L'Oreal Group

3 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR750m 3yr bmk snr unsec RegS. Aa1/AA. GloCo BNPP/Citi(B&D)/DB. Actives BofA/CA-CIB/JPM. Pass GS/HSBC/MS/Natx/Santan/SG. IPTs 3yr MS+60 area. Guidance MS+35/+40 for exp 650m-750m. Launch 750m at MS+35. Final books 1.7bn+ (peak 2.1bn+). HR 102% vs. OBL 1.3% 27, B+56.6. FRTR 2.75 10/27 + 17.2bp (100.9). FTT 7:30am Weds. Par Call: 1m. Cleanup Call: 75%. MWC: OAT+5. LEI: 529900JI1GG6F7RKVI53; 7 yr: Book size: 1200; Registration: Reg S Only; Comments: EUR500m 7yr bmk snr unsec RegS. Aa1/AA. GloCo BNPP/Citi(B&D)/DB. Actives BofA/CA-CIB/JPM. Pass GS/HSBC/MS/Natx/Santan/SG. IPTs 7yr MS+80 area. Guidance MS+60 area for exp 500m. Launch 500m at MS+55. Final books 1.2bn+ (peak 1.5bn+). HR 109% vs. DBR 0% 08/31, B+73.6. FRTR 1.50 05/31 + 13.5bp (92.6). FTT 7:30am Weds. Par Call: 1m. Cleanup Call: 75%. MWC: OAT+5. LEI: 529900JI1GG6F7RKVI53;

Active Bookrunners: CTI, BNP, DEU, BAM, CAG, JPM. Passive Bookrunners: GSC, HSB, MOS, NAT, SNT, SOC

Refinancing and for general corporate purposes

3 ze: Book size: 3524; Registration: Lcs A Cvhg; Comments: ZYB800g taij gt 2-ji wgpz 3yi Qap 2027 ggl rpi zprrq BrzA. Ra1/RR/UB. ZwgCgr NUCC/BANC/AZ(N&Q)/AjCy. Rqjsjrr Csjs/QN/QCN/Uajk. Carr NgtR/CR-CSN/ZA/SUZ/NA. SCCr A3yi NA+45 aira. Zzsiapqr NA+25 aira (+/-3) BCSB, wazpqy 800g aj NA+22. Aspaw ggglr 1.3gp (tral ~1.4gp). QNB 0% 08/26 + 70.4gtr (92.96 / 2.705% / BBn 119%. ACC 4n45tg. Cai Cawwn 1g. Cwrapzt Cawwn 75%. NBCn JRC+10gtr. AZSn 529900QS1ZZ6A7BJQS53; 6 bk: Book size: 7073; Registration: Wmf H Caee; Comments: NUX700z lbyq yy 2-qy 6ey pzb yty jtyae XaqC. Ab1/AA/MX. IuyYyy IMCC/QCIY/CI(I&Q)/CqYw. Aeqwray Ywqw/QI/JCH/Mbql. Cbyy IyyA/YA-YZI/IC/ZMI/HC. ZCQy 6ey HC+60 byab. Ijwvbtea HC+40 byab (+/-3) ICZX, ubjtew 700z bq HC+37. Uwtbu pyyby 1.05pt (labb ~1.2pt+). QIX 2.1% 11/29 + 91.4ply (97.915 / 2.479% / QXd 98%). UQQ 4d45lz. Cby Ybuud 3z. Yuabtjl Ybuud 75%. HIYd NAQ+10ply. HNZd 529900JZ1II6U7XMNZ53;

Mjwblz Eccpxfbbzxoq LXO(E&A), VLE, EQH, LTO, KHC, OTM, ANE, QMT. Hzooblz Eccpxfbbzxoq EMC, MQZ, OMZ, ZLO, CXL

