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L'Oreal SA

Ticker: OR

Meeting date: 26/04/2013

Meeting type: Annual/Special

Proposal Mgt rec Vote
Management proposals
1 Proposal Approve Financial Statements and Statutory Reports Mgt rec For Vote For
2 Proposal Accept Consolidated Financial Statements and Statutory Reports Mgt rec For Vote For
3 Proposal Approve Allocation of Income and Dividends of EUR 2.30 per Share Mgt rec For Vote For
4 Proposal Elect Virgine Morgon as Director Mgt rec For Vote For
5 Proposal Reelect Francoise Bettencourt Meyers as Director Mgt rec For Vote For
6 Proposal Reelect Peter Brabeck-Letmathe as Director Mgt rec For Vote For
7 Proposal Reelect Louis Schweitzer as Director Mgt rec For Vote For
8 Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgt rec For Vote For
9 Proposal Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights, and/or Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value, up to Aggregate Nominal Amount of EUR 169,207,813.88 Mgt rec For Vote For
10 Proposal Authorize up to 0.6 Percent of Issued Capital for Use in Restricted Stock Plan Mgt rec For Vote For
11 Proposal Approve Employee Stock Purchase Plan Mgt rec For Vote For
12 Proposal Authorize Filing of Required Documents/Other Formalities Mgt rec For Vote For


This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:

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