Regis Completes Sale of Ownership in Provalliance

Regis Corporation

, the global leader in the $160 billion hair care industry, today announced the completion of the sale of its ownership interest in Provalliance for 80 million EUR. “The sale of Provalliance, along with our previously announced agreement to sell Hair Club for Men and Women, represents significant progress in our evaluation of non-core assets. We remain focused on our goals of improving the guest experience in our salons and enhancing shareholder value,” said Dan Hanrahan, President and Chief Executive Officer. On April 13, 2012, the Company announced the signing of a definitive agreement to sell its ownership interest in Provalliance to the Provost family.