 COLUMBUS, Ohio, July 30, 2021 GLOBE NEWSWIRE -- L Brands, Inc. NYSE: LB announced today the global settlement of all stockholder derivative claims alleging workplace misconduct at the company, including claims made in derivative stockholder litigations pending in Ohio and Delaware and in stockholder demands sent to the Board of Directors the Board since February 2020. In the settlement, L Brands has agreed to a suite of corporate governance and management measures, including the maintenance of a Diversity, Equity and Inclusion DEI Council, the strengthening of policies and procedures for reporting and investigating sexual harassment complaints and the hiring of a DEI consultant. These measures, which continue the governance and management reforms the Board has been implementing over the past year, will benefit L Brands stockholders and reflect L Brands ongoing commitment to fostering a safe, equitable and inclusive workplace. 