BeautyHealth securities settlement: claims due January 19, 2027

A federal court authorized this Notice. This is not a solicitation from a lawyer. PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS MAY BE AFFECTED BY A PROPOSED CLASS ACTION SETTLEMENT IN A LAWSUIT PENDING IN FEDERAL COURT. IF YOU ARE A SETTLEMENT CLASS MEMBER, YOU MUST SUBMIT A CLAIM FORM TO OBTAIN YOUR SHARE OF THE SETTLEMENT. IF YOU DO NOT SUBMIT A CLAIM, YOU WILL NOT HAVE ANY RIGHT TO COMPENSATION. This Notice concerns a lawsuit that a federal court has preliminarily certified as a class action for settlement purposes on behalf of investors (individuals and entities) who purchased or otherwise acquired, or sold or otherwise disposed of, SkinHealth Systems Inc. f/k/a The Beauty Health Company (“BeautyHealth”) Securities during the period of May 10, 2022, through November 13, 2023, inclusive (the “Settlement Class Period”).1 The lawsuit is referred to as Alghazwi v. The Beauty Health Company, et al., No. 2:23-cv-09733-SPG-MAA (C.D. Cal.) (the “Action”) and is pending before the Honorable Sherilyn Peace Garnett in the United States District Court for the Central District of California (the “Court”).

Official court-authorized settlement noticePDF page 1; A federal court authorized this Notice.

The Court directed that everyone who fits these descriptions is a Settlement Class Member: all Persons or entities which, between May 10, 2022 and November 13, 2023, inclusive, purchased or otherwise acquired BeautyHealth Common Stock or BeautyHealth Call Options, or sold or otherwise disposed of BeautyHealth Put Options, and were damaged thereby, except those Persons and entities that are excluded, as described below.

Official court-authorized settlement noticePDF page 10; The Court directed

Excluded from the Settlement Class are: (i) Defendants; (ii) members of the Immediate Families, or any individual trust or family trust, of any Defendant who is an individual; (iii) any person who is or was an officer or director of BeautyHealth at all relevant times; (iv) any firm or entity in which Defendants have or had a majority ownership interest; (v) BeautyHealth’s liability insurance carriers; (vi) any affiliates, parents, or subsidiaries of BeautyHealth; (vii) all BeautyHealth plans that are covered by ERISA; and (viii) the legal representatives, agents, affiliates, heirs, beneficiaries, successors-in-interest, or assigns of any excluded Person or entity, in their respective capacity as such. Also excluded from the Settlement Class are any Persons or entities who properly excluded themselves by filing a valid and timely request for exclusion in accordance with the requirements set by the Court.

Official court-authorized settlement noticePDF page 10; Excluded from the Settlement Class

Overview of the Recovery: Lead Plaintiffs have agreed, on behalf of the Settlement Class, to settle all claims and grant the Released Defendant Persons (which includes Defendants Stanleick and Woo) a full and complete release of all Released Claims in exchange for a cash payment of $18,000,000 (the “Settlement Amount”). The Settlement Amount plus any interest earned thereon is called the “Settlement Fund.” The “Net Settlement Fund” is the Settlement Fund less the following deductions: (i) attorneys’ fees (estimated not to exceed 30% or $5,400,000) and litigation costs and expenses (estimated not to exceed $325,000) that will be approved by the Court; (ii) awards to Lead Plaintiffs to compensate them for their time and expenses in representing the Settlement Class (estimated not to exceed $5,000 for each Lead Plaintiff) to be approved by the Court; (iii) Notice and Administration Expenses (estimated to be no more than $250,000); (iv) Taxes and Tax Expenses; and (v) other fees and expenses authorized by the Court.

Official court-authorized settlement noticePDF page 2; Overview of the Recovery:

TO PARTICIPATE IN THE DISTRIBUTION OF THE NET SETTLEMENT FUND, YOU MUST TIMELY SUBMIT A PROOF OF CLAIM. A Proof of Claim is enclosed with this Notice, or it may be downloaded at www.BeautyHealthSecuritiesLitigation.com. Read the instructions carefully, fill out the Proof of Claim, include all the documents the form asks for, sign it, and mail or submit it to the Claims Administrator so that it is postmarked or received no later than January 19, 2027 or submitted online by 11:59 PM PT on January 19, 2027. The Claim Form may be submitted online at www.BeautyHealthSecuritiesLitigation.com. Unless the Court orders otherwise, if you do not timely submit a valid Proof of Claim, you will be barred from receiving any payments from the Net Settlement Fund but will in all other respects be bound by the provisions of the Stipulation and the Judgment.

