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Steiner Leisure Limited Announces Non Renewal of Celebrity Cruises Concession Agreement



Steiner Leisure Limited Announces Non Renewal of Celebrity Cruises Concession
Agreement

NASSAU, The Bahamas, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Steiner Leisure Limited
(the "Company") (Nasdaq:STNR) has been advised by Celebrity Cruises that the
Company's agreement to serve Celebrity's vessels would not be renewed after
its expiration on December 31, 2013.

The Company is negotiating a transition plan as to the turnover of the ships
to the new vendor. We currently estimate that the impact of the termination of
this agreement on the fully diluted earnings per share of the Company for 2014
should not be a reduction of greater than $0.24 per share. This estimate is
subject to finalization of the transition plan.

As previously disclosed, Steiner Leisure currently has $93.3 million available
under its share repurchase plan. Once our trading window reopens, currently
scheduled for February 25^, 2014, repurchases will continue to be made in the
open market or in privately negotiated transactions, subject to regulatory
considerations, market conditions, and the Company's debt agreement.

Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure,
said, "We, of course, are disappointed with Celebrity's decision, particularly
in view of our revenues being at historical highs on Celebrity's ships. We
believe that the terms we proposed for renewal contained compelling economics
and it also contained a unique brand at sea. It is our understanding that
Celebrity's decision was made purely from a marketing perspective. We hope
that we will have the opportunity to serve more Celebrity ships at some time
in the future."

Steiner Leisure Limited is a worldwide provider and innovator in the fields of
beauty, wellness and education. We are dedicated to maintaining the highest
quality standards and continually evolving to include and anticipate new
developments within our industry. We aim to maintain and expand our existing
diverse portfolio of services, products and brands, as well as to seek out new
opportunities to complement our business.

Our services include traditional and alternative massage, body and skin
treatment options, fitness, acupuncture, herbal medicine, medi-spa treatments
and laser hair removal. We are committed to providing our customers with a
wide-ranging assortment of beauty products, including premium quality options
developed by us under our own brands, as well as those purchased from third
parties.

Our distribution channels include our shipboard and land-based spas and
salons, destination spas, health clubs, department stores and third party
retail outlets and distributors. We also sell our products on certain British
Airways flights, on QVC, by catalog, and online through our websites,
including www.timetospa.com and www.blissworld.com.

Our post-secondary schools offer programs in massage therapy and skin care,
among others, and, along with our recruiting and training operations, prepare
spa professionals for careers in the health and wellness industry, including
within the Steiner family of companies.

Our cruise line operations are conducted in spas onboard 155 ships, including
Azamara Club Cruises, Carnival Cruise Lines, Celebrity Cruises, Costa Cruises,
Crystal Cruises, Cunard Cruise Line, Holland America Line, Ibero Cruises,
Norwegian Cruise Line, P&O Cruises, Princess Cruises, Pullmantur Cruises,
Royal Caribbean Cruises, Seabourn Cruise Lines, Silversea Cruises and Windstar
Cruises.

Our land-based spa operations are carried out under our Elemis®, Mandara®,
Chavana®, Bliss® and Remède® brands and take place in 69 locations, including
resort spas, urban hotel spas and day spas. In addition, a total of 28 resort
and hotel spas are operated under our brands by third parties pursuant to
license agreements with the company. Our land-based customers include Caesar's
Entertainment, Hilton Hotels, Kerzner International, Loews Hotels, Marriott
Hotels, Nikko Hotels, Planet Hollywood, Sofitel Luxury Hotels, St. Regis
Hotels, W Hotels and Resorts and Westin Hotels and Resorts.

Our Ideal Image customized laser hair removal services are provided by highly
trained, experienced practitioners through a nationwide network of 124
treatment centers (17 of which are operated by franchisees) across 31 states,
as well as one location in Canada. 

We develop and sell a variety of high quality beauty products under our
Elemis, La Thérapie™, Bliss, Remède, Laboratoire Remède® and Jou® brands.

Our schools operations consist of 12 post-secondary schools (comprised of a
total of 31 campuses) located in Phoenix, Scottsdale, Tempe and Tucson,
Arizona; Westminster and Aurora, Colorado; Groton, Newington and Westport,
Connecticut; Miami, Orlando, Pompano Beach, Sarasota and Tampa/St. Pete,
Florida; Chicago, Crystal Lake and Woodridge, Illinois; Baltimore, Maryland;
Boston, Massachusetts; Las Vegas, Nevada; Hoboken and Wall, New Jersey; King
of Prussia and York, Pennsylvania; Dallas and Houston, Texas; Salt Lake City
and Lindon, Utah; Charlottesville, Virginia; and Federal Way and Seattle,
Washington. Offering programs in massage therapy and, in some cases, skin
care, these schools train and qualify spa professionals for health and beauty
positions within the industry, including our own operations.

As part of our employee recruitment operations for our shipboard spas, we
provide education to our shipboard employees through our rigorous training
programs, at our primary training facilities near London, England or one of
our satellite training centers in South Africa and the Philippines. These
employees are sourced primarily from the British Isles, Australia, South
Africa, Southeast Asia, Canada, the Caribbean and continental Europe.

Forward-looking Statements

The above statements relating to the effect on our earnings per share of the
non-renewal of our agreement with Celebrity Cruises and our future share
repurchases may be deemed to be forward looking statements for purposes of the
federal securities laws. Such forward-looking statement are not guarantees of
future performance and involve known and unknown risks, uncertainties and
other factors, which may cause the actual results, performances or
achievements to differ materially from future results, performance or
achievements expressed or implied in such forward-looking statements. The
statement regarding the effect of the non-renewal by Celebrity Cruises is
subject to, among other things and as indicated above, the terms of the final
transition plan between us and Celebrity Cruises as well as operational
matters that may arise in the course of a transition of this nature. The
statement regarding future share repurchases is, as indicated above, subject
to the contingencies set forth in that statement. Other factors are described
in Steiner Leisure Limited's Annual Report on Form 10-K for 2012 and in
subsequent filings with the Securities and Exchange Commission.

CONTACT: Leonard Fluxman
         President & Chief Executive Officer
         (305) 284-1417
         steiner@steinerleisure.com

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