Anne Hathaway (left) and the Valentino dress that appears to have been her first choice
John Shearer/Invision/AP; Marcus Tondo/InDigital
02/26/2013 AT 03:30 PM EST
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
"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."