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Tuesday, 11/05/2013 12:50:05 PM

Tuesday, November 05, 2013 12:50:05 PM

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Ronald S. Lauder, 69, one of our founders, has served as our non-executive Chairman of the Board since our incorporation in 1994. Mr. Lauder
is a principal shareholder of The Estée Lauder Companies, Inc. (“Estée Lauder”) and has served as Chairman of Estée Lauder International and
Chairman of Clinique Laboratories, Inc., divisions of Estée Lauder, since returning to the private sector from government service in 1987. Mr.
Lauder was a Director of Estée Lauder from 1988 until 2009. From 1986 until 1987, Mr. Lauder served as U.S. Ambassador to Austria. From
1983 to 1986, Mr. Lauder served as Deputy Assistant Secretary of Defense for European and NATO Affairs. He is Chairman of the Jewish
National Fund, former Chairman of the Council of Presidents of American Jewish Organizations, a member of the Board of Governors of the
Joseph H. Lauder Institute of Management and International Studies at the University of Pennsylvania and a member of the Visiting Committee
of the Wharton School of the University of Pennsylvania. In June 2007, Mr. Lauder was elected President of the World Jewish Congress. He
received his B.S. in International Business from the Wharton School of the University of Pennsylvania. Mr. Lauder’s son-in-law, Eric
Zinterhofer, also serves as a Director. Mr. Lauder’s qualifications to sit on our Board include his many years of international business experience
and knowledge of European affairs, as well as being the Company’s founder and Chairman since its inception in 1994, providing the Board with
key institutional knowledge.