Proposed appointment of Mrs Annette ROUX as a director

The Board of Directors of L’Oréal met on Wednesday, February 14th 2007 under the chairmanship of Sir Lindsay Owen-Jones and decided on the resolutions to be submitted to the Combined Shareholders' Meeting on April 24th 2007.

The Board will propose to the Shareholders' Meeting on April 24th 2007 the appointment as a director of Mrs Annette ROUX, Vice-Chairman of the Supervisory Board of BENETEAU SA.

Mrs Annette ROUX took over the helm of BENETEAU, then a family business, in 1964 and has succeeded in building an international group, which is the world leader in its market sector.
This extraordinary success owes a lot to the personal qualities of Mrs Annette ROUX, a woman of conviction, who is open-minded and extremely dynamic and has used her talents to bolster the development of her company, listed on the Paris stock exchange since 1984.

Commenting on this proposal, Sir Lindsay Owen-Jones said: "We are very pleased to welcome Mrs ROUX as a member of the Board of Directors of L’Oréal. Mrs ROUX embodies one of the most outstanding success stories in French industry. Her competence, her experience and her independence will help to strengthen and enrich our Board”.

Furthermore, and pursuant to the authorisations granted by the Annual General Meetings of May 22nd 2003 and April 25th 2006, the Board has decided to cancel 13,490,750 shares.

The details of the resolutions to be submitted to the shareholders for their approval and the meeting notices and other documents required for the Shareholders' Meeting on April 24th will be published or sent to the shareholders in accordance with the applicable regulations.
"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 Financier [they are also available in English on our website].
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
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Financial analysts and institutional investors
Mrs Caroline MILLOT
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