Disposal

Unilever PLC
02 December 2002

Release: Immediate

                         UNILEVER SELLS SHAREHOLDING IN

                      MALAYSIAN PALM OIL ESTATES TO PALMCO

Unilever announced today that it has reached agreement to sell its shareholdings
in Unipamol Malaysia Sdn. Bhd and Pamol Plantations Sdn Bhd (the Pamol Group) to
Palmco of Malaysia, a subsidiary of IOI Corporation for €152m. The deal is
subject to approval by Palmco shareholders and is expected to be completed early
in 2003.

Patrick Cescau, Unilever Foods Director said, 'We are pleased that Palmco is
acquiring the Pamol Group. They are one of the leading plantation businesses in
Malaysia with the capabilities and resources to develop Pamol in the future. The
sale is part of Unilever's Path to growth strategy which focuses on core
activities within Foods and Home and Personal Care.'

The sale includes more than 20,000 hectares of oil palm estates in East and West
Malaysia.

Martin Rushworth the Managing Director of the Pamol Group added, 'Our employees
will remain with the business and we have kept them informed throughout the sale
process.'

AmMerchant Bank advised Unilever on the sale.

                                     -o0o-

December 2 2002


                      This information is provided by RNS
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