SAMUEL NEWHOUSE

NEWHOUSE--S.I., Jr.

Leonard A. Lauder, William P. Lauder and Fabrizio Freda, on behalf of The Estee Lauder Companies Inc., deeply mourn the passing of S.I. Newhouse, Jr. A soaring figure in the worlds of fashion, beauty and publishing, Mr. Newhouse was an arbiter of the luxury landscape. He was a trusted adviser and partner to the Company and, beginning with his close relationship with Mrs. Estee Lauder, the entire Lauder Family. The magazines led and often created by Mr. Newhouse have been instrumental in the positioning and presentation of our organization, its brands and products. From the early days of our flagship Estee Lauder brand to the present, the success of the Estee Lauder Companies has been inextricably tied to the pages of the Newhouse family's magazines. We are deeply grateful to Mr. Newhouse, and he will be greatly missed by all those who knew him. Our thoughts are with his cherished family: his wife, Victoria, his brother, Donald, his two children, Sam and Pamela, his five grandchildren and three great-grandchildren. Leonard A. Lauder Chairman Emeritus, The Estee Lauder Companies, Inc. William P. Lauder Executive Chairman, The Estee Lauder Companies, Inc. Fabrizio Freda, President and Chief Executive Officer, The Estee Lauder Companies, Inc.