Herbalife Company Statement Regarding Ackman Allegations

  Herbalife Company Statement Regarding Ackman Allegations

Business Wire

LOS ANGELES -- December 19, 2012

Herbalife Chairman and CEO Michael O. Johnson responded today to questions
regarding hedge fund manager William Ackman’s claims about Herbalife by
saying, “The allegation that Herbalife is a pyramid scheme is bogus. Make no
mistake: Today’s announcement isn’t about Herbalife’s business model. It’s
about Bill Ackman’s business model.”

Here’s what we know:

  *An extraordinary number of puts on our stock are due to expire
    thisFriday. We previously learned this activity was pegged to some kind
    of "significant event."
  *Mr. Ackman suddenly announced today that he will make a presentation on
    Herbalife on Thursday, the day before the puts expire.
  *Our CFO this morning asked Mr. Ackman to allow us to participate in his
    presentation.Mr. Ackman declined.
  *We have been informed that Mr. Ackman has shorted our stock for the past 7
    to 9 months.
  *Our stock dropped almost 15 percent today following Mr. Ackman’s
    announcement.

We urge the SEC to investigate these series of events to protect the rights of
investors. This appears to be yet another attempt to illegally manipulate the
market by overzealous short-sellers.

We’ve been in business for 32 years. We have millions of customers worldwide.
We don’t pay to recruit distributors. And just today, we announced a $100
million Herbalife manufacturing facility in North Carolina that will employ
500 people.

We have one of the greatest health nutrition product lines in the world and a
direct-selling business opportunity for part-time or full-time income.

We are incredibly proud of this company.

About Herbalife Ltd.

Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition, and personal care products intended to support a
healthy lifestyle. Herbalife products are sold in more than 80 countries to
and through a network of independent distributors. The company supports the
Herbalife Family Foundation and its Casa Herbalife program to help bring good
nutrition to children. Herbalife's website contains information about
Herbalife, including financial and other information for investors at
http://ir.Herbalife.com. The company encourages investors to visit its website
from time to time, as information is updated and new information is posted.

Contact:

Herbalife Ltd.
Media Contact:
Barbara Henderson
SVP, Worldwide Corp. Comm.
213-745-0517
or
Investor Contact:
Amy Greene
VP, Investor Relations
213-745-0504
 
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