Procter & Gamble Investor Presentation — September 2017

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September 7, 2017Forward Looking Statements

Certain statements inthisrelease orpresentation, other than purely historical information, including estimates, projections, statements relating toourbusiness plans, objectives,

andexpected operating results, andtheassumptions upon which those statements arebased, are“forward -looking statements” within themeaning ofthePrivate Securities

Litigation Reform Actof1995 ,Section 27AoftheSecurities Actof1933 andSection 21EoftheSecurities Exchange Actof1934 .These forward -looking statements generally are

identified bythewords “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will

continue,” “willlikely result,” andsimilar expressions .Forward -looking statements arebased oncurrent expectations andassumptions, which aresubject torisks anduncertainties

thatmay cause results todiffer materially from those expressed orimplied intheforward -looking statements .Weundertake noobligation toupdate orrevise publicly anyforward -

looking statements, whether because ofnew information, future events orotherwise .

Risks anduncertainties towhich ourforward -looking statements aresubject include, without limitation :(1)theability tosuccessfully manage global financial risks, including foreign

currency fluctuations, currency exchange orpricing controls andlocalized volatility ;(2)theability tosuccessfully manage local, regional orglobal economic volatility, including

reduced market growth rates, andtogenerate sufficient income andcash flow toallow theCompany toaffect theexpected share repurchases anddividend payments ;(3)the

ability tomanage disruptions incredit markets orchanges toourcredit rating ;(4)theability tomaintain keymanufacturing andsupply arrangements (including execution ofsupply