NEW YORK--(BUSINESS WIRE)--Nov. 6, 2008--The Board of Directors of The Estée Lauder Companies Inc. (NYSE: EL) today declared an annual dividend of $.55 per share on the Company's Class A and Class B Common Stock, payable on December 17, 2008 to stockholders of record at the close of business on December 1, 2008.

The Estée Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company's products are sold in over 140 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, M--A--C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin, Michael Kors, American Beauty, Flirt!, Good Skin(TM), Grassroots, Sean John, Missoni, Daisy Fuentes, Tom Ford, Mustang, Coach, Ojon and Eyes by Design.

An electronic version of this release can be found at the Company's website, www.elcompanies.com.

    CONTACT: Investor Relations:
             Dennis D'Andrea, 212-572-4384
             OR
             Media Relations:
             Alexandra Trower, 212-572-4430

    SOURCE: The Estée Lauder Companies Inc.