RNS Number:4030M
Nestle SA
17 June 2003



                       Nestle Colgate-Palmolive Agreement


Vevey, June 17, 2003  -  Nestle S.A. and Colgate-Palmolive Company today
announced an agreement to pursue on a worldwide basis the development,
marketing, distribution and sale of a portfolio of portable oral care products.
These products are sold alongside traditional confectionery items, taste good,
clean teeth and freshen breath. The initial product of the collaboration will be
Colgate Dental Gum in its current test markets of the UK, Ireland and Canada.
Expansion of this product and other new products will depend on the success in
these initial markets.


For both companies, whose know-how and competences are complementary in this
field, portable oral care products have the potential to offer incremental sales
as consumers look for effective and convenient oral care products while on the
go and outside of home.


This agreement, which is subject to customary conditions, including any required
regulatory approvals, is expected to become effective in early 2004.




Contacts:
               Media:         Francois-Xavier Perroud     Tel.:  +41-21-924 2596
               Investors:     Roddy Child-Villiers        Tel.:  +41-21-924 3622




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