NEW YORK, Jan. 28 /PRNewswire/ -- The Estee Lauder Companies Inc.
(NYSE: EL) today announced that it filed a registration statement with the SEC
with respect to the public offering of 5,665,000 shares of Class A Common
Stock by certain members of the Lauder family.  The Class A Common Stock is
listed on the New York Stock Exchange under the symbol "EL".
    Upon completion of the offering, members of the Lauder family will
continue to beneficially own 79.3% of outstanding shares and 96.1% of the
combined voting power of the Company's common stock.  The Company has granted
the underwriters a 30-day option to purchase up to 849,750 additional shares
of Class A Common Stock solely to cover over-allotments.
    Underwriters for the offering include Goldman, Sachs & Co., Dillon, Read &
Co. Inc., Merrill Lynch & Co. and J.P. Morgan & Co.  The net proceeds to the
Company from the offering, if any, will be used for general corporate
purposes.  Copies of the prospectus may be obtained by contacting Goldman,
Sachs & Co. at 1 New York Plaza, New York, New York 10004.
    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.  This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there by any sales of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
    The Estee Lauder Companies Inc. is one of the world's leading
manufacturers and marketers of prestige skin care, makeup and fragrance
products.  The Company's products are sold in over 100 countries and
territories under well-recognized brand names, including Estee Lauder,
Clinique, Aramis, Prescriptives, Origins, M.A.C. and Bobbi Brown essentials.

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