L'Oréal / The Body Shop: Offer declared unconditional as to acceptances

L'Oreal offer to The Body Shop International shareholders declared unconditional as to acceptances

L'Oréal announces that, as at 1.00 p.m. (London Time) on 31 May 2006, being the second closing date of the recommended cash offer for the entire ordinary share capital of The Body Shop International PLC ("The Body Shop"), valid acceptances of the Offer had been received in respect of 184,205,367 The Body Shop Shares (representing approximately 94.4 per cent of the Body Shop Shares to which the Offer relates). Therefore, including the 22,800,000 The Body Shop Shares already held by L'Oréal, L'Oréal has acquired, or received valid acceptances of the Offer in respect of 207,005,367 The Body Shop Shares in aggregate representing approximately 95 per cent of the existing issued ordinary share capital of The Body Shop.

The acceptance condition of the Offer as set out in paragraph 1 of Part A of Appendix I to the Offer Document has now been satisfied and the Offer is declared unconditional as to acceptances. The Offer, which remains subject to the terms and conditions set out in the Offer Document, will remain open for acceptance until further notice.

"This news release does not constitute an offer to sell, or a solicitation of an offer to buy, L’Oréal shares. If you wish to obtain more comprehensive information about L’Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers.
This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements."

Contacts at L'OREAL

Individual shareholders and market authorities
Mr Jean-Régis CAROF
Tel. : +33.1.47.56.83.02
http://www.loreal-finance.com

Financial analysts and institutional investors
Mrs Caroline MILLOT
Tel. : +33.1.47.56.86.82
Fax : +33.1.47.56.80.02

Journalists
Mr Mike RUMSBY
Tel. : +33.1.47.56.76.71
http://www.loreal.com

L'Oreal offer to The Body Shop International shareholders declared unconditional as to acceptances - RNS Announcement