1St Quarter 2002 Sales
€ 3.7 Billion: An Increase Of 9.3% Group

Clichy, Thursday 4th April, 2002, 8am

The consolidated sales of L'OREAL, up to 31st March, 2002, reached € 3.7 billion. Sales growth compared with the 1st quarter 2001 was +9.3%.

Exchange rate fluctuations had a positive impact of 1.3%. Growth excluding exchange rate fluctuations was thus 8%.

The net effect of changes in the consolidation structure was -0.5%.

On a like-for-like basis, i.e. with an identical structure and exchange rates, the group's consolidated sales would have been 8.5%.

Sales growth in each of the group's two main branches was as follows:

. consolidated figures excl. exchange rate fluctuations
Cosmetics + 9,6 % + 8,3 %
Dermatology + 27,7 % + 24,5 %
Total(¹) + 9,3 % + 8 %
(¹) including "Miscellaneous businesses"



Contacts at L'ORÉAL
Shareholders and Market Authorities
M. François ARCHAMBAULT
Tel : +33(0)1.47.56.83.45
[email protected]
http://www.loreal-finance.com
Financial Analysts and Institutional Investors
Mme Caroline MILLOT
Tel : +33(0)1.47.56.86.82
Fax : +33(0)1.47.56.80.02
Journalists
M. Lorrain KRESSMANN
Tel : +33(0)1.47.56.40.24
[email protected]
For further information, please consult your bank, broker or other financial institution, or your usual newspapers. Alternatively, you may consult the Internet site specially for shareholders and investors, http://www.loreal-finance.com or call the following number +33 1 58 13 51 36.

Extensive live coverage of the annual presentation of the 2001 financial results will be available online at the http://www.loreal-finance.com site on Thursday, 4th April, 2002 from 10.45am onwards.

L'OREAL - 41 rue Martre - 92117 CLICHY -France