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.