Colgate-Palmolive Reaffirms Full Year 2003 Cash Flows 
 
    NEW YORK, June 26, 2003 -- Colgate-Palmolive Company (NYSE: CL) today 
reaffirmed that the Company's operating cash flow and free cash flow increased 
significantly in the already announced 1st quarter 2003.  Further, the Company 
expects both measures to increase meaningfully for the full year 2003, even 
after the 33% increase in dividends implemented during the 2nd quarter.  This 
affirmation was made in response to an ambiguous comment made by a sell-side 
analyst. 
 
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    About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer 
products company, tightly focused on Oral Care, Personal Care, Household 
Surface Care, Fabric 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, Softsoap, Irish Spring, 
Protex, Sorriso, Kolynos, Ajax, Axion, Soupline, Suavitel and Fab, as well as 
Hill's Science Diet and Hill's Prescription Diet pet foods.  For more 
information about Colgate's global business, visit the Company's web site at 
www.colgate.com. 
 
    This press release and the subject presentation (other than historical 
information) may contain forward-looking statements.  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 2002 "Cautionary Statement on  
Forward-Looking Statements" in the Company's Form 10-K for the year ended 
December 31, 2002) for information about factors that could cause such 
differences.  Copies of these filings may be obtained upon request from the 
Company's Investor Relations Department or the Company's web site on the 
internet at www.colgate.com. 
 
SOURCE  Colgate-Palmolive Company 
    -0-                             06/26/2003 
    /CONTACT:  Bina Thompson, +1-212-310-3072, or Hope Spiller,  
+1-212-310-2291, both of Colgate-Palmolive/ 
    /Web site:  http://www.colgate.com / 
    (CL) 
 

 







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