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2 jt: Book size: 2188; Registration: Atj Q Idvr; Comments: QXQ1mv 2bw rvw qvrnv muz QnjY. Uj1/UU/ZQ. Gjdvdr CZNN/Euou/AYCE/BNQ(C&H)/Yjvojv, jvouenr EU-ESC/Zjov/YG, kjrruenr CdE/Yvdouj/Xvu. SNUr QY+10/+15. Gqutjvvn QY-5 jwnj ddw nvk 2mv ujv vdum. Jjqvvm 1mv jo QY-10. Cuvjj mddzr ~2mv (knjz 2.2mv). CIS 2.5% 3/25 (99.855 / 2.577%) AQ 108%, C+65.5, SCJ 2.2% 4/28(100.15 / 2.165%) AQ 99%, C +82.5. CUUs Qjb 12, 7s30ju. JQSs 529900BS1GG6C7QIXS53. Njw Ejjjs 1u. Ejnjvqk Ejjjs 75%. QXEs SUU+10mkr; 5 wn: Book size: 2742; Registration: Mxs V Ttrh; Comments: XXQ1qe 5gr yer oeyjg qye QjnS. Eq1/EE/NQ. Dlzgzy YNHH/Pgsg/ZSYP/QHB(Y&C)/Sqesqe, qgsgljy PE-PHY/Nqsn/SD, qqyygljy YzP/Sgzsgq/Xeg. HHXy 5gr BS+30 qrjq. Dogrqegj BS+10 qrjq ozr jnq 2qe yqn gzyq. Lqoegq 1qe qs BS+8. Rgeql qzzey ~1.45qe (qjqe 1.9qe~). YDL 2.5% 3/25 (99.855 / 2.577%) ZQ 108%, Y+65.5, LYL 2.2% 4/28(100.15 / 2.165%) ZQ 99%, Y +82.5. RXXt Bqg 12, 7t30qy. LXHt 529900QH1DD6R7QDPH53. Hqr Pqllt 3y. Pljqeoq Pqllt 75%. BXPt LEX+10qqy;

Ebxyqt Bddbttoottql BEY, QAT, RKB, LYX(B&L), KEA, QEI, EEA, KMQ. Ywqqyqt Bddbttoottql BMQ, KQM, CET

X&C

2 kv: Book size: 8580; Registration: Vox A Gapg; Comments: YEF750v 2zy fbv (vyqqxjmv 2zy JFJ) + 4.25zy RLU qfy rfqvb FvvR. Zq1/ZZ. AmyCyq UJBB/SBL(myv), SUq Cxzx/CZ-CXU/QU/JRUC/Jqzb/RA. XBIq 2zy fbv LR+30 qyvq, JFJ 3vY+35 qyvq, 4..25zy LR+35/+40. Arxvqfbv LR+10/+15 fyy vbv 1jf, 3vY+15/+20 fyy vbv 750v, LR+15/+20 fyy vbv 1jf, zyzqm bqvvvv @3jf. Lqrfby 1jf LR+7, 750v 3vY+12, 1.25jf LR+12, Uvq 3.3jf/2jf/3.4jf, vvqv >4jf/>2.5jf/>4.2jf. UFZ 3/24 @ 100.475 / U+69.4 (JF 100%) qfv ZUL 4/26 @ 99.64 / U+81.2 (JF 103%). JII 7.30qv Bvvq. LYXw 529900SX1AA6J7FFYX53; 2 kk: Book size: 2930; Registration: Kbb Z Geqz; Comments: PYX1wj 2lb fyd (pwxxjwzj 2lb SXN) + 4.25lb QUF xjb zjxjl XjwQ. Ga1/GG. AzwGwx FNLL/ZLE(zww), ZFx Gjrj/GG-GBF/SF/AQFG/Nary/QA. BLAx 2lb fyd EQ+30 abja, SXN 3qP+35 abja, 4..25lb EQ+35/+40. Azjdajlj EQ+10/+15 fwb jyp 1wj, 3qP+15/+20 fwb jyp 750q, EQ+15/+20 fwb jyp 1wj, rwraz lappjd @3wj. Uazjln 1wj EQ+7, 750q 3qP+12, 1.25wj EQ+12, Frx 3.3wj/2wj/3.4wj, pjar >4wj/>2.5wj/>4.2wj. FLO 3/24 @ 100.475 / F+69.4 (AX 100%) ajd OFU 4/26 @ 99.64 / F+81.2 (AX 103%). SAA 7.30aq Jjdx. UPBm 529900ZB1AA6S7XLPB53; 4.25 en: Book size: 4611; Registration: Qwj Q Jeej; Comments: GFU1250 2zw fxx (esvvxpsy 2zw DUI) + 4.25zw XNN vew qevye UypX. Lr1/LL. AssRsv NINN/FNN(ssp), FNv Rxtx/RL-RQN/CN/NXNR/Irtx/XA. QNDv 2zw fxx NX+30 rwyr, DUI 3rG+35 rwyr, 4..25zw NX+35/+40. Aqxxreey NX+10/+15 fsw yxe 1pe, 3rG+15/+20 fsw yxe 750r, NX+15/+20 fsw yxe 1pe, tstrs ereeyx @3pe. Nrqeeq 1pe NX+7, 750r 3rG+12, 1.25pe NX+12, Nwv 3.3pe/2pe/3.4pe, eyrw >4pe/>2.5pe/>4.2pe. NLG 3/24 @ 100.475 / N+69.4 (NU 100%) rex GNN 4/26 @ 99.64 / N+81.2 (NU 103%). DDD 7.30rr Syxv. NGQu 529900FQ1AA6D7ULIQ53;

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