2025 Universal Registration Document

Dialogue with shareholders and investors:

• Information and discussion about the expectations and positions of the main investors and proxy advisors, as expressed during meetings with the Company's departments responsible for preparing for the General Meeting;
• Information and discussion about the assessment of "shareholder relations": roadshows, conferences, events and meetings on specific topics, particularly CSR issues;
• Information and discussion about variations in investor expectations before and after the publication of results; and
• Responses to written questions put forward by shareholders prior to the General Meeting.

Review of current agreements and the independence of Directors

Remuneration policy, Human Resources and gender balance within the management bodies

• Discussion of the 2025 remuneration policy for corporate officers, including the Chairman of the Board of Directors and the Chief Executive Officer;
• Setting the 2024 remuneration for corporate officers and assessing the Chief Executive Officer's performance;
• Adoption of the Performance Share Plan (ACAs) of 10 October 2025;
• Review of the fourth employee share ownership plan;
• Information and discussion on the Group's Human Resources policy, including the remuneration policy, diversity and gender balance policy, professional gender equality, talent retention and L'Oréal's attractiveness as an employer, transformation of working methods, social responsibility, value sharing, Pulse results (internal employee engagement survey); and
• Keeping the target gender balance for strategic positions (60/40), which is relevant in view of the fact that 58% of the Group's key positions were held by women as of 31 December 2025.