2016 AGM Personal Notes, page-81

Hi Jonty,

Thanks for the query.

I think the confusion here may be "Workplans", versus "Wave's".

Workplans are not necessarily Products, and or technologies being developed, as was realised around Workplan 6 which was clinical testing off the top of my head.

Wave's, on ther other hand are Waves of SK-II products/applicators/OBJ tech integration being developed (and these are possibly being bled across to Olay). The Waves will continue to increase, as SK-II has now further increased the Lighthouse project to incoporate development out to 2024, three years past the current MLA/PDA which is until 2021.

Pipeline of 8 years for SK-II/OBJ integration alone is impressive, IMHO.

Recap:

a) There are currently Wave I through Wave VI [SK-II]

b) There are currently ~11 P&G/OBJ Workplans, including In-Shave benfit.

Trust this helps.

Kiwi.