REVLON, INC.

Summary of Case: A securities class action has been filed against Revlon, Inc. (Ticker: REV) ("Revlon" or the "Company")) on behalf of the public stockholders of Revlon.

The complaint alleges that on April 20, 2009, Revlon announced that MacAndrews Forbes Holdings Inc. ("MacAndrews") had proposed that all of the outstanding shares of Revlon's Class A common stock not currently held by MacAndrews and its affiliates would be converted into shares of a newly-issued series of voting preferred stock of Revlon having an aggregate liquidation preference of $75 million (or approximately $3.74 per share, based upon 20.042 million shares not currently owned by MacAndrews and its affiliates) (the "Transaction").   The Complaint also alleges that the terms of the Transaction are unfair to the class, and the unfairness is compounded by the gross disparity between the knowledge and information possessed by MacAndrews and Ronaldo O. Perelman ("Perelman") by virtue of their control of Revlon and that possessed by Revlon's public shareholders. Their scheme and intent is to take advantage of this disparity and to induce the class to relinquish their shares in the acquisition for inadequate, unfair consideration.