Procter & Gamble recommends stockholders reject mini-tender offer by Potemkin

The Procter & Gamble Company has been notified of an unsolicited “mini-tender” offer by Potemkin to purchase up to 50,000 shares of the Company’s common stock at a price of $100.00 per share. The $100.00 per share offer price represents an approximately 31 percent discount to the closing price of $145.52 on December, the last trading day prior to the date of the offer. P&G shareholders who tender their shares in this offer will receive a below-market price. P&G recommends shareholders do not tender their shares in response to this unsolicited mini-tender offer because the offer is at a price below the current market price of P&G’s shares and is subject to numerous conditions. P&G shareholders who have already tendered their shares may withdraw their shares no more than 14 days after the date of delivery of the shareholder’s acceptance form to the depositary for this offer, in accordance with Potemkin’s offer documentation. The offer is currently scheduled to expire at 5:00 p.m., New York City time, on October 13, 2026. Potemkin may extend the offering period at its discretion.