Avon Products Personal Retirement Account Plan

Avon Company Pension Plan (PRA) is a single-employer defined benefit pension plan based in Rye, New York. Established in 1944, the plan is a noncontributory defined benefit pension plan. The plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). The plan provides defined benefit pension benefits to eligible vested participants upon the termination of employment or retirement. The assets of the plan are managed by the executive management team.