For immediate release

2 February 2024

Revolution Beauty Group plc

("Revolution Beauty", the "Group", or the "Company")

Response to allegations by Chrysalis Investments Limited

Revolution Beauty (AIM: REVB), the multi-channel mass beauty innovator, notes the comments by Chrysalis Investments Limited ("Chrysalis") on 29 January 2024, stating that it believes it has certain potential claims against the Company in relation to its purchase of Revolution Beauty shares in July 2021 and the sale of those shares in late 2022. The Company confirms that it has received a pre-action letter from Chrysalis. Chrysalis has not commenced formal legal proceedings.

The Company strongly contests the allegations and has been engaging with Chrysalis's advisers accordingly.

For further information, please contact:

Investor Relations

Lauren Brindley, CEO

Neil Catto, CFO

[email protected]

Joint Corporate Brokers

Liberum (NOMAD): Edward Thomas / Dru Danford / John More

Tel: +44 (0) 203 100 2222

Zeus: Nick Cowles / Jamie Peel / Jordan Warburton

Tel: +44 (0) 161 831 1512

Media enquiries

Headland Consultancy: Matt Denham / Will Smith / Antonia Pollock

Tel: +44 (0)20 3805 4822

[email protected]