Colgate Announces 2-For-1 Stock Split and 10% Dividend Increase Effective 2nd Quarter 2013

  Colgate Announces 2-For-1 Stock Split and 10% Dividend Increase Effective
  2nd Quarter 2013

Business Wire

NEW YORK -- March 7, 2013

Reflecting the Company’s positive outlook, the Board of Directors of
Colgate-Palmolive Company (NYSE:CL) today approved a two-for-one split of the
Company’s common stock to be effected through a stock dividend and increased
the ongoing quarterly cash dividend by 10%, both effective in second quarter
2013 as described below.

Ian Cook, Colgate’s Chairman, President and Chief Executive Officer, said,
“Colgate finished 2012 with excellent growth momentum worldwide, driven by
broad new product success. Today’s actions demonstrate our confidence in the
continued strong and profitable growth of Colgate’s global business.”

The record date for the two-for-one split is the close of business on April
23, 2013, with share distribution scheduled for May 15, 2013. As a result of
the split, shareholders will receive one additional share of Colgate common
stock, par value $1.00, for each share they hold as of the record date. Total
shares outstanding will increase from approximately 468 million to 936
million.

The higher quarterly dividend of $0.68 per share on a pre-split basis, up from
$0.62, is to be paid May 15, 2013 to shareholders of record as of April 23,
2013. On an annualized basis, the new rate is $2.72 per share (or $1.36 after
giving effect to the split).

About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home Care and
Pet Nutrition. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized brand names
as Colgate, Palmolive, Mennen, Speed Stick, Lady Speed Stick, Softsoap, Irish
Spring, Protex, Sorriso, Kolynos, elmex, Tom’s of Maine, Sanex, Ajax, Axion,
Soupline, and Suavitel, as well as Hill's Science Diet and Hill's Prescription
Diet. For more information about Colgate’s global business, visit the
Company’s web site at http://www.colgatepalmolive.com. To learn more about
Colgate Bright Smiles, Bright Futures® oral health education program, please
visit http://www.colgatebsbf.com. CL-D

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements relating to
expectations of continued growth. These statements are made on the basis of
our views and assumptions as of this time and we undertake no obligation to
update these statements. We caution investors that any such forward-looking
statements are not guarantees of future performance and that actual events or
results may differ materially from those statements. Investors should consult
the Company’s filings with the Securities and Exchange Commission (including
the information set forth under the caption “Risk Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2012) for
information about certain factors that could cause such differences. Copies of
these filings may be obtained upon request from the Company’s Investor
Relations Department or on the Company’s web site at
http://www.colgatepalmolive.com.

Contact:

Colgate-Palmolive
Bina Thompson, 212-310-3072
Hope Spiller, 212-310-2291