Official court-authorized settlement noticePDF page 11; TO PARTICIPATE

Provided that it is mailed by the submission deadline, a Proof of Claim shall be deemed to be submitted when postmarked, if received with a postmark indicated on the envelope and if mailed by first-class mail and addressed in accordance with the Instructions contained in the Proof of Claim. In all other cases, the Proof of Claim shall be deemed to have been submitted on the date when actually received by the Claims Administrator.

Filed, signed settlement stipulationPDF page 25; Provided that it is mailed

Therefore, in order to have a Recognized Loss Amount under this Plan of Allocation, a Claimant who purchased or otherwise acquired BeautyHealth Common Stock or Call Options during the Settlement Class Period must have held that BeautyHealth Security over the November 13, 2023 date on which corrective information was released to the market, thus removing some if not all of the artificial inflation from the price of that BeautyHealth Security. In addition, a Claimant who sold (wrote) BeautyHealth Put Options during the Settlement Class Period must have still held that position over the November 13, 2023 date on which corrective information was released to the market, thus removing some if not all of the artificial deflation from the price of that BeautyHealth Security.

Official court-authorized settlement noticePDF page 22; Therefore, in order

23. The Settlement proceeds available for BeautyHealth Call Options purchased/acquired during the Settlement Class Period and BeautyHealth Put Options sold (written) during the Settlement Class Period shall be limited to a total amount equal to 4% of the Net Settlement Fund. Thus, if the cumulative Recognized Loss Amounts for BeautyHealth Call Options and BeautyHealth Put Options exceed 4% of all Recognized Claims, then the Recognized Loss Amounts calculated for option transactions will be reduced proportionately until they collectively equal 4% of all Recognized Claims. In the unlikely event that the Net Settlement Fund is sufficient to pay 100% of the BeautyHealth Common Stock claims, any excess amount will be used to pay the balance on the remaining option-based claims. ADDITIONAL PROVISIONS

Official court-authorized settlement noticePDF page 24; 23. The Settlement proceeds

34. If a Claimant had a Market Gain with respect to his, her, or its overall transactions in BeautyHealth Securities during the Settlement Class Period, the value of the Claimant’s Recognized Claim will be zero, and the Claimant will in any event be bound by the Settlement. If a Claimant suffered an overall Market Loss with respect to his, her, or its overall transactions in BeautyHealth Securities during the Settlement Class Period but that Market Loss was less than the Claimant’s Recognized Claim, then the Claimant’s Recognized Claim will be limited to the amount of the Market Loss.

Official court-authorized settlement noticePDF page 27; 34. If a Claimant

37. The Net Settlement Fund will be allocated among all Authorized Claimants whose prorated payment is $10.00 or greater. If the prorated payment to any Authorized Claimant calculates to less than $10.00, it will not be included in the calculation (i.e., the Recognized Claim will be deemed to be zero) and no distribution will be made to that Authorized Claimant. Any prorated amounts of less than $10.00 will be included in the pool distributed to those whose prorated payments are $10.00 or greater.

Official court-authorized settlement noticePDF page 27; 37. The Net Settlement Fund

2. Pursuant to the Settlement, BeautyHealth has agreed to pay or cause to be paid $18,000,000.00 in cash. The Settlement Amount will be deposited into an escrow account and will earn interest for the benefit of the Settlement Class. The Settlement Amount plus any interest earned thereon and accretions thereto is referred to as the “Settlement Fund.” If the Settlement is approved by the Court and the Effective Date occurs, the Net Settlement Fund will be distributed to Settlement Class Members who submit valid Claim Forms, in accordance with the proposed Plan of Allocation or such other plan of allocation as the Court may approve. 3. The Net Settlement Fund will not be distributed unless and until the Court has approved the Settlement and a plan of allocation, and the time for any petition for rehearing, appeal, or review, whether by certiorari or otherwise, has expired.

Official court-authorized settlement noticePDF page 20; 2. Pursuant to the Settlement

2. Please note: Only BeautyHealth Common Stock, BeautyHealth Call Options purchased/acquired, and BeautyHealth Put Options sold, during the Settlement Class Period (i.e., from May 10, 2022 through November 13, 2023, inclusive) are eligible under the Settlement. However, because the law provides for a “90-Day look back period” (described in the Plan of Allocation set forth in the Notice), you must provide documentation related to your purchases and sales of BeautyHealth Common Stock during the period from May 10, 2022 to February 9, 2024, inclusive, in order for the Claims Administrator to calculate your Recognized Loss Amount under the Plan of Allocation and process your claim.

