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Financial : Shares FAQ

Last updated 10th November 2006

Q. What happens to my 1-4-1 shares?
A. Regardless of the circumstances in which you leave P&G, you will no longer be eligible to make contributions to the 1-4-1 Plan.

All the shares and any of your contributions and dividend funds still held in cash on your behalf must be withdrawn from the plan.Any residual cash balance that has not been used to purchase shares will automatically be refunded to you once the relevant income tax and NIC liabilities have been deducted.

(Regardless of the circumstances in which you leave P&G, you will not forfeit any matching shares purchased using the company matching contribution.)

If you leave P&G in special circumstances (for example retirement), there will be no income tax or national insurance contribution liability on your shares. The company will notify the trustees that you have left P&G within 14 days after your employment ceases.

Capita Share Plan Services will then write to you at your home address requesting you confirm which of the following actions you wish them to take:
" Sell all shares and send the proceeds.
" Transfer all shares into your own name (for which you
will receive a certificate).
" Transfer shares into the Share Investment Scheme. If you opt for this, you will be liable for Capital Gains Tax which will be based on the difference between the market value of your shares on the date you left P&G and the sale proceeds when you eventually sell the shares. (You are recommended to take independent financial advice with regard to your potential liability for Capital Gains Tax).

Q. What happens to my Matched Savings Share Purchase Plan shares?
A. Each share must be held in the MSSPP trust until it reaches its 5 year maturity date. At this point you can request the sale or transfer of your shareholding. If you do not wish to sell your shareholding at the maturity date, you can request they be transferred to the Share Investment Scheme (and can be held ongoing). Upon reaching age 60, the holding period for all your shares will end. This means you can sell them or withdraw them straight away. However, if you choose to sell or transfer any matching shares (purchased using the company contribution) within 3 years of the date they were allocated to you, you will have to pay income tax on 50% of the value of the matching shares when they were allocated to you or the sale proceeds if less.(Regardless of the circumstances in which you leave P&G, you will not forfeit any matching shares purchased using the company matching contribution.)

Q. What happens to my Future Shares?
A. If you leave P&G in special circumstances (for example retirement), you continue to keep your Future Shares. All the normal Future Shares rules continue to apply. You will need to wait to exercise your Future Shares until the vesting period is over (see chart below) and you need to exercise during the stated exercise period.

Grant Date

Grant Price

Date of Exercise

Date Option Lapses

15.05.1998

$82.75

15.05.2003

14.05.2008

14.05.1999

$91.5625

14.05.2004

13.05.2009

15.05.2000

$64.2813

15.05.2005

14.05.2010

15.09.2000

$62.50

15.09.2005

14.09.2010

24.09.2001

$69.67

24.09.2006

23.09.2011

13.09.2002

$91.325

13.09.2007

12.09.2012

Note that no future shares were issued after 2002

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