Products

Under a consent agreement with the FTC, P&G and Gillette will be required to sell overlapping assets

1. Gillette’s Rembrandt at-home teeth whitening business
2. P&G’s Crest SpinBrush battery-powered and rechargeable toothbrush business
3. Gillette’s Right Guard men’s AP/DO business. In addition, P&G must amend its joint venture agreement with Philips Oral Health Care, Inc. (Philips) regarding the Crest Sonicare IntelliClean System rechargeable toothbrush. In addition, Gillette has agreed to make Soft & Dri and Dry Idea deodaorant brands available for purchase by the Right Guard buyer.
4. The merger agreement requires P&G to amend its joint venture agreement with Philips regarding IntelliClean.

*****UPDATES FOLLOW*****

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SpinBrush (SOLD)(Nov 4, 2005) — Church & Dwight completes purchase of SpinBrush(R) Toothbrush business from P&G. The sale was completed substantially under the original terms announced on Sep. 14, 2005, which called for Church & Dwight to pay $75 million in cash, plus an inventory settlement amount following the business transfer and additional payments of up to $30 million based on the near-term performance of the business.The transaction requires P&G to divest the rights and assets relating to adult battery-powered and rechargeable toothbrushes, including research and development data, sales and marketing materials, and intellectual property. In addition, P&G will provide Church & Dwight with a transitional license to the Crest trademark to use with the SpinBrush name.

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Rembrandt (SOLD)(Jan 15, 2006) — Personal Products Company, a Johnson & Johnson company, announced that it has completed its acquisition of the Rembrandt Brand of oral care products from The Gillette Company.(Dec 15, 2005) — FTC Approves Sale of Rembrandt to Johnson & Johnson
(Oct. 24, 2005) — Personal Products Company, a Johnson & Johnson company, announced today that it has entered into a definitive agreement to purchase the Rembrandt Brand of oral care products from The Gillette Company.

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Right Guard (SOLD)
(Feb 21, 2006) — US-based Dial Corp, a subsidiary of German consumer products giant Henkel KGAA Monday announced that it has agreed to purchase Gillette’s Right Guard and some other brands in a deal worth $420 million.The deal will make Henkel the third biggest player in the US deodorant market, the German company said. The sale of Right Guard is in accordance with the conditions set by the US anti-trust authorities for the approval of the $57 billion takeover of Gillette by Procter& Gamble. The deal also includes the purchase of the Soft & Dri and Dry Idea

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IntelliClean
The merger agreement requires P&G to amend its joint venture agreement with Philips. The amended agreement allows Philips independently to market and sell IntelliClean and eliminates all non-compete provisions, allowing both P&G and Philips to develop and sell rechargeable toothbrush products in the future.