Avon Products, Inc. announced expiration of its previously announced solicitation of consents and receipt of requisite consents from holders necessary to effect the amendments to the indenture governing Avon's outstanding 5.000% Notes due 2023, described in the Consent Solicitation Statement, dated January 12, 2021. The 2023 Notes Consent Solicitation expired at 5:00 p.m.New York City time, on January 20, 2021. The holders of a majority of the aggregate outstanding principal amount of the 2023 Notes have validly delivered and did not validly revoke Consents to the 2023 Notes Amendments. Accordingly, Avon and the trustee will enter into a supplemental indenture to the indenture governing the 2023 Notes to effect the 2023 Notes Amendments. The time and date on which the 2023 Notes Supplemental Indenture is executed is hereinafter referred to as the "2023 Notes Consent Time" with respect to the 2023 Notes. Avon will pay to 2023 Notes Holders who delivered valid and unrevoked Consents to the 2023 Notes Amendments on or prior to the 2023 Notes Expiration Date an amount equal to USD 2.50 per USD 1,000 aggregate principal amount of the 2023 Notes held by the 2023 Consenting Holders to The Depository Trust Company for the benefit of the 2023 Notes Consenting Holders, subject to the terms and conditions set forth in the Consent Solicitation Statement. Avon expects to pay, or cause to be paid, the 2023 Notes Consent Payment on January 22, 2021. Avon announced it has extended the expiration date of its previously announced solicitation of consents from holders of Avon's outstanding 6.950% Notes due 2043 from 5:00 p.m.New York City time, on January 20, 2021, to 5:00 p.m.New York City time, on January 27, 2021. 2043 Notes Holders who have previously delivered consents in connection with the 2043 Notes Consent Solicitation do not need to redeliver such consents or take any other action in response to this announcement in order to consent to the 2043 Notes Consent Solicitation.