THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Gillette Company (The) (Retired) (G.X)

3/30/2005 Proxy Information

During the past fiscal year, Gillette paid $2,717,741 to NetJets, Inc., a subsidiary of Berkshire Hathaway Inc., for the cost of Gillette’s use of an aircraft. Berkshire Hathaway Inc. is a five-percent beneficial owner. Mr. Buffett has been Chairman and Chief Executive Officer of Berkshire Hathaway Inc. for more than 34 years.

The Company has engaged Marsh & McLennan Companies (“MMC”) to provide insurance brokerage services and Mercer, a subsidiary of MMC, to provide compensation and benefit plan services at a cost of $1,041,473 and $1,256,000, respectively. Mr. Groves is Senior Advisor of Marsh Inc., a subsidiary of MMC.

4/12/2004 Proxy Information

Alfred M. Zeien served as Chairman and Chief Executive Officer of The Gillette Company from February 1991 to April 1999. He joined Gillette in 1968 and held various positions with Gillette, including President and Chief Operating Officer.

During the past fiscal year, Gillette paid $1,708,133 to NetJets, Inc., a subsidiary of Berkshire Hathaway Inc., for the cost of Gillette's use of an aircraft.

During 2003, Mr. Jacobi received director fees totaling $11,170 for his services as a director of Braun GmbH, a Gillette subsidiary. Mr. Jacobi has resigned from the Board of Braun GmbH, effective May 2004.

4/4/2003 Proxy Information

Gillette entered into an agreement with Berkshire Hathaway Inc. on July 20, 1989. Under the agreement, Berkshire Hathaway purchased $600 million of Gillette's convertible preferred stock, which was converted to common stock in 1991. At the time of the agreement, management consulted with independent advisors concerning the terms of the agreement and determined that the terms were fair to Gillette. In light of Warren Buffett's decision to step down from the Board after the Annual Meeting of Shareholders in May 2003, Gillette and Berkshire Hathaway amended the agreement as follows:

- The time period for Gillette to exercise its right of first offer in the event Berkshire Hathaway wishes to sell its Gillette stock in a market transaction, other than in response to a tender or exchange offer, has been reduced from 10 business days to three business days.

- If Gillette does not exercise its right of first offer, Berkshire Hathaway can sell the offered stock at any price during the ensuing 90 days, provided that Berkshire Hathaway is not aware that the ultimate beneficial owner of the stock being sold is a person or group which, as a result of the sale (other than in a tender or exchange offer), will own more than 3% of Gillette stock.

- There is an overall limit on sales by Berkshire Hathaway of no more than 3% of Gillette's outstanding stock in any 90-day period, except in a tender or exchange offer.

- Berkshire Hathaway does not have a right to appoint a director.

During the past fiscal year, Gillette paid $1,411,106 to Executive Jet, Inc., a subsidiary of Berkshire Hathaway, for the cost of Gillette's use of an aircraft.

During 2002, Mr. Jacobi received director fees totaling $4,768 for his services as a director of Braun GmbH, a Gillette subsidiary.