Avon Products, Inc. announced the early tender results in connection with its previously announced offer to purchase for cash any and all of its outstanding 6.950% Notes due 2043 and related consent solicitation. The early tender date for the Tender Offer (as amended on July 24, 2023) was 5:00 p.m., New York City time, August 2, 2023. According to information received from D.F. King & Co., Inc., the tender and information agent for the Tender Offer and Consent Solicitation on August 2, 2023, the Company had received Notes validly tendered and consents representing an aggregate principal amount equal to USD 193,962,000 (or 89.76% of the aggregate principal amount outstanding of Notes as of the date of this press release) and, as announced on July 24, 2023, has obtained the Requisite Consents necessary to give effect to the Proposed Amendments.

Consequently, as previously announced, the Company expects to execute the Twelfth Supplemental Indenture effecting the Proposed Amendments on or prior to the Early Settlement Date. The Twelfth Supplemental Indenture will become effective upon its execution and delivery by the Company and the Trustee but will not become operative until the Company has paid the consent payment in full. The following table sets out certain information relating to the Tender Offer: Title of Security: 6.950% Notes due 2043; ISIN/CUSIP: US054303AZ59/054303 AZ5; Principal Outstanding Amount: USD 216,085,000; Tender Offer Consideration(1): USD 1,187.50; Early Tender Payment(1)(2): USD 50.0; Total Consideration(1): USD 1,237.50.

The Tender Offer and related Consent Solicitation will expire on August 7, 2023, unless extended or earlier terminated by us (such time and date, as it may be extended or earlier terminated with respect to the Tender Offer, the "Expiration Date").