Estée Lauder Companies Holds Annual Meeting of Stockholders

The Estée Lauder Companies Inc. (NYSE: EL) held its annual meeting of stockholders today in New York City. William P. Lauder, Executive Chairman, conducted the meeting. Fabrizio Freda, President and Chief Executive Officer, reviewed fiscal 2009 financial results, described the Company’s strategies and answered questions from stockholders. At the meeting, stockholders re-elected Rose Marie Bravo, Paul J. Fribourg, Melody Hobson, Irvine O. Hockaday, Jr., and Barry S. Sternlicht to the Board of Directors. Stockholders also ratified the appointment of KPMG LLP as independent auditors for the current fiscal year. Additionally, the Company announced it has resumed its share repurchase program. Repurchases will be made from time to time in the open market or in private transactions, and there will be no specific time frame.

The forward-looking statements in this press release involve risks and uncertainties. Factors that could cause actual results to differ materially from those forward-looking statements include unexpected changes in the Company's needs for cash, changes in interest rates and changes in law.

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 140 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!, Good Skin™, Grassroots Research Labs, Sean John, Missoni, Daisy Fuentes, Tom Ford, Coach and Ojon.

An electronic version of this release can be found at the Company’s website, www.elcompanies.com.