The Estée Lauder Companies Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding The Estée Lauder Companies Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of The Estée Lauder Companies Inc. or its management. The Estée Lauder Companies Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.