RH Announces CFO Transition

Jack Preston Appointed as Chief Financial Officer

Ryno Blignaut to Step Down

CORTE MADERA, Calif.–(BUSINESS WIRE)–RH (NYSE: RH) today announced the appointment of Jack Preston as Chief
Financial Officer of RH. Mr. Preston will lead all financial functions
including strategic and financial planning, accounting, treasury, tax,
internal audit and investor relations across the Company’s multiple
businesses and brands. Mr. Preston is currently a member of the RH
executive leadership team, serving as Senior Vice President, Finance &
Chief Strategy Officer. Mr. Preston joined RH in 2013 and previously
worked in investment banking at Bank of America Merrill Lynch for more
than twelve years where he executed multiple financings for consumer and
retail companies including RH’s initial public offering. Mr. Preston
holds a bachelor of commerce degree from the University of British
Columbia.

Ryno Blignaut has decided based upon health considerations to step down
from his current role at RH. In order to assure a seamless transition of
his responsibilities, Mr. Blignaut’s resignation will take effect on
April 3, 2019 or such earlier date as RH elects to file its Annual
Report on Form 10-K.

Gary Friedman, RH Chairman and Chief Executive Officer, commented, “We
are pleased to announce the promotion of Jack Preston to the position of
Chief Financial Officer of RH. Jack’s experience working with the RH
leadership team in roles of increasing responsibility since 2013 makes
him a perfect fit to assume the role of Chief Financial Officer as we
continue our pursuit of becoming one of the most innovative and admired
brands in the world. During Jack’s six years at RH, he has been a key
contributor in the architecture of our new membership and business
models, as well as leading multiple financing and capital markets
transactions including our three 0% convertible note offerings and share
repurchase programs.”

Mr. Friedman continued, “All of us at RH are grateful for Ryno’s
contributions and understand that he currently needs to allocate a
substantial portion of his time to personal matters. We appreciate
Ryno’s willingness to work closely with Jack and the RH leadership team
to help ensure a smooth transition and wish Ryno and his family all the
best for the future.”

Mr. Blignaut commented, “It has been a privilege working with Gary and
the entire RH team. I joined RH looking forward to being a long-term
contributor to one of the most innovative companies in retail. Although
I am not able to continue in my role, I have a high level of confidence
in Jack’s ability to lead the finance organization going forward. Jack
has been a key partner to me during my time at the Company and I wish
both him and Team RH continued success.”

RH expects to report fourth quarter and fiscal 2018 financial results
during the week of March 25, 2019.

About RH

RH (NYSE: RH) is a curator of design, taste and style in the luxury
lifestyle market. The Company offers its collections through its retail
galleries across North America, the Company’s multiple Source Books, and
online at RH.com, RHModern.com, RHBabyandChild.com, RHTeen.com and
Waterworks.com.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the federal securities laws, including statements regarding
our next phase of growth, our business model and becoming one of the
most innovative and admired brands in the world, the expected benefits
to RH from the appointment of Mr. Preston as Chief Financial Officer,
the organizational structure and responsibilities of Mr. Preston, the
anticipated timing of our fourth quarter earnings release and the timing
for filing of our Annual Report on Form 10-K, our plans and efforts to
assure a smooth and orderly transition of responsibilities from Mr.
Blignaut to Mr. Preston and any statements or assumptions concerning
either of them or underlying any of the foregoing. You can identify
forward-looking statements by the fact that they do not relate strictly
to historical or current facts. These statements may include words such
as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,”
“believe,” “may,” “will,” “should,” “likely” and other words and terms
of similar meaning in connection with any discussion of the timing or
nature of future events. We cannot assure you that future developments
affecting us will be those that we have anticipated. Important risks and
uncertainties that could cause actual results to differ materially from
our expectations include, among others, our ability to retain key
personnel; risks related to the number of new business initiatives we
are undertaking; successful implementation of our growth strategy; our
ability to anticipate consumer preferences and buying trends, and
maintaining our brand promise to customers; as well as those risks and
uncertainties disclosed under the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” in RH’s most recent Form 10-K filed with the Securities
and Exchange Commission, and similar disclosures in subsequent reports
filed with the SEC, which are available on our investor relations
website at ir.rh.com and on the SEC website at www.sec.gov.
You should not place undue reliance on these forward-looking statements.
Any forward-looking statement made by us in this press release speaks
only as of the date on which we make it. We undertake no obligation to
publicly update any forward-looking statement, whether as a result of
new information, future developments or otherwise, except as may be
required by any applicable securities laws.

Contacts

Cammeron McLaughlin
415-945-4998
cmclaughlin@rh.com

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