Number of shares created or cancelled 155,520	27.02.2019 to 22.04.2019 Number of shares after the transaction 560,839,672
23.04.2019	23.04.2019 Nature of transaction Conditional grant of shares	23.04.2019 Amount of the change in share capital €141,252.40	23.04.2019 Share premiums	23.04.2019 Amount of share capital on completion of the transaction €112,309,186.80	23.04.2019 Number of shares created or cancelled 706,262	23.04.2019 Number of shares after the transaction 561,545,934
23.04.2019 to 22.10.2019	23.04.2019 to 22.10.2019 Nature of transaction Exercise of share subscription options	23.04.2019 to 22.10.2019 Amount of the change in share capital €56,523.60	23.04.2019 to 22.10.2019 Share premiums €22,792,564.74	23.04.2019 to 22.10.2019 Amount of share capital on completion of the transaction €112,365,710.40	23.04.2019 to 22.10.2019 Number of shares created or cancelled 282,618	23.04.2019 to 22.10.2019 Number of shares after the transaction 561,828,552
22.10.2019	22.10.2019 Nature of transaction Employee shareholding plan	22.10.2019 Amount of the change in share capital €0.80	22.10.2019 Share premiums	22.10.2019 Amount of share capital on completion of the transaction €112,365,711.20	22.10.2019 Number of shares created or cancelled 4	22.10.2019 Number of shares after the transaction 561,828,556
22.10.2019 to 31.10.2019	22.10.2019 to 31.10.2019 Nature of transaction Exercise of share subscription options	22.10.2019 to 31.10.2019 Amount of the change in share capital €2,883.00	22.10.2019 to 31.10.2019 Share premiums €1,163,389.45	22.10.2019 to 31.10.2019 Amount of share capital on completion of the transaction €112,368,594.20	22.10.2019 to 31.10.2019 Number of shares created or cancelled 14,415	22.10.2019 to 31.10.2019 Number of shares after the transaction 561,842,971
31.10.2019	31.10.2019 Nature of transaction Cancellation of shares	31.10.2019 Amount of the change in share capital -€754,225.00	31.10.2019 Share premiums	31.10.2019 Amount of share capital on completion of the transaction €111,614,369.20	31.10.2019 Number of shares created or cancelled -3,771,125	31.10.2019 Number of shares after the transaction 558,071,846
01.11.2019 to 30.11.2019	01.11.2019 to 30.11.2019 Nature of transaction Exercise of share subscription options	01.11.2019 to 30.11.2019 Amount of the change in share capital €3,504.00	01.11.2019 to 30.11.2019 Share premiums €1,416,001.60	01.11.2019 to 30.11.2019 Amount of share capital on completion of the transaction €111,617,873.20	01.11.2019 to 30.11.2019 Number of shares created or cancelled 17,520	01.11.2019 to 30.11.2019 Number of shares after the transaction 558,089,366
01.12.2019 to 31.12.2019	01.12.2019 to 31.12.2019 Nature of transaction Exercise of share subscription options	01.12.2019 to 31.12.2019 Amount of the change in share capital €5,567.80	01.12.2019 to 31.12.2019 Share premiums €2,224,836.37	01.12.2019 to 31.12.2019 Amount of share capital on completion of the transaction €111,623,441.00	01.12.2019 to 31.12.2019 Number of shares created or cancelled 27,839	01.12.2019 to 31.12.2019 Number of shares after the transaction 558,117,205
01.01.2020 to 21.04.2020	01.01.2020 to 21.04.2020 Nature of transaction Exercise of share subscription options	01.01.2020 to 21.04.2020 Amount of the change in share capital €65,159.60	01.01.2020 to 21.04.2020 Share premiums 26,407,167.34	01.01.2020 to 21.04.2020 Amount of share capital on completion of the transaction €111,688,600.60	01.01.2020 to 21.04.2020 Number of shares created or cancelled 325,798	01.01.2020 to 21.04.2020 Number of shares after the transaction 558,443,003
