Director Mariam Naficy not standing for re-election due to BBRC proxy contest

Victoria's Secret & Co.

• Naficy withdrew nomination for 2026 annual meeting (June 11, 2026) citing time required for BBRC's proxy contest launched May 4.
• No disagreement with company, management, or board; she will serve until the annual meeting.
• Board size reduces from 10 to 9 immediately after the meeting.

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