Disclosure in accordance with Article 14 of the Luxembourg Transparency law

Disclosure in accordance with Article 14 of the Luxembourg Transparency law

As a consequence of the Luxembourg implementation of EU’s transparency
directive, Oriflame Cosmetics S.A. shall disclose any change in the share
capital within the month such change took place.

During the month of December 2011 the Company has, in accordance with the
mandate given by the 2011 Annual General Meeting, issued new shares related to
the Company’s Share Incentive Plan. The total number of shares issued is 60,907
and the Company’s share capital now amounts to 71,301,417.50 euro represented by
57,041,134 shares with equal voting rights.

The Company’s Share Incentive Plan covers the top approximately 100 Executives
and Managers.

For additional information, please contact:

Joakim Banestig, Senior Director IR, Oriflame
+41 79 103 35 21

Oriflame Cosmetics is an international beauty company selling direct. The
company began operations in 1967 in Sweden and has today a presence in over 60
countries worldwide. Oriflame offers a wide portfolio of Swedish, natural,
innovative, quality beauty products at affordable prices. To-date Oriflame has
over 3.5 million consultants worldwide with annual sales of €1.5 billion.
Oriflame offers the leading business opportunity for people who want to start
making money the same day they join and then grow into a leadership role and
fulfil their personal dreams and ambitions. Oriflame is listed on NASDAQ OMX
Stockholm since 2004.