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Posted: Friday 18 April 2008

1998 Future Shares Expire Soon

If you wish to benefit from Future Shares awarded to you in 1998 you must act soon.

FUTURE SHARES
If you received a Future Shares stock option grant, in May 1998, you have until 14th May, 2008 to exercise these shares. You can exercise in different ways - you may elect to receive the appreciation value in cash, or you may use your Future Shares to increase your ownership of P&G by receiving shares of stock. The shares are not automatically sent to you or cashed-in for you. If you wish to exercise your Future Shares, you will need to call 0191 218 0800 or free phone 00800 4321 8000 and ask for an information pack to be sent to you. This contains the forms you will need to exercise your shares.

If you do nothing, your Future Shares will expire i.e. from your perspective they will simply be gone.

Note that this posting refers to Future Shares awarded in 1998 and is not relevant to future shares awarded in any other year.

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