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P&G Annual Meeting of Shareholders – Questions and Answers


When and where will the 2008 P&G Annual Meeting of Shareholders be held?
The Annual Meeting of Shareholders will be held on Tuesday, October 14, 2008. It will take place
at the Aronoff Center for the Arts in Cincinnati, Ohio. The meeting will begin at 9 a.m. Eastern
Daylight Time. The doors will open approximately one hour before the meeting.

An admission ticket to the meeting is included with the Notice of Internet Availability of Proxy
Materials sent to registered holders. An admission ticket is also included in the set of printed proxy
materials sent to registered shareholders requesting printed materials.

If your shares are held in the name of a broker, trust, bank, or other nominee, you will need to
bring a proxy or letter from that institution confirming that you are the beneficial owner of those
shares.

Why did I receive a notice in the mail regarding the Internet availability of proxy materials
this year instead of a full set of printed proxy materials?
If you were a shareholder of P&G common stock as of the August 15, 2008 record date, we sent
you a Notice of Internet Availability of Proxy Materials. We mailed this notice August 29, 2008.

In July 2007, the Securities and Exchange Commission (SEC) amended the proxy rules, providing a
quot;Notice and Accessquot; model that allows companies to provide access to proxy materials through the
Internet as an alternative to the traditional delivery of printed proxy materials. By adopting this
model, P&G reduced the number of printed copies of its annual report and proxy materials this year
by approximately 80 percent, significantly reducing the environmental impact and lowering the cost
of producing and delivering these materials.

If, however, you prefer hard copy materials, P&G will gladly provide them free of charge. Simply
make the request as instructed in the Notice. Hard copies of materials were mailed on August 29th
to shareholders who had previously requested printed copies of the proxy materials.

You may access the proxy materials on the website referred to in the Notice by following the
instructions provided. The Notice also includes instructions on how to vote your shares and request
printed copies of the proxy materials, if desired.

How do I access P&G's Annual Meeting materials online?
The Notice you received provides an Internet address and instructions to view the proxy materials
for the 2008 Annual Meeting online. P&G’s 2008 Proxy Statement and 2008 Annual Report can
also be accessed from P&G's website at www.pg.com/investors. Shareholders can also access this
material at www.proxyvote.com.
How do I request a paper copy of the proxy materials?
Paper copies of P&G's annual meeting materials are available at no cost to you upon your request.
To request a paper copy of the proxy materials, follow the instructions on the Notice that you
received in the mail. You may elect to receive paper copies for the current Annual Meeting or for all
future Annual Meetings.

How do I vote my shares of P&G stock?
Most shareholders choose to vote their shares by proxy. If you were a shareholder as of the August
15, 2008 record date, you may vote your shares by proxy. All proxies properly submitted will be
counted at the annual meeting and voted in accordance with your instructions. You can vote by
proxy using one of three methods:
1. Via the Internet – Follow the instructions in the Notice of Internet Availability of Proxy Materials.
    Shareholders can access this material at www.proxyvote.com. To view the proxy materials and
    vote your shares via the Internet, you will need to have the access control number that is shown
    on your Notice.
2. By Mail – If you ask to receive printed copies of the annual meeting materials by mail, you may
    vote by signing your proxy card and returning it by mail.
3. By Telephone – If you ask to receive printed copies of the annual meeting materials by mail, you
    may vote by telephone using the instructions in the printed materials.

What is the difference between holding shares as a registered shareholder of record and
as a beneficial owner of shares held in quot;street namequot;?
If your shares are registered directly in your name, you are considered the quot;shareholder of recordquot;
of those shares, and the Notice was sent directly to you by mail on August 29, 2008. If your shares
are held in an account at a brokerage firm, bank, broker-dealer or other similar organization, you
are the beneficial owner of shares and the Notice was forwarded to you by your bank or broker. As
a beneficial owner, you have the right to direct your bank or broker-dealer about how to vote the
shares held in your account.

What are the benefits of P&G adopting the Notice and Access model of delivery?
We expect to reduce the printed copies of our annual report and proxy materials by 80%, saving
up to 250 million printed pages plus the energy and expense to produce and deliver these
materials.

Why did you not include a P&G brandSAVER® coupon booklet in the mailing of printed
proxy materials?
P&G has adopted the SEC Notice & Access approach for distribution of proxy materials. With this
new approach, P&G estimates that 80% or more of its shareholders will receive materials
electronically. This reduces cost and environmental impact of the annual report and proxy.
P&G does not offer brandSAVER® electronically, so to maintain fairness between the 80% of
shareholders who receive materials electronically and the 20% who receive hard copy documents,
we have decided to eliminate the brandSAVER® from hard copy mailings.

For simple solutions, expert advice, great offers and promotions from the P&G family of brands, we
encourage you to visit www.pgeverydaysolutions.com and look for the P&G brandSAVER® inserts
available in Sunday newspapers throughout the country.

