Annual General Meeting announcement

Unilever today announces that it will be bringing to its Annual General Meetings to be held on Monday 8 and Tuesday 9 May 2006 resolutions on, amongst others, the following:

1. Re-election of Executive Directors

  • Patrick Cescau
  • Kees van der Graaf
  • Ralph Kugler 
  • Rudy Markham  

2. Re-election of Non-Executive Directors

  • Antony Burgmans
  • Leon Brittan 
  • Lynda Chalker 
  • Wim Dik
  • David Simon 
  • Jeroen van der Veer  

3. Election of new Non-Executives

  • Charles Golden - Executive Vice President and Chief Financial Officer of Eli Lilly and Company
  • Byron Grote - Chief Financial Officer of BP p.l.c.
  • Jean-Cyril Spinetta - Chairman/Chief Executive Officer of Air France-KLM S.A.
  • Kornelis (Kees) Storm  - former Chairman of the Executive Board of AEGON N.V.  

The following directors will retire at the conclusion of the AGM:

  • Bertrand Collomb
  • Oscar Fanjul 
  • Hilmar Kopper  

4. To give authority to the Directors allowing them greater flexibility to allocate assets between both parent companies and to amend the Deed of Mutual Covenants.

5. In order to improve transparency and establish a one-to-one equivalence in their economic interests in the Unilever Group, it is proposed that:

  • the N.V. ordinary shares be split 3 to 1.   As a consequence, the New York registered shares will also be split 3 to 1.
  • the PLC ordinary shares to be consolidated 9 to 20.   As a result of the consolidation, the PLC ADRs, which currently comprise four Unilever PLC shares of 1.4 pence each, will be changed to comprise one Unilever PLC share of 3 1/9 pence.  

6. To remove the binding nomination procedure, whilst ensuring unity of management, so as to allow shareholders the right to put forward candidates for appointment as Directors at the meeting.

Further details on the above resolutions and the other resolutions to be proposed at the AGMs will be included in the Notices of the Annual General Meetings due to be published on 29 March 2006.

Unilever also announced today that it has decided to delist the Unilever N.V. (depositary receipts for) ordinary shares from the stock exchanges in Frankfurt and Zurich. The main reason for this decision is the low trading volumes in the Unilever N.V. (depositary receipts for) ordinary shares at both stock exchanges. Further announcements on the implementation of the delisting procedures will follow in due course.

Unilever N.V. (depositary receipts for) ordinary shares will remain listed on Euronext Amsterdam and on the New York Stock Exchange.

Unilever PLC ordinary shares are listed on the London Stock Exchange and on the New York Stock Exchange.

Unilever PLC

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+44 (0) 20 7822 5252