Notice of the L'OREAL Annual General Meeting

The Annual General Meeting will be held at 10 a.m. on Tuesday 26 May at L'OREAL headquarters at 41 rue Martre, 92117 Clichy, France (1). The agenda will be as follows:
  • The reports of the Board of Directors and the Statutory Auditors on the accounts for the year ended 31 December 1997;

  • Review and approval of the accounts for the year ended 31 December 1997;

  • Appropriation of the CompanyÂ’s income and declaration of the dividend;

  • Setting of Directors' attendance fees;

  • Approval of any agreements covered by Article 101 of the French Companies Act of 24 July 1966;

  • Discharge of the Company Directors;

  • Re-election of four Company Directors;

  • Appointment of a new Director;

  • Reappointment of the Statutory Auditor and replacement of his substitute;

  • Appointment of a new Statutory Auditor and his substitute;

  • Renewal of the authorisation to the Company to trade in its own shares on the Stock Exchange, up to a maximum limit of 1% of its own capital.

Shareholders and holders of voting right certificates, having duly provided proof of status and in possession of an admission card, are entitled to participate in the General Meeting.

To be eligible to attend or to appoint a representative at the General Meeting, holders of registered shares and voting right certificates must be shareholders of record at least five days before the General Meeting. Proof of identity will be required for admission to the Meeting.

Holders of bearer shares must, at least five days before the General Meeting, lodge a certificate issued by the custodian of their shares to the effect that said shares are placed in a blocked account until the date of the General Meeting.

They may also request a proxy form allowing them to vote by mail or to appoint a representative to attend the Meeting.

The certificate and the proxy form should be sent to one of the following institutions:
  • Banque Nationale de Paris - 16 Boulevard des Italiens - 75009 Paris

  • Crédit Lyonnais - 19 Boulevard des Italiens - 75009 Paris

  • Société Générale - 29 Boulevard Haussmann - 75009 Paris

  • Crédit Agricole - Indosuez - 96 Boulevard Haussmann - 75008 Paris.

(1) The meeting will be held in French with no simultaneous nterpretation.