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P&G Annual Meeting Questions and Answers

  • 1. P&G Annual Meeting of Shareholders – Questions and Answers When and where will the 2008 P&G Annual Meeting of Shareholders be held? The Annual Meeting of Shareholders will be held on Tuesday, October 14, 2008. It will take place at the Aronoff Center for the Arts in Cincinnati, Ohio. The meeting will begin at 9 a.m. Eastern Daylight Time. The doors will open approximately one hour before the meeting. An admission ticket to the meeting is included with the Notice of Internet Availability of Proxy Materials sent to registered holders. An admission ticket is also included in the set of printed proxy materials sent to registered shareholders requesting printed materials. If your shares are held in the name of a broker, trust, bank, or other nominee, you will need to bring a proxy or letter from that institution confirming that you are the beneficial owner of those shares. Why did I receive a notice in the mail regarding the Internet availability of proxy materials this year instead of a full set of printed proxy materials? If you were a shareholder of P&G common stock as of the August 15, 2008 record date, we sent you a Notice of Internet Availability of Proxy Materials. We mailed this notice August 29, 2008. In July 2007, the Securities and Exchange Commission (SEC) amended the proxy rules, providing a quot;Notice and Accessquot; model that allows companies to provide access to proxy materials through the Internet as an alternative to the traditional delivery of printed proxy materials. By adopting this model, P&G reduced the number of printed copies of its annual report and proxy materials this year by approximately 80 percent, significantly reducing the environmental impact and lowering the cost of producing and delivering these materials. If, however, you prefer hard copy materials, P&G will gladly provide them free of charge. Simply make the request as instructed in the Notice. Hard copies of materials were mailed on August 29th to shareholders who had previously requested printed copies of the proxy materials. You may access the proxy materials on the website referred to in the Notice by following the instructions provided. The Notice also includes instructions on how to vote your shares and request printed copies of the proxy materials, if desired. How do I access P&G's Annual Meeting materials online? The Notice you received provides an Internet address and instructions to view the proxy materials for the 2008 Annual Meeting online. P&G’s 2008 Proxy Statement and 2008 Annual Report can also be accessed from P&G's website at www.pg.com/investors. Shareholders can also access this material at www.proxyvote.com.
  • 2. How do I request a paper copy of the proxy materials? Paper copies of P&G's annual meeting materials are available at no cost to you upon your request. To request a paper copy of the proxy materials, follow the instructions on the Notice that you received in the mail. You may elect to receive paper copies for the current Annual Meeting or for all future Annual Meetings. How do I vote my shares of P&G stock? Most shareholders choose to vote their shares by proxy. If you were a shareholder as of the August 15, 2008 record date, you may vote your shares by proxy. All proxies properly submitted will be counted at the annual meeting and voted in accordance with your instructions. You can vote by proxy using one of three methods: 1. Via the Internet – Follow the instructions in the Notice of Internet Availability of Proxy Materials. Shareholders can access this material at www.proxyvote.com. To view the proxy materials and vote your shares via the Internet, you will need to have the access control number that is shown on your Notice. 2. By Mail – If you ask to receive printed copies of the annual meeting materials by mail, you may vote by signing your proxy card and returning it by mail. 3. By Telephone – If you ask to receive printed copies of the annual meeting materials by mail, you may vote by telephone using the instructions in the printed materials. What is the difference between holding shares as a registered shareholder of record and as a beneficial owner of shares held in quot;street namequot;? If your shares are registered directly in your name, you are considered the quot;shareholder of recordquot; of those shares, and the Notice was sent directly to you by mail on August 29, 2008. If your shares are held in an account at a brokerage firm, bank, broker-dealer or other similar organization, you are the beneficial owner of shares and the Notice was forwarded to you by your bank or broker. As a beneficial owner, you have the right to direct your bank or broker-dealer about how to vote the shares held in your account. What are the benefits of P&G adopting the Notice and Access model of delivery? We expect to reduce the printed copies of our annual report and proxy materials by 80%, saving up to 250 million printed pages plus the energy and expense to produce and deliver these materials. Why did you not include a P&G brandSAVER® coupon booklet in the mailing of printed proxy materials? P&G has adopted the SEC Notice & Access approach for distribution of proxy materials. With this new approach, P&G estimates that 80% or more of its shareholders will receive materials electronically. This reduces cost and environmental impact of the annual report and proxy. P&G does not offer brandSAVER® electronically, so to maintain fairness between the 80% of shareholders who receive materials electronically and the 20% who receive hard copy documents, we have decided to eliminate the brandSAVER® from hard copy mailings. For simple solutions, expert advice, great offers and promotions from the P&G family of brands, we encourage you to visit www.pgeverydaysolutions.com and look for the P&G brandSAVER® inserts available in Sunday newspapers throughout the country.