Facts about P&G 2003–2004 Worldwide Two billion times a day, P&G brands touch the lives of people around the world. We have one of the largest and strongest portfolios of trusted, quality brands, including Pampers, Tide, Ariel, Always, Whisper, Pantene, Bounty, Pringles, Folgers, Charmin, Downy, Lenor, Iams, Crest, Clairol Nice ‘n Easy, Actonel, Dawn and Olay. Nearly 98,000 P&G people working in almost 80 countries worldwide make sure P&G brands live up to their promise to make everyday life just a little better.

Our Purpose

We will provide branded products and services of superior quality and value that improve the lives of the world’s consumers.

As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders, and the communities in which we live and work to prosper.

Our Values Our Principles

Consumers We show respect for all individuals. The interests of the Company and the individual are inseparable. We are strategically focused in our work. Innovation is the cornerstone of our success. P&G Values We are externally focused. Leadership We value personal mastery. We seek to be the best. Ownership Mutual interdependency is a way of life. Integrity Passion for Winning Trust

P&G P&G Brands People

P&G Brands and P&G People are the foundation of P&G’s success. P&G People bring the values to life as we focus on improving the lives of the world’s consumers. Financial Information

Amounts in millions except per share amounts 2002–2003 2001–2002 2000–2001 1999–2000 1998–1999 Net Sales $43,377 $40,238 $39,244 $39,951 $38,125 Net Earnings 5,186 4,352 2,922 3,542 3,763 Core Net Earnings 1 5,724 5,058 4,615 4,442 4,338 Basic Net Earnings per Common Share $3.90 $3.26 $2.15 $2.61 $2.75 Diluted Net Earnings per Common Share 3.69 3.09 2.07 2.47 2.59 Core Diluted Net Earnings per Common Share 2 4.08 3.59 3.27 3.10 2.98 1 Amounts exclude after tax restructuring costs of $538, $706, $1475, $688 and $385 for 2003, 2002, 2001, 2000 and 1999, respectively, and excludes amortization of goodwill and indefinite-lived intangibles of $218, $212 and $190 for 2001, 2000 and 1999, respectively, that is no longer required under accounting rules for 2002. 2 Excludes restructuring charges per share of $0.39, $0.50, $1.05, $0.48 and $0.26 for 2003, 2002, 2001, 2000 and 1999, respectively and amortization of goodwill and indefinite-lived intangibles per share of $0.15 in 2001 and 2000, and $0.13 in 1999.

Common shares: 5,000,000,000 shares authorized. Approximately 1,401,300,000 outstanding as of June 30, 2003. Total shareholders: Approximately 1,234,000 common stock shareholders as of August 1, 2003. Stock splits since 1960: 1961,1970, 1983, 1989, 1992, 1997. Present dividend rate: $1.82 annually, effective August 15, 2003. Dividend payments uninterrupted since incorporation in 1890; 48 consecutive fiscal years of increased dividends per share.

Major Expenditures

Amounts in millions 2002–2003 2001–2002 2000–2001 1999–2000 1998–1999 Capital Spending $1,482 $1,679 $2,486 $3,018 $2,828 Common Dividends to Shareholders 2,121 1,971 1,822 1,681 1,517 Research and Development 1,665 1,601 1,769 1,899 1,726

Global Business Unit Overview 2002–2003

Fabric and Beauty Baby and Health Snacks and Amounts in millions Home Care Care Family Care Care Beverages Corporate Total Net Sales $12,560 $12,221 $9,933 $5,796 $3,238 $(371) $43,377 Net Earnings 2,059 1,984 882 706 306 (751) 5,186

Employees

Total Worldwide 98,000

Contact P&G – 24 Hours a Day Call Person-To-Person Visit our Web site at www.pg.com/investor Shareholder Services representatives are E-mail us at [email protected] available Monday–Friday, 9 –4 EST at Call for financial information at 1-800-742-6253. (Call 1-513-983-3034 1-800-764-7483. (Call 1-513-945-9990 outside the U.S. and Canada.) Automated outside the U.S. and Canada.) service available after U.S. business hours. P&G’s Billion-Dollar Brands

P&G at a Glance

Global Business Unit Product Lines Key Brands Net Sales by Business Segment Fabric and Home Care Laundry detergent, fabric conditioners, Tide, Ariel, Downy, Lenor, Dawn, Fairy, Joy, Gain,

dish care, household cleaners, fabric refreshers, Ace Laundry and Bleach, Swiffer, Bold, Cascade, 7% bleach and care for special fabrics Dash, Cheer, Bounce, Febreze, Mr. Clean/Proper, 13% 29% Era, Bonux, Dreft, Daz, Vizir, Flash, Salvo, Viakal, Rindex, Alomatik, Dryel, Myth, Maestro Limpio, Ivory Dish, Hi Wash, Lang Beauty Care Hair care/hair color, skin care and Pantene, Olay, Head & Shoulders, Cover Girl, 23% cleansing, cosmetics, fragrances Clairol’s Herbal Essences, Nice ‘n Easy, Natural and antiperspirants/deodorants Instincts and Hydrience, SK-II, Max Factor, 28% Hugo Boss, Secret, Zest, Old Spice, Safeguard, Rejoice, Vidal Sassoon, Pert, Ivory Personal Care, Fabric and Home Care Aussie, Lacoste, Infusion 23, Noxzema, Camay, Beauty Care Sure, Physique, Infasil, Laura Biagiotti, Muse, Baby and Family Care Wash&Go, Giorgio, Mum Health Care Feminine protection pads, tampons Always, Whisper, Tampax, Lines Feminine Care, Snacks and Beverages and pantiliners Naturella, Evax, Ausonia, Orkid Baby and Family Care Baby diapers, baby and toddler wipes, Pampers, Luvs, Kandoo, Dodot baby bibs, baby change and bed mats Paper towels, toilet tissue and facial tissue Charmin, Bounty, Puffs, Tempo, Codi Health Care Oral care, pet health and nutrition, Crest, Iams, Eukanuba, Vicks, Actonel, Asacol, pharmaceuticals and personal health care Metamucil, Fixodent, PUR, Scope, Pepto-Bismol, Macrobid, Didronel, ThermaCare Snacks and Beverages Snacks and beverages Pringles, Folgers, Millstone, Torengos, Sunny Delight, Punica Worldwide Operations

