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* Says has accepted 38.6 million shares of P&G common stock for 63.2 million

shares of Folgers common stock

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    --  Jon R. Moeller (44), currently vice president and treasurer, has been
        elected chief financial officer, effective January 1, 2009, reporting to
        Mr. Lafley.

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"Clayt has been a strong strategic partner to me and to P&G's business leaders over the past decade," Lafley said. "He's helped focus management attention on cash productivity. He's set high standards for corporate governance and stewardship. He played a pivotal role in making Total Shareholder Return a business evaluation and management compensation measure. He's helped P&G maintain a healthy balance sheet and strong credit rating, which are particularly important in today's economic environment. And he played a pivotal role in the acquisition and successful integration of Gillette, the largest acquisition in the history of the consumer products industry."

On Moeller's appointment, Lafley said: "Jon Moeller has been an integral part of P&G's leadership team for nearly a decade. He brings strategic leadership, tough-minded discipline, and a 20-year track record of strong business and financial results. Jon has diverse experience across virtually all P&G businesses and finance disciplines. He has worked in nearly every part of P&G's business -- from Laundry and Cleaning in China to Beauty and Health globally. He's led major merger and acquisition operations, including the large and complex Wella acquisition and the recent divestiture of Folgers. Most recently, as Treasurer, he has been leading P&G Investor Relations and has also established the capital structure, cash management and AA- credit rating that have put P&G in a strong financial position for the near and long term. Jon has worked closely with Clayt Daley for many years and they have developed a smooth transition plan. He is the right leader to succeed Clayt as P&G's CFO."

About Procter & Gamble

Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R), Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Gain(R), Pringles(R), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R), Braun(R) and Fusion(R). The P&G community includes approximately 138,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.

SOURCE Procter & Gamble

http://www.pg.com

"Managing a wider range of real estate strategies through one alliance partner enables us to increase efficiency and consistency, leverage scale and enhance service levels," said Jim Fortner, Vice President responsible for Workplace and Infrastructure Solutions at P&G. "Jones Lang LaSalle is already a strong strategic partner for us, and our expectations with this new contract are high."

"Our team is committed to providing P&G with the best possible global platform for managing its real estate portfolio and transactions to support business growth and changes," said Pete Bulgarelli, Managing Director, Global Account Executive at Jones Lang LaSalle. "With the support of P&G's team of real estate and facilities professionals, there are many ways we can create efficiency and add value to the corporate bottom line."

About Procter & Gamble

Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R), Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Gain(R), Pringles(R), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R), and Braun(R). The P&G community consists of 138,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2007 global revenues of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate with approximately $50 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.

SOURCE Jones Lang LaSalle Incorporated

http://www.joneslanglasalle.com