REGISTRATION DOCUMENT / L'Oréal 2016

ANNUAL FINANCIAL REPORTINTEGRATED REPORT2016 REGISTRATIONDOCUMENTC ontentDetailed chapter contents can be found at the beginning of each chapter.* This information forms an integral part of the Annual Financial report as provided in the Article L. 451-1-2 of the French Monetary and Financial INTEGRATED REPORT PRESENTATION OF THE GROUP 5 The L Or al Group: clear strategy: Beauty for *Good growth momentum for shared, lasting organisation that serves the Group s Control and risk management system GOVERNANCE *43governance principlesFramework for implementation of the corporate of the Board of and modus operandi of the Board of of the members of the Board of of the executive table of the recommendations of the Code which have not been applied98L Or al shares in 2016 Summary of trading by Directors and executive officers in factors and control auditors' *ENVIRONMENTAL AND SOCIETAL L OR AL S CORPORATE SOCIAL, 125societal policiesThe L Or al Group s corporate social, environmental and Sharing Beauty With All of by the Statutory * 2016 CONSOLIDATED FINANCIAL 209 Compared consolidated income statement of comprehensive consolidated balance statements of changes in consolidated statements of cash to the consolidated financial companies at December 31st.

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