Sally Beauty Announces Commencement of a Secondary Common Stock Offering of 15M Shares

Sally Beauty Holdings, Inc.

today announced the underwritten public offering of 15,000,000 shares of its common stock held by investment funds associated with Clayton, Dubilier & Rice, LLC pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. The CDR Investors intend to grant the underwriters an option for 30 days to purchase up to an additional 2,250,000 shares of common stock to cover overallotments. Upon completion of the offering, the CDR Investors will own approximately 38.7% of the common stock of the Company, assuming no exercise of the overallotment option. The Company will not receive any proceeds related to the offering, and its total number of shares of common stock outstanding will not change as a result of the offering.