Disclosure Pursuant to U.S. Treasury Regulations Section 1.1273-2(f)(9)
L Brands, Inc. (NYSE: LB) announced in an Offering Memorandum, dated May 31, 2018, a debt exchange which settled on June 18, 2018 ('Settlement Date'). L Brands has concluded that the notes listed immediately below that were included in that exchange and were issued on the Settlement Date are traded on an established market for U.S. federal income tax purposes. We believe, and intend to take the position, that the fair market value of these notes on the Settlement Date (excluding any pre-issuance accrued interest) is as outlined below. of
Title of Notes
CUSIP Number
Fair Market Value / Issue Price
6.694% senior notes due 2027
501797AP9 / U51407AC5
98.50% of principal
Investors should consult their tax advisors regarding their particular tax consequences relating to the notes.
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L Brands Inc. published this content on 14 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 September 2018 16:47:03 UTC
Bath & Body Works, Inc. is an omnichannel retailer focused on personal care and home fragrance. The Company sells merchandise through its retail stores in the United States (U.S.) and Canada, and through its websites and other channels, under the Bath & Body Works, White Barn and other brand names. Its international business is conducted through franchise, license and wholesale partners. It offers a range of care and home fragrance, including collections of fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Its products are differentiated through a combination of fragrance, packaging and quality at accessible prices. It also sells products under its sub brands, including White Barn. Its merchandise is sold through about 1,850 Company-operated stores and e-commerce sites in U.S. and Canada, and in 485 stores and 28 e-commerce sites in more than 40 other countries operating under franchise, license and wholesale arrangements.
BATH & BODY WORKS, INC. 
