<SEC-DOCUMENT>0001104659-24-012580.txt : 20240209
<SEC-HEADER>0001104659-24-012580.hdr.sgml : 20240209
<ACCEPTANCE-DATETIME>20240209071924
ACCESSION NUMBER:		0001104659-24-012580
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240209
DATE AS OF CHANGE:		20240209

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ESTEE LAUDER COMPANIES INC
		CENTRAL INDEX KEY:			0001001250
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				112408943
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-48157
		FILM NUMBER:		24611159

	BUSINESS ADDRESS:	
		STREET 1:		767 FIFTH AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153
		BUSINESS PHONE:		2125724200

	MAIL ADDRESS:	
		STREET 1:		767 FIFTH AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAUDER GARY M
		CENTRAL INDEX KEY:			0001008088
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	MAIL ADDRESS:	
		STREET 1:		14600 WINCHESTER BLVD
		CITY:			LOS GATOS
		STATE:			CA
		ZIP:			95030
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>tm244894d1_sc13ga.htm
<DESCRIPTION>SC 13G/A
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington, D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13G</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Under the Securities Exchange Act of 1934<BR>
(Amendment No.&nbsp;21)*</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid"><B>The Est&eacute;e
Lauder Companies Inc.</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid"><B>Class&nbsp;A
Common Stock, par value $0.01 per share</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Title of Class&nbsp;of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid"><B>518439 10 4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid"><B>December&nbsp;31,
2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Date of Event Which Requires Filing of this Statement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box to designate the rule&nbsp;pursuant to which
this Schedule is filed:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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    <TD STYLE="width: 9%; padding: 3pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: Black"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 91%; padding: 3pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Rule&nbsp;13d-1(b)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 3pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: Black"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Rule&nbsp;13d-1(c)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 3pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: Black"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Rule&nbsp;13d-1(d)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*The remainder of this cover page&nbsp;shall be filled out for a reporting
person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information required in the remainder of this cover page&nbsp;shall
not be deemed to be &ldquo;filed&rdquo; for the purpose of Section&nbsp;18 of the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt">CUSIP No.&nbsp;518439 10 4</TD>
<TD STYLE="border-bottom: black 1pt solid; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt; text-align: center"><B>SCHEDULE 13G</B></TD>
<TD STYLE="border-bottom: black 1pt solid; padding-top: 3.25pt; padding-bottom: 3.5pt">&nbsp;</TD></TR>
<TR>
<TD COLSPAN="8" STYLE="padding-top: 2.2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">1</TD>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt">Names of Reporting Persons<BR> Gary M. Lauder</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="8" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">2</TD>
<TD COLSPAN="6" STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">Check the Appropriate Box if a Member of a Group * (See Instructions)</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">(a)</TD>
<TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></FONT></TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">(b)</TD>
<TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="8" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">3</TD>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt">SEC Use Only</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="8" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">4</TD>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt">Citizenship or Place of Organization <BR> United States of America</TD></TR>
<TR>
<TD COLSPAN="3" STYLE="padding-top: 2pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding-top: 2pt">&nbsp;</TD>
<TD COLSPAN="3" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD COLSPAN="3" ROWSPAN="7" STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">Number of<BR> Shares<BR> Beneficially<BR> Owned by<BR> Each<BR> Reporting<BR> Person With</TD>
<TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">5</TD>
<TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt">Sole Voting Power<BR> 56,208<BR>
 (see Item 4)</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="5" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">6</TD>
<TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt">Shared Voting Power<BR> 0 <BR>
(see Item 4)</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="5" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">7</TD>
<TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt">Sole Dispositive Power<BR> 56,208<BR>
 (see Item 4)</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="5" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">8</TD>
<TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt">Shared Dispositive Power<BR> 0<BR>
 (see Item 4)</TD></TR>
<TR>
<TD COLSPAN="8" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">9</TD>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt">Aggregate Amount Beneficially Owned by Each Reporting Person<BR> 56,208<BR>
 (see Item 4)</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="8" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">10</TD>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt">Check Box if the Aggregate Amount in Row (9)&nbsp;Excludes Certain Shares (See Instructions) <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="8" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">11</TD>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 3.25pt; padding-bottom: 3.5pt">Percent of Class&nbsp;Represented by Amount in Row 9<BR> 0.02%<BR>