21.04.2020	21.04.2020 Nature of transaction Employee shareholding plan	21.04.2020 Amount of the change in share capital €1.60	21.04.2020 Share premiums	21.04.2020 Amount of share capital on completion of the transaction €111,688,602.20	21.04.2020 Number of shares created or cancelled 8	21.04.2020 Number of shares after the transaction 558,443,011
21.04.2020	21.04.2020 Nature of transaction Conditional grant of shares	21.04.2020 Amount of the change in share capital €167,120	21.04.2020 Share premiums	21.04.2020 Amount of share capital on completion of the transaction €111,855,722.20	21.04.2020 Number of shares created or cancelled 835,600	21.04.2020 Number of shares after the transaction 559,278,611
22.04.2020 to 03.11.2020	22.04.2020 to 03.11.2020 Nature of transaction Exercise of share subscription options	22.04.2020 to 03.11.2020 Amount of the change in share capital €24,999.60	22.04.2020 to 03.11.2020 Share premiums €10,338,492.22	22.04.2020 to 03.11.2020 Amount of share capital on completion of the transaction €111,880,721.80	22.04.2020 to 03.11.2020 Number of shares created or cancelled 124,998	22.04.2020 to 03.11.2020 Number of shares after the transaction 559,403,609
03.11.2020	03.11.2020 Nature of transaction Employee shareholding plan	03.11.2020 Amount of the change in share capital €90,593.40	03.11.2020 Share premiums €93,227,093.25	03.11.2020 Amount of share capital on completion of the transaction €111,971,315.20	03.11.2020 Number of shares created or cancelled 452,967	03.11.2020 Number of shares after the transaction 559,856,576
03.11.2020 to 21.12.2020	03.11.2020 to 21.12.2020 Nature of transaction Exercise of share subscription options	03.11.2020 to 21.12.2020 Amount of the change in share capital €3,000	03.11.2020 to 21.12.2020 Share premiums €1,244,850.00	03.11.2020 to 21.12.2020 Amount of share capital on completion of the transaction €111,974,315.20	03.11.2020 to 21.12.2020 Number of shares created or cancelled 15,000	03.11.2020 to 21.12.2020 Number of shares after the transaction 559,871,576
21.12.2020 to 31.12.2020	21.12.2020 to 31.12.2020 Nature of transaction Employee shareholding plan	21.12.2020 to 31.12.2020 Amount of the change in share capital €0.80	21.12.2020 to 31.12.2020 Share premiums	21.12.2020 to 31.12.2020 Amount of share capital on completion of the transaction €111,974,316.00	21.12.2020 to 31.12.2020 Number of shares created or cancelled 4	21.12.2020 to 31.12.2020 Number of shares after the transaction 559,871,580
01.01.2021 to 13.01.2021	01.01.2021 to 13.01.2021 Nature of transaction Exercise of share subscription options	01.01.2021 to 13.01.2021 Amount of the change in share capital €40.00	01.01.2021 to 13.01.2021 Share premiums €16,598.00	01.01.2021 to 13.01.2021 Amount of share capital on completion of the transaction €111,974,356.00	01.01.2021 to 13.01.2021 Number of shares created or cancelled 200	01.01.2021 to 13.01.2021 Number of shares after the transaction 559,871,780
14.01.2021 to 21.02.2021	14.01.2021 to 21.02.2021 Nature of transaction Conditional grant of shares	14.01.2021 to 21.02.2021 Amount of the change in share capital €30.00	14.01.2021 to 21.02.2021 Share premiums	14.01.2021 to 21.02.2021 Amount of share capital on completion of the transaction €111,974,386.00	14.01.2021 to 21.02.2021 Number of shares created or cancelled 150	14.01.2021 to 21.02.2021 Number of shares after the transaction 559,871,930
22.02.2021 to 28.02.2021	22.02.2021 to 28.02.2021 Nature of transaction Exercise of share subscription options	22.02.2021 to 28.02.2021 Amount of the change in share capital €94.00	22.02.2021 to 28.02.2021 Share premiums €39,005.30	22.02.2021 to 28.02.2021 Amount of share capital on completion of the transaction €111,974,480.00	22.02.2021 to 28.02.2021 Number of shares created or cancelled 470	22.02.2021 to 28.02.2021 Number of shares after the transaction 559,872,400
