Anne Hathaway Apologizes for Last-Minute Oscar Dress Switch

02/26/2013 at 03:30 PM EST

Oscars 2013: Anne Hathaway Dress Switch from Valentino to Prada
Anne Hathaway (left) and the Valentino dress that appears to have been her first choice
John Shearer/Invision/AP; Marcus Tondo/InDigital
What's a girl to do?

Best Supporting Actress winner Anne Hathaway's pale pink (and hotly debated) Prada gown wasn't the actress's first choice for the Academy Awards last Sunday.

"It came to my attention late Saturday night that there would be a dress worn to the Oscars that is remarkably similar to the Valentino I had intended to wear, and so I decided it was best for all involved to change my plans," she tells PEOPLE in an exclusive statement.

The actress, 30, is indeed a longtime fan of Valentino and has embraced the fashion house's designs for many years, including when she wed Adam Shulman last September.

"Though I love the dress I did wear, it was a difficult last minute decision as I had so looked forward to wearing Valentino in honor of the deep and meaningful relationship I have enjoyed with the house and with Valentino himself," Hathaway continues.

"I deeply regret any disappointment caused."

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