L’Oréal Disposes Of Marie-Claire Interest Group

L'ORÉAL has accepted a proposal to dispose of the whole of its interest in the MARIE-CLAIRE group to HOLDING EVELYNE PROUVOST, controlled by Mrs Evelyne PROUVOST and her family, who have announced their plan to join forces with HACHETTE FILIPACCHI MEDIAS.

L'ORÉAL has taken this decision in view of the excellent relations the group has always maintained with Mrs Evelyne PROUVOST and also the substantial financial offer made by HOLDING EVELYNE PROUVOST.

The deal is expected to be completed within a few weeks and it will generate an important capital gain for the Group.

It will appear in the financial statement for the first half of 2001.