On March 2, 2022, the Company announced that it is extending and expanding its existing Revlon Global Growth Accelerator (“RGGA”) program through 2024. The extension and expansion will allow the Company to continue to focus on identifying and implementing new opportunities programmatically. The extension and expansion will provide an additional

year to implement larger projects and help make up for supply chain headwinds and the extended COVID restrictions throughout the globe.

• Strategic Growth: Boost organic sales growth behind our strategic pillars – brands, markets, and channels -- to deliver mid-single digit Compound Average Annual Growth Rate through 2024.

• Operating Efficiencies: Drive additional operational efficiencies and cost savings for margin improvement and to fuel investments in growth.

• Build Capabilities: Build capabilities and embed the Revlon culture of one vision, one team.

Since inception and through September 30, 2022, the Company recorded pre-tax restructuring and related charges of $110.0 million in connection with RGGA, consisting primarily of (i) $81.4 million of employee severance, other personnel benefits and other costs; and (ii) $28.6 million of lease and other restructuring-related charges that were recorded within Selling, general & administrative expenses ("SG&A") and Cost of sales.

A summary of the RGGA charges incurred since its inception in March 2020 and through September 30, 2022 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Leases (a)		Other Related Charges (b)		Total Restructuring and Related Charges
Charges incurred through December 31, 2021	$	52.7	$	23.9	$	76.6	$	17.7	$	7.6	$	101.9
Charges incurred during the nine months ended September 30, 2022	0.9		3.9		4.8		3.3		0.0		8.1
Cumulative charges incurred through September 30, 2022	$	53.6	$	27.8	$	81.4	$	21.0	$	7.6	$	110.0

(a) Lease-related charges are recorded within SG&A in the Company’s Consolidated Statement of Operations and Comprehensive Loss.

(b) Other related charges are recorded within SG&A and cost of sales in the Company’s Consolidated Statement of Operations and Comprehensive Loss.

A summary of the RGGA restructuring charges incurred since its inception in March 2020 and through September 30, 2022 by reportable segment is presented in the following table:



	Charges incurred in the nine months ended September 30, 2022		Cumulative charges incurred through September 30, 2022
Revlon	$	1.7	$	29.7
Elizabeth Arden	1.6		20.6
Portfolio	1.0		19.0
Fragrances	0.5		12.1
Total	$	4.8	$	81.4

The liability balance and related activity for each of the Company's restructuring programs are presented in the following table:



					Utilized, Net
	Liability Balance at January 1, 2022		Expense, Net		Cash		Liability Balance at September 30, 2022
RGGA:
Employee severance and other personnel benefits	$	1.9	$	0.9	$	(2.5)	$	0.3
Other	—		3.9		(3.9)		—
Total RGGA	1.9		4.8		(6.4)		0.3






Other restructuring initiatives:
Employee severance and other personnel benefits	0.8		(0.5)		—		0.3

Total other restructuring initiatives	0.8		(0.5)		—		0.3
Total restructuring reserve	$	2.7	$	4.3	$	(6.4)	$	0.6