Bare Escentuals, Inc. (NASDAQ:BARE) announced today the pricing of its initial public offering of 16,000,000 shares of its common stock at a price to the public of $22.00 per share. All of the shares to be sold in the offering are to be sold by the Company, and the net proceeds of this offering are intended to repay a portion of the Company's outstanding indebtedness and to pay a fee in connection with the termination of the Company's management agreements with Berkshire Partners LLC and JH Partners LLC. Bare Escentuals has granted the underwriters an option to purchase an additional 2,400,000 shares of common stock at the initial public offering price to cover over-allotments, if any.

The shares will trade on the Nasdaq Global Select Market under the symbol ?BARE.?

The offering is being made through an underwriting syndicate led by Goldman, Sachs & Co. as sole book runner for the offering and CIBC World Markets as co-lead manager. Banc of America Securities LLC, Piper Jaffray, Thomas Weisel Partners LLC, SunTrust Robinson Humphrey and Sanders Morris Harris are acting as co-managers.

Copies of the final prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, New York 10004 which can be reached by fax at 212-902-9316 or by email at prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 28, 2006. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

(BARE-F)