On February 6, 2024, Coty Inc. entered into a separation agreement with Gordon von Bretten, who has been serving as Chief Transformation Officer since June 2020. Under the terms of the separation agreement, Mr. von Bretten will continue to serve in his role and receive his fixed remuneration and benefits in kind until March 31, 2024 and will receive a severance amount of EUR 325,000 (less applicable withholding and statutory deductions) payable within a month of his separation. On February 5, 2024, the Board of Directors (the ?Board?) of the Company increased its size to twelve (12) directors and appointed Gordon von Bretten as a member of the Board, effective as of April 1, 2024, with a term expiring at the 2024 annual meeting of the Company?s stockholders and until his successor is duly elected and qualified.

Mr. von Bretten will participate in the compensation arrangements for non-employee directors as described in the Company?s Proxy Statement filed with the Commission on September 21, 2023.