Unilever reaction to statements by VEB and CommonWealth

Unilever has taken note of statements made today by Dutch shareholders association VEB and CommonWealth Investments about a possible settlement with regard to the 2005 conversion of preference shares, issued by Unilever N.V. in 1999.

As announced today, Unilever has taken a provision in its third quarter 2006 results, for possible compensation payments. We can confirm that discussions have taken place with various parties about a possible settlement.

There is, however, no agreement as Unilever's Board has as yet made no decision on this matter. A Committee, established by the Unilever Board, has explored the possibility of a settlement. It is expected that the Board will consider the Committee’s recommendation shortly.

At this stage we are not in a position to give any further information.

Unilever NV

Weena 455
3013AL Rotterdam

http://www.unilever.nl

+31 (0) 10 217 4000
mediarelations.rotterdam@Unilever.com

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