Overview

• Natura will receive a nominal £1 at closing plus potential earn-outs and contingent payments capped at £60 million based on future performance and liquidity events.
• Before completion, Natura will convert most intercompany loans to Avon International into equity and provide a secured credit line of up to US$25 million with a five‑year tenor.
• The sale excludes the Avon brand and operations in Latin America, and it does not cover the Russian market, with Natura retaining related economic rights and intellectual property.
• Completion remains subject to customary closing conditions and regulatory approvals, with closing currently expected in the first quarter of 2026.
• Natura’s shares jumped more than 10% on Brazil’s B3 after the announcement, reflecting investor approval of the portfolio simplification.