 (see Item 4)</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="8" STYLE="padding-top: 2pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding-top: 3.25pt; padding-bottom: 3.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.25pt; font-size: 10pt">12</TD>
<TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; vertical-align: top; padding-top: 3.25pt; padding-bottom: 3.5pt; font-size: 10pt">Type of Reporting Person (See Instructions)<BR> IN</TD></TR>
<TR>
<TD STYLE="width: 2%">&nbsp;</TD>
<TD STYLE="width: 4%">&nbsp;</TD>
<TD STYLE="width: 5%">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 5%">&nbsp;</TD>
<TD STYLE="width: 17%">&nbsp;</TD>
<TD STYLE="width: 35%">&nbsp;</TD>
<TD STYLE="width: 31%">&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; width: 9%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 1(a).</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 3.5pt; width: 91%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name of Issuer:<BR>
The Est&eacute;e Lauder Companies Inc. (the &ldquo;Issuer&rdquo;)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt; vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 1(b).</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address of Issuer&rsquo;s Principal Executive Offices<BR>
767 Fifth Avenue<BR>
New York, NY 10153</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 2(a).</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name of Person Filing:<BR>
Gary M. Lauder (the &ldquo;Reporting Person&rdquo;)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt; vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 2(b).</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address of Principal Business Office or, if none, Residence:<BR>
767 Fifth Avenue <BR>
New York, NY 10153</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt; vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 2(c).</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Citizenship:<BR>
United States of America</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt; vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 2(d).</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title of Class&nbsp;of Securities:<BR>
Class&nbsp;A Common Stock, par value $0.01 per share</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt; vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 2(e).</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CUSIP Number:<BR>
518439 10 4</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 3.</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 0.25pt 3.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not Applicable</FONT></TD></TR>
  </TABLE>



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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 4.</B></FONT></TD>
    <TD STYLE="width: 91%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ownership</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: -0.35in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;As of December&nbsp;31,
2023, the Reporting Person beneficially owned 56,208 shares of Class&nbsp;A Common Stock as follows: (i)&nbsp;5,234 shares of Class&nbsp;A
Common Stock and 22,870 shares of Class&nbsp;B Common Stock, par value $.01 per share, of the Issuer (the &ldquo;Class&nbsp;B Common
Stock&rdquo;), as custodian under the New York Uniform Transfers to Minors Act for the benefit of Danielle Lauder and (ii)&nbsp;5,234
shares of Class&nbsp;A Common Stock and 22,870 shares of Class&nbsp;B Common Stock as custodian under the New York Uniform Transfers
to Minors Act for the benefit of Rachel Lauder.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: -0.35in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: -0.35in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The responses of the
Reporting Person to Row (11) of the cover pages&nbsp;of this Schedule 13G are incorporated herein by reference. Each share of Class&nbsp;B
Common Stock is convertible at the option of the holder into one share of Class&nbsp;A Common Stock and is automatically converted into
one share of Class&nbsp;A Common Stock upon transfer to a person who is not a Permitted Transferee, as that term is defined in the Issuer&rsquo;s
Restated Certificate of Incorporation. Assuming conversion of all such shares of Class&nbsp;B Common Stock beneficially owned by the
Reporting Person, the Reporting Person would beneficially own 56,208 shares of Class&nbsp;A Common Stock, which would constitute 0.02%
of the number of shares of Class&nbsp;A Common Stock outstanding.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: -0.35in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">Each share of Class&nbsp;A Common Stock entitles the holder
    to one vote on each matter submitted to a vote of the Issuer&rsquo;s stockholders and each share of Class&nbsp;B Common Stock entitles
    the holder to ten votes on each such matter, including the election of directors of the Issuer. Assuming no conversion of any of the outstanding
    shares of Class&nbsp;B Common Stock, the 10,468 shares of Class&nbsp;A Common Stock and the 45,740 shares of Class&nbsp;B Common Stock
    beneficially owned by the Reporting Person constitute 0.03% of the aggregate voting power of the Issuer.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: -0.35in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
responses of the Reporting Person to Rows (5)&nbsp;through (8)&nbsp;of the cover pages&nbsp;of this Schedule 13G are incorporated herein
by reference. The Reporting Person has sole voting and dispositive power with respect to (i)&nbsp;the 5,234 shares of Class&nbsp;A Common
Stock and the 22,870 shares of Class&nbsp;B Common Stock held by the Reporting Person as custodian for Danielle Lauder; and (ii)&nbsp;the
5,234 shares of Class&nbsp;A Common Stock and the 22,870 shares of Class&nbsp;B Common Stock held by the Reporting Person as custodian
for Rachel Lauder.</P></TD></TR>
