Message by Nicolas Hieronimus

L'Oréal is a collective adventure, and our success relies on the unwavering commitment of our teams. Day after day, you demonstrate just how much this commitment sets us apart and makes us stronger.

That’s why in 2018, we launched an employee share plan, which is now renewed annually – designed bring you closer to the strategy and future of the company and share in its success.

This global plan has been met with great enthusiasm since it was first launched. Today, 45,000 of you - that's one in two of our employees - are shareholders in our company. This is a testament to your confidence in L'Oréal's future, and for that, I am deeply grateful.

The 2026 edition of our employee shareholding plan, set to begin in June 2026, will once again allow every eligible employee to subscribe to Group shares under favorable conditions.

I invite you to discover the details of this new plan, which I hope will once again be met with great excitement.

I thank you for your loyalty and assure you of my own commitment to ensure that L'Oréal remains a successful company that, with and thanks to you, creates the beauty that moves the world forward.

NICOLAS HIERONIMUS

CEO