Oriflame Cosmetics completes a $165m issue of P...

Oriflame  is pleased to announce  the successful completion of  a $165m issue of
private placement notes. Oriflame chose to enter the private placement market in
order  to diversify its funding base. The  transaction was very well received by
investors  and  was  close  to  two  times  oversubscribed.  The notes mature in
2015, 2017 and 2020.

"This  is very  much in  line with  a strategic decision to diversify Oriflame's
sources  of debt finance, to  complement our bank funding,  and to create a long
term funding profile," comments Gabriel Bennet, Chief Financial Officer.

The  Royal Bank of Scotland acted as  sole Agent and managed the hedging process
to swap the financing to EUR.



For additional information, please contact:
Gabriel Bennet, CFO                           [phone] 713
Patrik Linzenbold, IR Director              +46 765 42 27 09
Siobhán Duffy, RBS                             [phone]


[HUG#1405871]





    PDF: 

http://hugin.info/134730/R/1405871/359497.pdf