Regis Issues Statement in Response to Starboard Letter to Company

Regis Corporation

today confirmed receipt of notice from Starboard Value and Opportunity Master Fund Ltd announcing Starboard's intent to nominate a slate of three director candidates to stand for election at the Company's 2011 Annual Shareholders Meeting. The Company has not yet scheduled its 2011 Annual Meeting. The Regis Board of Directors will review the matter in due course. The Company issued the following statement: Regis is always open to ideas that can create shareholder value, and has been in private discussions with Starboard. We will continue to engage constructively with Starboard and all of our shareholders. Our Board and management team remain firmly committed to creating value for all shareholders through the successful execution of the Company's strategy.