Estee Lauder Chairman Emeritus Leonard Lauder will not seek Board re-election

Estee Lauder announced that Chairman Emeritus Leonard Lauder has informed the company of his decision not to stand for re-election to the company’s Board of Directors at the annual meeting in November. Leonard Lauder remains Chairman Emeritus of the company. Pursuant to the stockholders’ agreement among Lauder family members and the company, Leonard Lauder has the right to designate two directors of the company. In addition to his son William Lauder, who serves as Executive Chairman, Leonard Lauder has designated his son Gary Lauder to serve on the Board. The Board has nominated Gary Lauder and will include his name among the nominees for election at the company’s annual meeting in November. Gary Lauder is the Managing Director of Lauder Partners, a Silicon Valley-based venture capital firm. He has been a venture capitalist since 1985. Leonard Lauder formally joined The Estee Lauder Companies in 1958 and served as President from 1972 to 1995 and as CEO from 1982 to 1999. He became Chairman of the Board in 1995 and served in that role through June 2009, until he was appointed Chairman Emeritus.