Investor Overview

Feb. 20, 2020 Transaction Presentation

Founded in 1963 by Leslie H. Wexner in Columbus, Ohio, L Brands (NYSE: LB) has evolved from an apparel-based specialty retailer to a segment leader focused on women's intimate and other apparel, personal care, home fragrance and beauty categories representing an aspirational lifestyle that helps make customers feel sexy, bold and powerful. Through Victoria’s Secret, Victoria's Secret PINK and Bath & Body Works, L Brands is an international company that operates nearly 3,000 company-owned specialty stores in the United States, Canada, the United Kingdom, Ireland and Greater China, and its brands are sold in more than 650 additional franchised locations worldwide. The company's products are also available online at www.VictoriasSecret.com and www.BathandBodyWorks.com.

L Brands recorded sales of $13.2 billion in 2018 and employs more than 80,000 associates.

Press Releases
Quarterly Presentation
Investor Handout

Date	Title
03/27/20	L BRANDS PROVIDES ADDITIONAL UPDATE RELATED TO COVID-19 PANDEMIC COLUMBUS, Ohio , March 27, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today provided additional updates on actions it is taking, following its initial March 17, 2020 announcement related to the novel coronavirus pandemic (COVID-19). Store and Direct Operations On March 17, 2020 , L Brands
03/17/20	L BRANDS PROVIDES COVID-19 RELATED UPDATE COLUMBUS, Ohio , March 17, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced a number of actions in response to the continued spread of novel coronavirus (COVID-19). Store Closures and Remote Work With the wellbeing of its customers, associates and communities as its top priority,
03/12/20	L Brands Announces Appointment of Sarah E. Nash as Chair of Board of Directors, Effective as of Close of Victoria’s Secret Sale Transaction COLUMBUS, Ohio , March 12, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the appointment of Sarah E. Nash as Chair of the Board of Directors, effective upon the close of the transaction to sell a majority interest in Victoria’s Secret to Sycamore Partners .
02/26/20	L Brands Reports Fourth Quarter and Full-Year 2019 Earnings - Bath & Body Works Reports Record Fourth Quarter and Full-Year Results - - L Brands Provides First Quarter 2020 Guidance - COLUMBUS, Ohio , Feb. 26, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2019 fourth quarter and full-year results.

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