7 7.5.2.2.3. 20-year evolution of a portfolio of approximately €15,000 invested in L’Oréal shares with  reinvestment of dividends and share attribution rights Date of transaction Nature of transaction Investment (€) Income (€) Number of shares after the transaction 31.12.2001 Purchase of 185 shares at €80.90 14,966.50 185 04.06.2002 Dividend: €0.54 per share 99.90 185   Reinvestment: purchase of 2 shares at €74.95 149.90 187 27.05.2003 Dividend: €0.64 per share 119.68 187   Reinvestment: purchase of 2 shares at €61.10 122.20 189 14.05.2004 Dividend: €0.73 per share 137.97 189   Reinvestment: purchase of 3 shares at €63.65 190.95 192 11.05.2005 Dividend: €0.82 per share 157.44 192   Reinvestment: purchase of 3 shares at €56.50 169.50 195 10.05.2006 Dividend: €1.00 per share 195.00 195   Reinvestment: purchase of 3 shares at €72.65 217.95 198 03.05.2007 Dividend: €1.18 per share 233.64 198   Reinvestment: purchase of 3 shares at €86.67 260.01 201 30.04.2008 Dividend: €1.38 per share 277.38 201   Reinvestment: purchase of 4 shares at €76.21 304.84 205 24.04.2009 Dividend: €1.44 per share 295.20 205   Reinvestment: purchase of 6 shares at €52.02 312.09 211 05.05.2010 Dividend: €1.50 per share 316.50 211   Reinvestment: purchase of 4 shares at €76.77 383.85 216 04.05.2011 Dividend: €1.80 per share 388.80 216   Reinvestment: purchase of 5 shares at €85.79 428.95 221 03.05.2012 Dividend: €2.00 per share 442.00 221   Reinvestment: purchase of 5 shares at €92.84 464.20 226 10.05.2013 Dividend: €2.30 per share 519.80 226   Reinvestment: purchase of 4 shares at €134.05 536.20 230 05.05.2014 Dividend: €2.50 per share 575.00 230   Reinvestment: purchase of 5 shares at €123.90 619.50 235 07.05.2015 Dividend: €2.70 per share 634.50 235   Reinvestment: purchase of 4 shares at €168.60 674.40 239 03.05.2016 Dividend: €3.10 per share 740.90 239   Reinvestment: purchase of 5 shares at €157.80 789.00 244 03.05.2017 Dividend: €3.30 per share 805.20 244   Reinvestment: purchase of 5 shares at €184.55 922.75 249 27.04.2018 Dividend: €3.55 per share 883.95 249   Reinvestment: purchase of 5 shares at €196.90 984.50 254 30.04.2019 Dividend: €3.85 per share 977.90 254   Reinvestment: purchase of 4 shares at €245.10 980.40 258 07.07.2020 Dividend: €3.85 per share 993.30 258   Reinvestment: purchase of 4 shares at €288.30 1,153.20 262 29.04.2021 Dividend: €4.00 per share 1,048.00 262 Reinvestment: purchase of 4 shares at €343.10 1,372.40 266 TOTAL 26,003 .29 9,842.06 TOTAL NET INVESTMENT 16,161 .22 Portfolio value at 31 December 2021 (266 shares at €416.95, price at 31 December 2021): €110,908.70. The initial capital has thus been multiplied by 7.4 over 20 years (20-year inflation rate =  27.4% – Source: INSEE) and the final capital is 6.9 times the total net investment. The Total Shareholder Return of the investment is thus 10.4% per year (assuming that the shares are sold on 31 December 2021, excluding tax on capital gains). NOTE: Any income tax that may be paid by the investor as a result of the successive dividend payments is not taken into account. 7.5.2.3. Divide nds The limitation period for dividends is five years. Any dividends for which payment has not been requested are paid to the French Deposits and Consignments Fund ( La Caisse des Dépôts et Consignations) . L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 397 STOCK MARKET INFORMATION SHARE CAPITAL The L’Oréal share/the share market