The Moroccan Capital Markets Authority has approved the prospectus for L’Oréal’s issuance of new shares reserved exclusively for group employees. The capital increase covers a maximum of 300,000 shares, with the offer in Morocco aimed at employees of L’Oréal Maroc. The subscription price is set at EUR 292.76, equivalent to MAD 3,128.61. In Morocco, the subscription period runs from June 16 to June 24, 2026, inclusive. The approved prospectus is supplemented by the key information documents for the L’Oréal Employee Share Plan and L’Oréal Employee Share Plan Relais 2026, the April 7, 2026 version of the group international shareholding plan bylaws, and L’Oréal’s universal registration document filed with the French Financial Markets Authority under reference D.26-0105.