Procter & Gamble Investor Presentation — September 2018

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September 6, 2018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 areidentified bythewords “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will

be,”“willcontinue,” “willlikely result,” andsimilar expressions .Forward -looking statements arebased oncurrent expectations andassumptions, which aresubject torisks and

uncertainties 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, and togenerate sufficient income and cash flow toallow theCompany toaffect theexpected share repurchases and dividend

payments ;(3)theability tomanage disruptions incredit markets orchanges toourcredit rating ;(4)theability tomaintain keymanufacturing and supply arrangements