Use the information disclosed in Procter & Gamble Company’s CAGNY [Consumer Analyst Group of New York] conference slides to answer the following questions:

1. Why does the company present “organic sales growth”?

2. On average, for the four quarters beginning October 2008 and ending September 2009, how did changes in foreign exchange rates affect P&G’s reported sales growth?

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The Procter & Gamble Company 2012 CAGNY CONFERENCE SLIDES Reg G Reconciliation of Non-GAAP measures In accordance with the SEC's Regulation G, the following provides definitions of the non-GAAP measures used in the earnings call and slides with the reconciliation to the most closely related GAAP measure. 1. Organic Sales Growth: Organic sales growth is a non-GAAP measure of sales growth excluding the impacts of acquisitions, divestitures and foreign exchange from year-over-year comparisons. We believe this provides investors with a more complete understanding of under- lying sales trends by providing sales growth on a consistent basis. "Organic sales" is also one of the measures used to evaluate senior management and is a factor in determining their at-risk compensation. The reconciliation of reported sales growth to organic sales is as follows: