Ms. Breen and Ms. Greene will continue to report to Fabrizio Freda.We are also announcing the realignment of several global brand positions and increased responsibilities of other leaders in the Company. “We owe the success of our Company to our great leaders and people. The redesign we are announcing today expands the roles of several of our most senior executives and positions our Company for sustained profitable growth. I am confident that given their new responsibilities, this team will continue to deliver superior results, further inspiring and motivating our dynamic culture,” Mr. Lauder stated. The forward-looking statements contained in this press release, such as those in the remarks by Mr. Lauder and Mr. Freda, are subject to risks and uncertainties. Factors that could cause actual results to differ from those we expect, such as competition, changes in the beauty industry and the risks of doing business abroad, are set forth in our annual report on Form 10-K for the year ended June 30, 2012 and our quarterly report on Form 10-Q for the quarter ended September 30, 2012. The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, M•A•C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer,Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin, Michael Kors, American Beauty, Flirt!, GoodSkin Labs, Grassroots Research Labs, Tom Ford, Coach, Ojon, Smashbox, Ermenegildo Zegna, Aerin Beauty and Osiao. An electronic version of this release can be found at the Company’s Website, www.elcompanies.com.