2025 Universal Registration Document

7. Information on the Company and the share capital

7.3 Ownership structure

STRUCTURE OF SHARE OWNERSHIP AS AT 31 DECEMBER 2025

This diagram presents the structure of share ownership as at 31 December 2025, in the form of a donut chart.

Françoise Bettencourt Meyers and family⁽¹⁾: 34.79%

Nestlé⁽²⁾: 20.16%

International institutional investors: 30.43%

French institutional investors: 6.59%

Individual shareholders: 5.97%

Employees⁽³⁾: 2.06%

Consisting of Françoise Bettencourt Meyers, Jean-Pierre Meyers, Jean-Victor Meyers and Nicolas Meyers, in addition to the companies Téthys SAS and FinancièreL’Arcouest SAS.
Nestlé's stake is owned by Nestlé Equity Holdings Limited, a company owned by NTC Europe S.A. and by Société des Produits Nestlé SA, themselves directly orindirectly wholly owned by Nestlé SA.
With regard to employees and former employees of L’Oréal, the percentage also includes the performance shares granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 1.11% of the share capital as part of the L’Oréal employee savings scheme and employee investment funds as defined byArticle L. 225-102 of the French Commercial Code.

7.3.1 Legal entities or individuals acting in concert to the Company’s knowledge

The Bettencourt Meyers family consists of Françoise Bettencourt Meyers, Jean-Pierre Meyers, Jean-Victor Meyers and Nicolas Meyers, along with the companies Téthys SAS and Financière L’Arcouest SAS.

The following Nestlé group companies act in concert: Nestlé Equity Holdings Limited, Nestlé S.A. , Société des Produits Nestlé S.A. and NTC-Europe S.A. (see 7.3.2.).

As a reminder, following the expiry of the agreement concluded in 2004 between the Bettencourt Meyers family on the one hand and Nestlé SA on the other, these two shareholders have not acted in concert since 21 March 2018.