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Non-Tech : Gillette (G) - Even Buffett Justify This One -- Ignore unavailable to you. Want to Upgrade?

To: Drake who wrote (536)	4/4/1999 11:55:00 PM
From: AugustWest	Respond to of 684

Company Press Release Gillette Files Registration Statement for a Secondary Offering With the Securities and Exchange Commission BOSTON--(BUSINESS WIRE)--April 2, 1999--The Gillette Company announced today that it has filed a Registration Statement with the Securities and Exchange Commission for a sale by KKR Associates of 25,654,399 shares of its Common Stock, $1.00 par value per share (and up to an additional 3,848,160 shares which may be sold pursuant to an over-allotment option). The Company will not receive any proceeds from the offering. The lead underwriter for the proposed offering will be Merrill Lynch & Co. The Registration Statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of the securities to be sold pursuant to the Registration Statement will be made only by means of a prospectus. When available, prospectuses may be obtained from Merrill Lynch & Co., World Financial Center - North Tower, 250 Vesey Street, New York, New York, 10281. -------------------------------------------------------------------------------- Contact: The Gillette Company Vice President, Corporate Public Relations Joan M. Gallagher, (617) 421-7792 or Vice President, Corporate Investor Relations Everett R. Howe, (617) 421-7750