“Peter Lichtenthal has over 20 years’ brand-building experience with The Estée Lauder Companies. His recent direction of Bumble and bumble has taken the brand to new horizons in fashion, innovation and specialty retailing. Peter will be an excellent addition to the Smashbox leadership team, advancing the strategic development of this growing brand,” said John Demsey.Of the continued organizational evolution, William Lauder stated, “We have always said that our greatest asset is our people. Both Jane and Peter possess the outstanding strengths and leadership skills that define us as a brand-led, strategic organization that is creativity-driven and consumer-inspired. We benefit from the growth of our leaders as we grow our Company and our exceptional brands globally, leveraging the strengths and synergies that drive our success.” The forward looking statements contained in this press release, such as those in the remarks by Mr. Lauder, Mr. Freda, Ms. Greene and Mr. Demsey 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 20, 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.