Eligible beneficiaries will have the opportunity to acquire L'Oréal shares through a so-called 'classic' subscription formula. They will also benefit from an employer contribution under the conditions described in the documentation prepared for them.

The subscription period will run from June 10 to June 24, 2026.

Settlement and delivery of the offer is scheduled for July 30, 2026.

The subscription price for the shares was set on June 5, 2026, and is equal to the average of the opening prices of L'Oréal shares on the Euronext Paris market during the twenty trading days preceding this decision, less a 20% discount.

Shares subscribed directly, as well as units from the Employee Shareholding Fund (FCPE), will be locked in for a five-year period, except in the event of early release as provided for by French regulations and subject to their applicability in the various countries where the offer is deployed.