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Estée Lauder: Barry S. Sternlicht

November 22, 2005

Estée Lauder: Barry S. Sternlicht was named to the board of directors. Mr. Sternlicht is chairman and chief executive officer of Starwood Hotels & Resorts Worldwide, Inc., trustee of Brown University and a board member of numerous civic organizations and charities. He also served on the advisory boards of J.P. Morgan Chase & Co. and EuroHypo A.

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