Believes Relisting Shares to a U.S. Exchange Would Unlock Significant Value as Business Fundamentals Support a Share Price of HK$45 to HK$70

Believes Sol de Janeiro Alone Could be Worth HK$40+ Per Share

LOS ANGELES, Feb. 06, 2024 (GLOBE NEWSWIRE) -- A fund managed by Butler Hall Capital LLC, with current ownership of 1.5mm shares of L’Occitane International (“L’Occitane” or the “Company”), has issued an open letter to the Company’s board of directors regarding the potential bid for L’Occitane.

A full copy of the letter to the board and a supporting presentation are attached below and are available at:

http://ml.globenewswire.com/Resource/Download/edbd29a5-02a9-4aa2-a371-6ea58d01ee52

http://ml.globenewswire.com/Resource/Download/d1fe56e0-43a5-4b0b-9b35-7c030f69d976

Contacts:

Michael Rybak
424-644-6008

Brad Lundy
424-644-6009