Disposal

Unilever PLC Unilever NV 4 May 2001 UNILEVER COMPLETES EUROPEAN SOUPS AND SAUCES SALE TO CAMPBELL Following the approval of the European Commission, Unilever today completed the sale of several of its dry soups and sauces businesses in Europe to Campbell Soup Company for a debt free price of euro1 billion. The agreement to sell these businesses, as a result of undertakings given to the European Commission in connection with the Unilever's acquisition of Bestfoods last year, was announced on January 29. Included in the transaction were three instant dry soups brands -- 'Batchelors' in the UK, 'Royco' in France and Belgium and 'Heisse Tasse' in Germany; together with the 'McDonnells' brand in Ireland, 'Oxo' in the UK and Ireland, the 'Bla Band' brand in Nordic and additional brands in Netherlands, Belgium and Portugal. Also included was the 'Lesieur' range of mayonnaise products in France. Annual sales of the businesses total approximately euro435 million. The combined businesses have manufacturing sites in the United Kingdom (2), the Netherlands, Ireland, France and Sweden and have approximately 1,300 employees in total. Net tangible assets are approximately euro100 million.

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Unilever (ULVR)
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