Take part in the L’Oréal Adventure

How to choose

The method of holding

your shares?

REGISTERED SHARES AND A SHARE SAVINGS PLAN

If you hold your L’Oréal shares in a share savings plan (PEA⁽¹⁾) and you would like to benefit from the advantages of holding registered shares, in particular the loyalty bonus, while keeping the tax advantages offered by the PEA, you should choose to hold managed registered shares.

ADVANTAGES OF DIRECTLY REGISTERED SHARES

If you would also like to benefit from free management and custody fees, as well as preferential brokerage and bank fees, you should choose to hold directly registered shares. However this is only possible outside a share savings plan (PEA).

	DIRECTLY REGISTERED	MANAGED REGISTERED	BEARER
CUSTODY OF YOUR SHARES	BNP Paribas Securities Services Grands Moulins de Pantin Relations Actionnaires L’Oréal 9 rue du Débarcadère 93761 PANTIN	Managed by your financial institution
MANAGEMENT OF YOUR SHARES	Use the BNP Paribas Securities Services secure website www.planetshares.bnpparibas.com or call 0 800 66 66 66 from outside France	Managed by your financial institution
MANAGEMENT AND CUSTODY FEES TRADE ORDER	Free	Depending on your financial institution’s fees
TRADE ORDER	Placed online on the secure website www.planetshares.bnpparibas.com or to be sent to BNP Paribas Securities Services	To be sent to your financial institution
BROKERAGE AND BANK FEES	Discounted rates Brokerage rate: 0.10% excl. VAT for all orders, no minimum Bank commission: €18.10 excl. VAT for paper confirmation forms, €8.10 excl. VAT for all other orders (internet) Payment costs: free of charge for bank transfers (France or international), an additional €30 excl. VAT for all payments by cheque	Depending on you financial institution’s fees
ANNUAL TAX DECLARATION	A single tax declaration form (IFU in French) concerning trading in L’Oréal shares only is sent to you by BNP Paribas Securities Services	A single tax declaration form (IFU in French) showing all the transactions on your share account is sent to you by your financial institution
ENTITLEMENT TO LOYALTY BONUS OF +10%	Yes, for shares that have been held in registered form continuously for two full calendar years at 31 December and until the date of payment of the dividend		No
NOTICE TO ATTEND THE ANNUAL GENERAL MEETING	Automatic sending of the convening notice in paper form or in electronic form if you choose the e‑convocation		Sending of the convening notice by your financial institution on request
L’ORÉAL AND YOU	Automatic sending of the Letter to Shareholders, invitations to shareholder meetings in your region, participation in events arranged specifically for registered shareholders⁽¹⁾		Sending of invitations and information on request by email

In French, Plan d’épargne en actions.
Upon registration and within the limit of available places.