For Investors: Financial Information

• Every operating division participated in the strong 6.5% unit volume growth.
• Worldwide sales rose 7.0%, the fastest growth rate in nine years.
• As previously reported, 2004 profits were impacted by the combined effect of increased commercial spending and increases in raw and packing material costs more than offsetting sizable savings generated by the Company’s global savings programs.
• In December 2004, the Company announced a four-year restructuring program projected to result in cumulative charges of between $550 and $650 million aftertax with annual aftertax savings projected to be in the range of $250 to $300 million by the fourth year of the program.

Growth Highlights of Five Divisions (% of sales)

North America Unit volume increased 2.5%. Colgate expanded its Number One position in the U.S. toothpaste market to a record 34.8% market share. Sales grew 1.0% and operating profit declined 3%, reflecting a strong increase in commercial spending and higher raw and packing material costs.

Latin America Unit volume grew 6.5%, excluding divestments. Sales as reported and operating profit increased 4.0% and 2%, respectively. Growth was boosted by an array of new products, including Colgate Triple Action Mild Mint toothpaste and Colgate Whitening manual toothbrush.

Europe Unit volume grew 12.5%, excluding divestments, and sales as reported increased 14.0%. The GABA acquisition added 5.5% to both sales and volume growth for the region. Operating profit increased 10% reflecting increased profitability for the division as well as favorable foreign exchange.

Asia/Africa Delivered 8.0% unit volume growth in 2004, excluding divestments. Sales as reported and operating profit grew 8.0% and 10%, respectively, reflecting improved profitability combined with strengthened local currencies. Colgate Propolis and Colgate Simply White toothpastes drove growth in Oral Care throughout the region.

Hill's Pet Nutrition World leader in specialty pet food, Hill's increased unit volume 3.5% in 2004. Sales and operating profit increased 9.0% and 5%, respectively. New products, including Prescription Diet Feline m/d in Europe, Japan and Asia, and veterinary endorsements are driving growth at Hill's.

About Colgate

Colgate-Palmolive is a $10.6 billion global company serving people in more than 200 countries and territories with consumer products that make lives healthier and more enjoyable. The Company focuses on strong global brands in its core businesses — Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate is delivering strong global growth by following a tightly defined strategy to increase market leadership positions for key products, such as toothpaste, toothbrushes, bar and liquid soaps, deodorants/antiperspirants, dishwashing detergents, household cleaners, fabric conditioners and specialty pet food.