Regis Amends First Quarter 2013 Form 10-Q

  Regis Amends First Quarter 2013 Form 10-Q

                -Increases Non Operational Gain $9.9 Million-

Business Wire

MINNEAPOLIS -- January 25, 2013

Regis Corporation (NYSE: RGS), the global leader in the haircare industry,
whose primary business is owning, operating and franchising hair salons,
announced today that the Company’s Form 10-Q for the quarter ended September
30, 2012 requires amendment. The Company determined that $24.0 million of
non-cash foreign currency gain related to the sale of its investment in
Provalliance during the three months ended September 30, 2012 was understated
by $9.9 million.

Although this correction does impact the Company’s reported GAAP net income
and earnings per share for the quarter ended September 30, 2012, it represents
a non-cash gain, and has no impact on the Company’s previously reported
operational or non-GAAP net income and operational earnings per share for the
quarter then ended, and has no impact on total shareholders’ equity as of
September 30, 2012. The Company filed a Form 8-K, Item 4.02, in connection
with this amendment.

About Regis Corporation
Regis Corporation (NYSE:RGS) is the beauty industry’s global leader in beauty
salons, hair restoration centers and cosmetology education. As of September
30, 2012, the Company owned, franchised or held ownership interests in
approximately 10,000 worldwide locations. Regis’ corporate and franchised
locations operate under concepts such as Supercuts, Sassoon Salon, Regis
Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club
for Men and Women. Regis maintains ownership interests in Empire Education
Group in the U.S. and the MY Style concepts in Japan. For additional
information about the company, including a reconciliation of certain non-GAAP
financial information and certain supplemental financial information, please
visit the Investor Information section of the corporate website at
www.regiscorp.com. To join Regis Corporation’s email alert list, click on this
link: http://www.b2i.us/irpass.asp?BzID=913&to=ea&Nav=1&S=0&L=1.

Contact:

Regis Corporation:
Mark Fosland – SVP, Finance and Investor Relations, 952-806-1707
or
Andy Larew – Director, Finance-Investor Relations, 952-806-1425