TRUST UNDER ARTICLE 2 OF THE ZINTERHOFER 2008 DESCENDANTS TRUST AGREEMENT → THE ESTEE LAUDER COMPANIES INC. EL

The Share Transaction was for investment purposes. In compliance with the requirements of the Stockholders' Agreement, in connection with the Share Transaction, Aerin Lauder Zinterhofer, in her capacity as trustee of the 2008 Descendants Trust, became party to the Stockholders' Agreement. On September 16, 2026, ELZ became a trustee of the 2008 Descendants Trust (the "Trustee Appointment"), and, in compliance with the requirements of the Stockholders' Agreement, became party to the Stockholders' Agreement, in his capacity as trustee of the 2008 Descendants Trust. By virtue of the Trustees, in their capacity as trustees of the 2008 Descendants Trust, becoming party to the Stockholders' Agreement, the Reporting Persons and the Trustees may be deemed members of a group for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934. The Reporting Persons do not currently have any plans or proposals of the type set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D. However, each Reporting Person reserves the right to change his or its plans at any time, as such Reporting Person deems appropriate, and accordingly the Reporting Persons may acquire additional shares of Class B Common Stock in private transactions or additional shares of Class A Common Stock in open market transactions, in each case for investment purposes, and may dispose of shares of Class B Common Stock in private or open market transactions or shares of Class A Common Stock (or Class B Common Stock, after conversion into Class A Common Stock) in private or open market transactions or otherwise. Any decision by the Reporting Persons to purchase additional shares of Class A Common Stock or Class B Common Stock or to dispose of any such shares will take into account various factors, including general economic and stock market considerations.