REGIS CORPORATION

    Reference is made to the Private Shelf Agreement (the "Agreement"), dated
as of July 25, 1995 between Regis Corporation (the "Company"), on the one hand,
and The Prudential Insurance Company of America ("Prudential") and each
Prudential Affiliate which becomes party thereto, on the other hand. All terms
used herein that are defined in the Agreement have the respective meanings
specified in the Agreement.

    Prudential or the Prudential Affiliate which is named below as a Purchaser
of Notes hereby confirms the representations as to such Notes set forth in
paragraph 9 of the Agreement, and agrees to be bound by the provisions of
paragraphs 2E and 2G of the Agreement relating to the purchase and sale of such
Notes and by the provisions of the penultimate sentence of paragraph 11A of the
Agreement.

    Pursuant to paragraph 2E of the Agreement, an Acceptance with respect to
the following Accepted Notes is hereby confirmed:

I.  Accepted Notes: Aggregate principal
    amount $5,000,000

                   (a)  Name of Purchaser: The Prudential Insurance Company of
                        America
                   (b)  Principal amount: $5,000,000
                   (c)  Final maturity date: July 1, 2003
                   (d)  Principal prepayment dates and amounts: None
                   (e)  Interest rate: 7.99%
                   (f)  Interest payment period: Quarterly
                   (g)  Payment and notice instructions: As set forth on
                        attached Purchaser Schedule

II. Closing Day: June 10, 1996

Dated: June 5, 1996               REGIS CORPORATION


                                  By: /s/ Myron Kunin
                                     -------------------------
                                  Title: Chairman
                                        ----------------------

                                  THE PRUDENTIAL INSURANCE COMPANY
                                   OF AMERICA


                                  By: /s/ P. Scott von Fischer
                                     -------------------------
                                     Vice President




                                  PURCHASER SCHEDULE
                                    SERIES B NOTES
                                  REGIS CORPORATION

                                                 Aggregate
                                                 Principal
                                                 Amount of
                                                 Notes to be    Note Denom-
                                                 Purchased      ination(s)
                                                 -----------    -----------

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA      $5,000,000     $5,000,000
(1) All payments on account of Notes held
    by such purchaser shall be made by
    wire transfer of immediately available
    funds for credit to:

    Account No. 050-54-526
    Morgan Guaranty Trust Company of New York
    23 Wall Street
    New York, New York 10015
    (ABA No.: 021-000-238)

    Each such wire transfer shall set
    forth the name of the Company, a
    reference to "7.99% Senior Notes
    due July 1, 2003, Security No.
    !INV5356!," and the due date and
    application (as among principal,
    interest and Yield-Maintenance
    Amount) of the payment being made.

(2) Address for all notices relating to
    payments:

    The Prudential Insurance Company of
    America
    c/o Prudential Capital Group
    Four Gateway Center
    100 Mulberry Street
    Newark, New Jersey 07102

    Attention: Manager, Investment
    Operations Group
    Telephone: (201) 802-5260
    Telecopy: (201) 802-8055

(3) Address for all other communications
    and notices:

    The Prudential Insurance Company of
    America
    c/o Prudential Capital Group
    Two Prudential Plaza
    180 North Stetson Street, Suite 5600
    Chicago, Illinois 60601-6716

    Attention: Managing Director
    Telecopy: (312) 540-4222

(4) Recipient of telephonic prepayment
    notices:

    Manager, Investment Structure and
    Pricing
    Telephone: (201) 802-6660
    Telecopy: (201) 802-9425

(5) Tax Identification No.: 22-1211670