Algeria, 2001 Greece, 1960 Portugal, 1989 Argentina, 1991 Guatemala, 1985 Puerto Rico, 1947 Australia, 1985 Honduras, 1985 Romania, 1994 Austria, 1966 Hong Kong, 1969 Russia, 1991 Azerbaijan, 1998 Hungary, 1991 Saudi Arabia, 1957 Bangladesh, 1995 India, 1985 Serbia and Montenegro, 1996 Belarus, 1995 Indonesia, 1970 Singapore, 1969 Belgium, 1955 Ireland, 1980 Slovakia, 1993 Bolivia, 1997 Israel, 2001 Slovenia, 1996 Bosnia and Herzegovina, 1998 Italy, 1956 South Africa, 1994 Brazil, 1988 Japan, 1973 South Korea, 1988 Bulgaria, 1994 Kazakhstan, 1996 Spain, 1968 Canada, 1915 Kenya, 1985 Sri Lanka, 1996 Caribbean Islands, 1986 Latvia, 1995 Sweden, 1969 Chile, 1983 Lebanon, 1959 Switzerland, 1953 China, 1988 Luxembourg, 2003 Taiwan, 1984 Colombia, 1982 Malaysia, 1969 Thailand, 1985 Costa Rica, 1995 Mexico, 1948 Turkey, 1987 Croatia, 1996 Morocco, 1958 Ukraine, 1993 Czech Republic, 1991 Netherlands, 1964 United Arab Emirates, 2001 Denmark, 1992 New Zealand, 1985 United Kingdom, 1930 Egypt, 1986 Nicaragua, 1985 United States, 1837 El Salvador, 1988 Nigeria, 1992 Venezuela, 1950 Estonia, 1995 Norway, 1993 Vietnam, 1994 Finland, 1971 Pakistan, 1989 Yemen, 1995 Former Yugoslav Republic Panama, 2000 of Macedonia, 1998 Peru, 1956 France, 1954 Philippines, 1935 Germany, 1960 Poland, 1991

The year listed indicates when business was first established. Corporate Officers

A.G. Lafley Mark D. Ketchum Richard L. Antoine Chairman of the Board, President – Global Baby and Global Human Resources President and Chief Executive Family Care Officer

Bruce L. Byrnes Robert A. McDonald G. Gilbert Cloyd Vice Chairman of the Board President – Global Fabric and Chief Technology Officer and President – Global Beauty Home Care and Feminine Care and Global Clayton C. Daley, Jr. Health Care Jorge S. Mesquita Chief Financial Officer President – Global Home Care R. Kerry Clark Stephen N. David Vice Chairman of the Board Jorge P. Montoya Chief Information Officer and and President – Global Market President – Global Snacks and Business-to-Business Officer Development and Business Beverages and Latin America Operations R. Keith Harrison, Jr. A.G. Lafley Tom A. Muccio Global Product Supply Officer Chairman of the Board, Fernando Aguirre President on Special President and Chief Executive President – Special Projects Assignment James J. Johnson Chief Legal Officer Jeffrey P. Ansell Martin J. Nuechtern President – Global Pet Health President – Global Hair Care Mariano Martin and Nutrition Global Customer Business Dimitri Panayotopoulos Development Officer Susan E. Arnold President – Central and Eastern President – Global Personal Europe, Middle East and Africa Charlotte R. Otto Beauty Care and Global Global External Relations Feminine Care Laurent L. Philippe Officer President – Greater China Charles V. Bergh Filippo Passerini President – ASEAN, Australasia Charles E. Pierce Global Business Services Officer and India President – Global Family Care James R. Stengel Mark A. Collar Paul Polman Global Marketing Officer President – Global President – Western Europe Pharmaceuticals Juan Pedro Hernandez Robert A. Steele Vice President and Treasurer Fabrizio Freda President – North America President – Global Snacks John K. Jensen Richard G. Pease Vice President and Comptroller Werner Geissler Senior Vice President – Human President – Northeast Asia Resources, Global Baby and Sharon E. Abrams Family Care Secretary Michael J. Griffith President – Global Beverage Nabil Y. Sakkab Senior Vice President – Deborah A. Henretta Research and Development, President – Global Baby Care Global Fabric and Home Care

Corporate Headquarters Mailing Address: Founded 1837. Incorporated 1890. © 2003 Procter & Gamble One Procter & Gamble Plaza P.O. Box 599 0018-6492 Cincinnati, Ohio Cincinnati, Ohio 45201 Visit our website at www.pg.com.