01.03.2021 to 03.03.2021	01.03.2021 to 03.03.2021 Nature of transaction Employee shareholding plan	01.03.2021 to 03.03.2021 Amount of the change in share capital €2.40	01.03.2021 to 03.03.2021 Share premiums	01.03.2021 to 03.03.2021 Amount of share capital on completion of the transaction €111,974,482.40	01.03.2021 to 03.03.2021 Number of shares created or cancelled 12	01.03.2021 to 03.03.2021 Number of shares after the transaction 559,872,412
04.03.2021 to 20.04.2021	04.03.2021 to 20.04.2021 Nature of transaction Exercise of share subscription options	04.03.2021 to 20.04.2021 Amount of the change in share capital €10,345.40	04.03.2021 to 20.04.2021 Share premiums €4,292,823.73	04.03.2021 to 20.04.2021 Amount of share capital on completion of the transaction €111,984,827.80	04.03.2021 to 20.04.2021 Number of shares created or cancelled 51,727	04.03.2021 to 20.04.2021 Number of shares after the transaction 559,924,139
21.04.2021	21.04.2021 Nature of transaction Conditional grant of shares	21.04.2021 Amount of the change in share capital €148,455.20	21.04.2021 Share premiums	21.04.2021 Amount of share capital on completion of the transaction €112,133,283.00	21.04.2021 Number of shares created or cancelled 742,276	21.04.2021 Number of shares after the transaction 560,666,415
22.04.2021 to 29.07.2021	22.04.2021 to 29.07.2021 Nature of transaction Employee shareholding plan	22.04.2021 to 29.07.2021 Amount of the change in share capital €1,066.60	22.04.2021 to 29.07.2021 Share premiums €1,472,489.34	22.04.2021 to 29.07.2021 Amount of share capital on completion of the transaction €112,134,349.60	22.04.2021 to 29.07.2021 Number of shares created or cancelled 5,333	22.04.2021 to 29.07.2021 Number of shares after the transaction 560,671,748
30.07.2021	30.07.2021 Nature of transaction Cancellation of shares	30.07.2021 Amount of the change in share capital -€600,000.00	30.07.2021 Share premiums	30.07.2021 Amount of share capital on completion of the transaction €111,534,349.60	30.07.2021 Number of shares created or cancelled -3,000,000	30.07.2021 Number of shares after the transaction 557,671,748
31.07.2021 to 12.09.2021	31.07.2021 to 12.09.2021 Nature of transaction Employee shareholding plan	31.07.2021 to 12.09.2021 Amount of the change in share capital €1.60	31.07.2021 to 12.09.2021 Share premiums	31.07.2021 to 12.09.2021 Amount of share capital on completion of the transaction €111,534,351.20	31.07.2021 to 12.09.2021 Number of shares created or cancelled 8	31.07.2021 to 12.09.2021 Number of shares after the transaction 557,671,756
13.09.2021 to 17.11.2021	13.09.2021 to 17.11.2021 Nature of transaction Conditional grant of shares	13.09.2021 to 17.11.2021 Amount of the change in share capital €120.00	13.09.2021 to 17.11.2021 Share premiums	13.09.2021 to 17.11.2021 Amount of share capital on completion of the transaction €111,534,471.20	13.09.2021 to 17.11.2021 Number of shares created or cancelled 600	13.09.2021 to 17.11.2021 Number of shares after the transaction 557,672,356
18.11.2021 to 31.12.2021	18.11.2021 to 31.12.2021 Nature of transaction Employee shareholding plan	18.11.2021 to 31.12.2021 Amount of the change in share capital €0.80	18.11.2021 to 31.12.2021 Share premiums	18.11.2021 to 31.12.2021 Amount of share capital on completion of the transaction €111,534,472.00	18.11.2021 to 31.12.2021 Number of shares created or cancelled 4	18.11.2021 to 31.12.2021 Number of shares after the transaction 557,672,360

It should be noted that on 9 February 2022 the Board of Directors⁽¹⁾cancelled, effective as of 10 February 2022, 22,260,000 shares repurchased by L’Oréal from Nestlé as part of the agreement between L’Oréal and Nestlé, with a view to L’Oréal’s purchase of 4% of its own shares held by Nestlé.

(1) See press release of 9 February 2022.