Official proof of claim and releasePDF page 4; 2. Please note:

4. You are required to submit genuine and sufficient documentation for all of your transactions and holdings in the BeautyHealth Securities set forth in the Schedule of Transactions in Part II A-C of this Claim Form. Documentation may consist of copies of brokerage confirmation slips or monthly brokerage account statements, or an authorized statement from your broker containing the transactional and holding information found in a broker confirmation slip or account statement. The Settling Parties and the Claims Administrator do not independently have information about your investments in BeautyHealth Securities. IF SUCH DOCUMENTS ARE NOT IN YOUR POSSESSION, PLEASE OBTAIN COPIES OR EQUIVALENT CONTEMPORANEOUS DOCUMENTS FROM YOUR BROKER. FAILURE TO SUPPLY THIS DOCUMENTATION MAY RESULT IN THE REJECTION OF YOUR CLAIM. DO NOT SEND ORIGINAL DOCUMENTS. Please keep a copy of all documents that you send to the Claims Administrator. Also, please do not highlight any portion of the Claim Form or any supporting documents. The above requests are designed to provide the minimum amount of information necessary to process the simplest claims.

Official proof of claim and releasePDF page 4; 4. You are required

2. Separate Claim Forms should be submitted for each separate legal entity (e.g., a claim from joint owners should not include separate transactions through an account that is in the name of just one of the joint owners, and an individual should not combine his or her IRA transactions with transactions made through an account in the individual’s name). Conversely, a single Claim Form should be submitted on behalf of one legal entity including all transactions made by that entity on one Claim Form, no matter how many separate accounts that entity has (e.g., a corporation with multiple brokerage accounts should include all transactions made in all accounts on one Claim Form). 3. Agents, executors, administrators, guardians, and trustees must complete and sign the Claim Form on behalf of persons represented by them, and they must: a. expressly state the capacity in which they are acting; b. identify the name, account number, last four digits of the beneficial owner’s Social Security Number (or taxpayer identification number), address, and telephone number of the beneficial owner of (or other person or entity on whose behalf they are acting with respect to) the BeautyHealth Securities; and c. furnish evidence of their authority to bind to the Claim Form the person or entity on whose behalf they are acting. (Authority to complete and sign a Claim Form cannot be established by stockbrokers demonstrating only that they have discretionary authority to trade stock in another person’s accounts.)

Official proof of claim and releasePDF page 3; 2. Separate Claim Forms

4.6. Each Settlement Class Member wishing to participate in the Settlement shall be required to submit to the Claims Administrator a Proof of Claim , substantially in the form set forth in Exhibit A-2 hereto and as approved by the Court, which, inter alia, will also provide for the release of all Released Claims as against all Released Defendant Persons. Each Proof of Claim must be signed under penalty of perjury by the beneficial owner(s) of the BeautyHealth Securities that are the subject of the Proof of Claim, or by someone with documented authority to sign for the beneficial owner(s), and must be supported by such documents as specified in the Instructions contained in the Proof of Claim.

Filed, signed settlement stipulationPDF page 25; 4.6. Each Settlement

and/or (b) institutional accounts with large numbers of transactions (“Representative Filers”) must submit information regarding their transactions in an electronic spreadsheet format. If you are a Representative Filer, you must contact the Claims Administrator at info@BeautyHealthSecuritiesLitigation.com, or visit their website at www.BeautyHealthSecuritiesLitigation.com to obtain the required file layout. Claims which are not submitted in electronic spreadsheet format and in accordance with the Claims Administrator’s instructions may be subject to rejection. All Representative Filers MUST also submit a manually signed Claim Form, as well as proof of authority to file (see Section II – CLAIMANT IDENTIFICATION, paragraph 3 above), along with the electronic spreadsheet format. No claims submitted in electronic spreadsheet format will be considered to have been properly submitted unless the Claims Administrator issues to the Claimant a written acknowledgement of receipt and acceptance of electronically submitted data.

Official proof of claim and releasePDF page 5; and/or (b) institutional

6. YOUR CLAIM IS NOT DEEMED FILED UNTIL YOU RECEIVE AN ACKNOWLEDGEMENT POSTCARD OR CONFIRMATION EMAIL. THE CLAIMS ADMINISTRATOR WILL ACKNOWLEDGE RECEIPT OF YOUR CLAIM FORM BY MAIL OR EMAIL WITHIN 60 DAYS. IF YOU DO NOT RECEIVE AN ACKNOWLEDGEMENT POSTCARD OR CONFIRMATION EMAIL WITHIN 60 DAYS, PLEASE CALL THE CLAIMS ADMINISTRATOR TOLL FREE AT (855) 905-5327.

Official proof of claim and releasePDF page 2; 6. YOUR CLAIM IS NOT