Nestle and Colgate-Palmolive Announce Portable Oral Care Agreement 
 
    VEVEY, Switzerland and NEW YORK, June 17, 2003 Nestle S.A. and Colgate-
Palmolive Company (NYSE: CL) today announced an agreement to pursue on a 
worldwide basis the development, marketing, distribution and sale of a portfolio 
of portable oral care products.  These products are sold alongside traditional 
confectionery items, taste good, clean teeth and freshen breath.  The initial 
product of the collaboration will be Colgate Dental Gum in its current test 
markets of the UK, Ireland and Canada.  Expansion of this product and other new 
products will depend on the success in these initial markets.  
    For both companies, whose know-how and competences are complementary in 
this field, portable oral care products have the potential to offer 
incremental sales as consumers look for effective and convenient oral care 
products while on the go and outside of home.  
    This agreement, which is subject to customary conditions, including any 
required regulatory approvals, is expected to become effective early in 2004. 
 
    About Nestle: Nestle is the world's largest food company.  Founded in 
Switzerland in 1866, it now sells its products in all countries of the world 
and runs 500 factories in 86 countries.  In 2002, the Group's sales amounted 
to CHF 89.2 billion (USD 57.6 billion / Euro 60.8 billion).  Nestle employs 
254,000 people worldwide and is a world leader in soluble coffee (Nescafe), 
infant nutrition (Nestle), chocolate and confectionery (Nestle, KitKat, 
Crunch), dairy products (Nestle, Nido), prepared foods (Maggi, Buitoni, 
Stouffer's), chocolate and milk beverages (Nesquik, Milo), bottled water 
(Perrier, Vittel, Contrex, S. Pellegrino), as well as petcare (Purina). 
 
    About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer 
products company, tightly focused on Oral Care, Personal Care, Household 
Surface Care, Fabric Care and Pet Nutrition.  Colgate sells its products in 
over 200 countries and territories around the world under such internationally 
recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, 
Protex, Sorriso, Kolynos, Ajax, Axion, Soupline, Suavitel and Fab, as well as 
Hill's Science Diet and Hill's Prescription Diet pet foods.  For more 
information about Colgate's global business, visit Colgate's website on the 
internet at www.colgate.com. 
 
    This press release may contain forward-looking statements.  Actual events 
or results may differ materially from those statements.  Investors should 
consult Colgate's filings with the Securities and Exchange Commission for 
information about factors that could cause such differences (including the 
information set forth under the caption "Cautionary Statement on  
Forward-Looking Statements" in Colgate's Form 10-K for the year ended  
December 31, 2002).  Copies of these filings may be obtained upon request from 
Colgate's Investor Relations Department or Colgate's website on the internet 
at www.colgate.com. 
 
    Logo:  http://www.newscom.com/cgi-bin/prnh/20030616/NYM183LOGO-a 
           http://www.newscom.com/cgi-bin/prnh/20030616/NYM183LOGO-b ) 
 
SOURCE  Nestle S.A.; Colgate-Palmolive Company 
    -0-                             06/17/2003 
    /CONTACT:  Nestle: Media - Francois-Xavier Perroud, +41-21-924-2596, or 
Investors - Roddy Child-Villiers, +41-21-924-3622; or Colgate-Palmolive:  
Media - Bob Murray, +1-212-310-2199, bob_murray@colpal.com, or  
Investors - Bina Thompson, +1-212-310-3072/ 
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20030616/NYM183LOGO-a 
             http://www.newscom.com/cgi-bin/prnh/20030616/NYM183LOGO-b 
               AP Archive:  http://photoarchive.ap.org 
               PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840/ 
    /Web site:  http://www.colgate.com 
                http://www.nestle.com / 

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