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RNS

Body Shop Intnl. PLC - Offer Update

RNS Number:5351E Body Shop International PLC 13 June 2006 13 June 2006 THE BODY SHOP INTERNATIONAL PLC BOARD CHANGES AND DELISTING On 9 June 2006, L'Oreal announced that the Offer for the entire issued share capital of The Body Shop International PLC ('The Body Shop') had been declared unconditional in all respects. The Body Shop Board Changes The Body Shop announces that on 12 June 2006 Jean-Paul Agon, Richard Cymberg, Lady Sylvia Jay, Christian Mulliez, Geoff Skingsley and Tom Vyner joined the board of The Body Shop. Peggy Bruzelius, Howard Mann, Jack Keenan, Irene Miller and Gordon Roddick have resigned from the board. Adrian Bellamy's role has changed from Executive Chairman to Non-Executive Chairman whilst Jean-Paul Agon has been designated as Vice Chairman. Peter Saunders continues as Chief Executive Officer and Dame Anita Roddick continues as a Non-Executive Director. Jean-Paul Agon is a director of L'Oreal. Lady Sylvia Jay is a director of Saint-Gobain and Lazard Ltd and, within the last five years, she was also a director of Carrefour. Christian Mulliez is a director of Sanofi-Aventis. Within the last five years Tom Vyner was a director of Selfridges PLC. Other than as set out in this announcement there are no details that are required to be disclosed by paragraph 9.6.13R of the Listing Rules of the UK Listing Authority ('UKLA'). Delisting Application has been made by The Body Shop to the UKLA for the cancellation of The Body Shop's listing on the Official List of the UKLA and to the London Stock Exchange for the cancellation of the admission to trading of The Body Shop shares on the London Stock Exchange's market for listed securities. It is anticipated that cancellation of listing and admission to trading will take effect from 12 July 2006, being 20 business days following the date of this announcement. Terms defined in the Offer Document have the same meanings in this announcement. Enquiries: The Body Shop +44 1903 844 040 Bill Eyres Brunswick +44 20 7404 5959 William Cullum Deborah Spencer Dominic McMullan Merrill Lynch +44 20 7628 1000 Mark Astaire Peter Tracey L'Oreal General +33 1 47 56 70 00 Analysts and institutional investors of L'Oreal Mrs Caroline Millot +33 1 47 56 86 82 Individual Shareholders of L'Oreal and market authorities Mr. Jean-Regis Carof +33 1 47 56 83 02 Journalists Mr. Mike Rumsby +33 1 47 56 76 71 JPMorgan Cazenove +44 20 7588 2828 Barry Weir John Maynard This announcement does not constitute an offer to sell or an invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to the Offer or otherwise. The Body Shop Shareholders are advised to read carefully the Offer Document and Form of Acceptance in relation to the Offer. This contains the full terms and conditions of the Offer, including details of how the Offer may be accepted. JPMorgan Cazenove, which is authorised by the Financial Services Authority, is acting exclusively for L'Oreal and no one else in connection with the Offer and will not be responsible to anyone other than L'Oreal for providing the protections afforded to clients of JPMorgan Cazenove or for providing advice in relation to the Offer or any other matters referred to in this announcement. Merrill Lynch is acting exclusively for The Body Shop in connection with the Offer and no one else and will not be responsible to anyone other than The Body Shop for providing the protections afforded to clients of Merrill Lynch or for providing advice in relation to the Offer or any other matters referred to in this announcement. The availability of the Offer to The Body Shop Shareholders who are not resident in and citizens of the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are located or of which they are citizens. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdictions. Further detail in relation to overseas shareholders is contained in the Offer Document. The Loan Notes which may be issued pursuant to the Loan Note Alternative have not been, and will not be, registered under the Exchange Act or under the securities laws of any state or other jurisdiction of the United States; the relevant clearances have not been, and will not be, obtained from the securities commission of any province, territory or jurisdiction of Canada; and no prospectus has been lodged with, or registered by, the Australian Securities and Investments Commission or the Japanese Ministry of Finance. Accordingly, unless an exemption under such act or securities laws is available or unless otherwise determined by L'Oreal and permitted by applicable law and regulation, the Loan Notes may not be, offered, sold, resold, delivered or transferred, directly or indirectly, in or into the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction or to, or for the account or benefit of, a person located in the United States, Canada, Australia or Japan. This document does not constitute an offer to sell, or the solicitation of any offer to buy, any Loan Notes in any jurisdiction in which such an offer or solicitation would be unlawful. Unless otherwise determined by L'Oreal, and permitted by applicable law and regulation, the Offer will not be made, directly or indirectly, in, into or from, and will not be capable of acceptance in or from the United States, Canada or Australia or any jurisdiction where to do so would constitute a breach of securities laws in that jurisdiction. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada or Australia or any jurisdiction where to do so would constitute a breach of securities laws in that jurisdiction. Persons receiving this announcement (including custodians, nominees and trustees) should observe these restrictions and should not send or distribute this announcement in, into or from any such jurisdictions. This information is provided by RNS The company news service from the London Stock Exchange END OUPAKNKPOBKDPAD

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