Gillette Expands Share Repurchase and Declares Dividend Dec 13, 2002

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The Gillette Company announced that its Board of Directors has authorized an expansion of the company's share repurchase program, which began in September 1997, from 125 million to 150 million shares. Of the 125 million shares previously authorized, 106.2 million have been repurchased to date. The Company plans to purchase the additional shares in the open market or in privately negotiated transactions over the next 2-3 years, depending on market conditions and other factors.

The Company also announced that its Board of Directors has
declared the regular quarterly dividend of U.S. $0.16 per common
share, payable on March 5, 2003, to stockholders of record on
Feb. 1, 2003.

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