LAUDER ESTEE COS INC

Ticker: EL CUSIP: 518439104 Class: COM

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 255,000 Value ($000) $18,936 Avg Close $63.41 Range $57.60 - $66.84

Q1 2014

Shares 290,000 Value ($000) $19,395 Avg Close $59.78 Range $54.69 - $64.57

Q4 2013

Shares 112,000 Value ($000) $8,436 Avg Close $62.14 Range $58.50 - $65.12

Q2 2013

Shares 149,730 Value ($000) $9,848 Avg Close $58.22 Range $53.11 - $61.99

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	255,000	$18,936	$63.41	$57.60 - $66.84
Q1 2014	290,000	$19,395	$59.78	$54.69 - $64.57
Q4 2013	112,000	$8,436	$62.14	$58.50 - $65.12
Q2 2013	149,730	$9,848	$58.22	$53.11 - $61.99