Restricted Units Quick Tips This “Quick Tips” highlights important information about Restricted Stock Units. What Are Restricted Stock Units? A Restricted Stock Unit award is a promise from Colgate-Palmolive to deliver shares of Colgate to you once certain vesting requirements have been met. When the conditions for vesting have been met, the shares resulting from the award are paid to you through deposit into your Merrill Lynch Limited Individual Account (LIIA). The LIIA is the limited, self-directed, non-interest bearing brokerage account you must open before you can receive shares from your award.

Restricted Stock Unit awards have value as as Colgate’s stock has value. What is the Vesting Period? The vesting period is the period during which restrictions on the Restricted Stock Unit award apply. During this vesting period, you cannot sell, pledge, transfer or assign your Restricted Stock Unit award. paid by Colgate on its common stock are accrued during this vesting period, and the value of the accrued dividends is paid out in the form of additional Colgate shares when the Restricted Stock Units vest. You do not have voting rights until the shares are actually released to you.

Your award may be forfeited if the conditions for vesting are not met. For Colgate Restricted Stock Unit awards, the vesting period is typically three years. To receive your shares, you must remain a Colgate-Palmolive employee for the entirety of the vesting period (except in cases of retirement, death or disability). What happens when a Restricted Stock Unit Award vests? You will be notified by Merrill Lynch when your grant vests, and the shares from the award will be deposited into your LIIA (provided you have opened that brokerage account). A confirmation of this transaction will also be mailed to your attention.

Restricted Stock Units Timeline (assuming grant date of September 12, 2013)

Year 1 Year 2 Year 3 September 12, 2016 Shares deposited to your Merrill Lynch brokerage account (LIIA)

Units Units Units Restricted Not Not Not Stock Units Vested Vested Vested Vest

Some of your shares Vesting Period Vesting Date are withheld for taxes What about taxes? The grant of an award generally results in taxable income and the tax implications may vary depending on your country of work and/or your country of residency and/or your country of citizenship. Under U.S. tax law, generally awards are taxed as ordinary income based on their total fair market value on the vesting date and some of the shares from the award are withheld to cover your tax obligation. Depending on your country of residence, you may be able to satisfy your tax obligation by selling shares at the moment of vesting. Restricted Stock Unit Award Example* Jonathan receives a Restricted Stock Unit award in September as follows:

Restricted Stock Units granted 100 Company stock price at time of grant $10 Grant value at time of grant $1,000 [100 × $10] Vesting period 3 years

If Jonathan continues to work at the Company, he will receive 100 shares of Company stock at the prevailing market price at the end of the vesting period.

Restricted Stock Units granted 100 Accrued dividends during vesting period 4 Shares Company stock price at end of vesting $13 Pre-tax value of stock at the end of vesting period (100 + 4) x $13 = $1,352

*Example is for illustrative purposes only.

Modeling Your Restricted Stock Unit Award You can model your Restricted Stock Unit award(s) on Benefits OnLine®. To get started, log on to www.benefits.ml.com, select Equity Plans from the My Accounts page, then choose Model.

Have questions about your award information at Merrill Lynch? • Participant service representatives – (877) 767-2404 (press # # #) • Interactive Voice Response (IVR) system – (877) 767-2404 • If you are located outside the U.S., Puerto Rico or Canada, dial +1 (609) 818-8894

Any Restricted Stock Unit awards that you may have or will be granted are governed by the applicable agreements between you and Colgate- Palmolive covering your stock-based awards and the Colgate-Palmolive Company 2013 Incentive Compensation Plan. If there is any conflict between the information in the overview and the official documents governing the plans and programs, the official documents will control. This overview does not purport to be complete and reference is made to the official documents for a full and complete statement of the terms and provisions.

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