  <TR>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 5.</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ownership of Five Percent or Less of a Class</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not Applicable</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 6.</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ownership of More than Five Percent on Behalf of Another Person</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Danielle Lauder, as the beneficiary of the 5,234 shares of Class&nbsp;A Common Stock and the 22,870 shares of Class&nbsp;B Common Stock held by the Reporting Person as custodian for her benefit under the New York Uniform Transfers to Minors Act, has the right to receive dividends from, or the proceeds from the sale of, such shares of Class&nbsp;A Common Stock and Class&nbsp;B Common Stock. Rachel Lauder, as the beneficiary of the 5,234 shares of Class&nbsp;A Common Stock and the 22,870 shares of Class&nbsp;B Common Stock held by the Reporting Person as custodian for her benefit under the New York Uniform Transfers to Minors Act, has the right to receive dividends from, or the proceeds from the sale of, such shares of Class&nbsp;A Common Stock and Class&nbsp;B Common Stock.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 7.</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Not Applicable</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt; width: 9%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 8.</B></FONT></TD>
    <TD STYLE="font-size: 10pt; width: 91%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Identification and Classification of Members of the Group</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Reporting Person is a party to a Stockholders&rsquo; Agreement (the &ldquo;Stockholders&rsquo; Agreement&rdquo;), dated November&nbsp;22, 1995, as amended, among the parties listed on Exhibit&nbsp;A attached hereto. The stockholders who are parties to the Stockholders&rsquo; Agreement have agreed to vote in favor of the election of Leonard A. Lauder (or one of his sons) and Ronald S. Lauder (or one of his daughters) and one designee of each as directors of the Issuer. The Stockholders&rsquo; Agreement also contains certain limitations on the transfer of shares of Class&nbsp;A Common Stock. Each stockholder who is a party to the Stockholders&rsquo; Agreement has agreed to grant to the other parties a right of first offer to purchase shares of Class&nbsp;A Common Stock of the stockholder in the event the stockholder intends to sell to a person (or group of persons) who is not a Lauder Family Member, as defined therein, except in certain circumstances, such as sales in a widely distributed underwritten public offering or sales made in compliance with Rule&nbsp;144. To the Reporting Person&rsquo;s knowledge, the aggregate number of shares subject to the Stockholders&rsquo; Agreement represents approximately 84% of the voting power of the Issuer.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 9.</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Notice of Dissolution of Group</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not Applicable</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 10.</B></FONT></TD>
    <TD STYLE="width: 91%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Certifications</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not Applicable</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">After reasonable inquiry and to the best of the
knowledge and belief of the undersigned, the undersigned hereby certifies that the information set forth in this statement is true, complete
and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 0.25pt 0.25pt 0.5in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: February&nbsp;8, 2024</P></TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 5%; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/Gary M. Lauder</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gary M. Lauder</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT&nbsp;INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 88%; padding: 0.25pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">List of Parties to the Stockholders&rsquo; Agreement</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I><U>EXHIBIT&nbsp;A</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>List of Parties to the Stockholders&rsquo; Agreement
(as of December&nbsp;31, 2023)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Leonard A. Lauder, (a)&nbsp;individually and (b)&nbsp;as Trustee of
The Leonard A. Lauder 2013 Revocable Trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ronald S. Lauder, (a)&nbsp;individually and (b)&nbsp;as Trustee of
The Descendants of Ronald S. Lauder 1966 Trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">William P. Lauder, (a)&nbsp;individually, (b)&nbsp;as Trustee of the
1992 GRAT Remainder Trust f/b/o William Lauder and (c)&nbsp;as Trustee of the 1992 GRAT Remainder Trust f/b/o Gary Lauder</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gary M. Lauder, (a)&nbsp;individually, (b)&nbsp;as Trustee of the 1992
GRAT Remainder Trust f/b/o William Lauder, (c)&nbsp;as Trustee of the 1992 GRAT Remainder Trust f/b/o Gary Lauder, (d)&nbsp;as custodian
under the New York Uniform Transfers to Minors Act for the benefit of Danielle Lauder, and (e)&nbsp;as custodian under the New York Uniform
Transfers to Minors Act for the benefit of Rachel Lauder</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">LAL Family Partners L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Carol S. Boulanger, (a)&nbsp;as Trustee of the 1992 GRAT Remainder
Trust f/b/o William Lauder and (b)&nbsp;as Trustee of the 1992 GRAT Remainder Trust f/b/o Gary Lauder</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Richard D. Parsons, (a)&nbsp;as Trustee of the Aerin Lauder Zinterhofer
2000 Revocable Trust u/a/d April&nbsp;24, 2000, Aerin Lauder Zinterhofer, as Grantor and (b)&nbsp;as Trustee of the Jane A. Lauder 2003
Revocable Trust u/a/d November&nbsp;6, 2003, Jane A. Lauder, as Grantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Est&eacute;e Lauder Companies Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Ronald S. Lauder Foundation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Aerin Lauder Zinterhofer, (a)&nbsp;individually and (b)&nbsp;as Trustee
of the Trust Under Article&nbsp;2 of The Zinterhofer 2008 Descendants Trust Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jane Lauder, (a)&nbsp;individually, (b)&nbsp;as Trustee of the Trust
Under Article&nbsp;2 of The Zinterhofer 2008 Descendants Trust Agreement, and (c)&nbsp;as Trustee of the Jane A. Lauder 2003 Revocable
Trust u/a/d November&nbsp;6, 2003, Jane A. Lauder, as Grantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Joel S. Ehrenkranz, as Trustee of The Leonard A. Lauder 2013 Revocable
Trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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