7 . 7.3.6. Buyback by the Company of its own shares 7.3.6.1. Information concerning share buybacks during the 2021 financial year During the 2021 financial year, the Company redeemed 25,260,000 of its own shares, in accordance with the authorisation approved by the Annual General Meeting of 20 April 2021. The table below summarises by purpose the transactions carried out in this context and the use made of the securities redeemed: Date of authorisation of the Annual General Meeting 16 th resolution of 20 April 2021 Authorisation expiry date 19 October 2022 Maximum amount of authorised buybacks 10% of the share capital on the date of the buybacks (i.e. as in indication, 55,987,158 shares at 31 December 2020) Maximum purchase price per share (excluding costs) €400 Authorised purposes Cancellation Employee shareholding Free grants of shares Liquidity and market stabilisation External growth Board of Directors’ meeting that  decided on the buybacks 20 April 2021and 7 December 2021 Purpose of buybacks Cancellation Period of buybacks made From 3 May 2021 to 18 June 2021and 15 December 2021 Number of shares bought back 3,000,000* and 22,260,000** Average purchase price per share €367.28*** and €400*** Use of shares bought back Cancellation of 3,000,000 shares 22,260,000 shares redeemed for cancellation**** * These shares were cancelled on 30 July 2021. ** Buyback by L’Oréal of 4% of its own shares held by Nestlé. *** Excluding expenses. **** These shares were cancelled after the end of the 2021 financial year on 9 February 2022 once the Board of Directors had decided on this cancellation, with effect from 10 February 2022. 7.3.6.2. Transactions carried out by L’Oréal with respect to  its shares in 2021 Percentage of directly and indirectly self-held capital as at 31 December 2021, of which: 4.0% ● backed by stock option plans 0.0% ● backed by conditional shares 0.0% ● intended for cancellation 4.0% Number of shares cancelled over the previous 24  months 3,000,000 Number of securities held in the portfolio as at 31.12.2021 22,260,000 Net book value of the portfolio as at 31.12.2021 €8,904,000,000 Market value of the portfolio as at 31.12.2021 €9,281,307,000 Gross cumulative flows Purchases Sales/Transfers* Number of securities N/A N/A Average transaction price N/A N/A Average exercise price N/A N/A Amounts N/A N/A *Exercise and cancellation of stock options granted to employees and corporate officers of Group companies. No use was made of derivatives to make the share buybacks. There was no open purchase or sale position at 31 December 2021. 386 L ’ ORÉAL I UNIVERSAL REGISTRATION DOCUMENT 2021 STOCK MARKET INFORMATION SHARE CAPITAL Shareholder structure