Q4 Pre-Close Presentation

Unilever PLC
18 December 2002

Release: Immediate

                      UNILEVER TELECONFERENCE PRESENTATION

The following is the presentation text for the Unilever pre-close
teleconference, given by Howard Green, head of investor relations, at 1400 hrs
GMT today (December 18, 2002).

The purpose of this teleconference is to update the market on the progress of
our business and is a precursor to our 'close' period, ahead of the full year
and fourth quarter results announcement on February 13, 2003.

I would remind you that this update is based on the first two months of trading
in the quarter. Comments on EPS and operating margin are made on a before
exceptional items and goodwill amortisation basis.

Let me start by saying that we continue to be comfortable with the achievement
of our targets for the full year of EPS growth in the 'high-teens' and growth of
our leading brands being within the 4.5 to 5% range.

The EPS growth is driven by expansion of operating margin which will be around
15% for the year, an advance of over 100 bps compared to 2001, and lower
interest reflecting the benefits of strong cash flow and the proceeds of
disposals.

In terms of the top line we expect growth of the leading brands to be some 6% in
the quarter putting us comfortably in the 4.5 to 5% growth range for the year.

Underlying sales growth is expected to be in the range of 5 to 5.5% for the
quarter giving 3.5 to 4% for the full year.

The net of acquisitions and disposals will be to reduce sales in the fourth
quarter by the equivalent of some €700 million, giving reported sales at around
last year's level. The operating profit dilution from the net of acquisitions
and disposals is expected to be the equivalent of €90 million for the fourth
quarter.

Turning now to the other elements of the full year's profit and loss account.

Associated costs are expected to be around €220 million.

Goodwill amortisation is estimated to be €1380 million for the full year.

Net interest is estimated at €1280 million for the full year.

Restructuring exceptional items, pre-tax, are expected to be between €1.1 and
1.2 billion for the full year.

Including the effect of the Q3 release of prior year tax provisions we expect
the underlying tax rate for the year to be around 32%.

The number of shares for calculating the full year EPS is 978 million NV
equivalent share units or 6.52 billion if you take the PLC equivalent share
units.

Let me summarise.

We continue to be on track to deliver our full year targets and we have good
momentum which is broad based across our business. We see good growth in our
leading brands with our savings programmes providing the fuel for increased
levels of advertising and promotion and also for expansion of operating margin.
We are finishing the year strongly.

                                     -o0o-

December 18, 2002

SAFE HARBOUR STATEMENT: This presentation may contain forward-looking statements
(within the meaning of the U.S. Private Securities Litigation Reform Act 1995)
based on our best current information and what we believe to be reasonable
assumptions about anticipated developments. Words such as 'expects',
'anticipates', 'intends' and other similar expressions are intended to identify
such forward looking-statements. Because of the risks and uncertainties that
always exist in any operating environment or business we cannot give any
assurance that the expectations reflected in these statements will prove
correct. Actual results and developments may differ materially depending upon,
among other factors, currency values, competitive pricing, consumption levels,
costs, environmental risks, physical risks, risks related to the integration of
acquisitions, legislative, fiscal and regulatory developments and political and
social conditions in the economies and environments where Unilever operates.
Further details of these potential risks and uncertainties are given in the
Unilever Annual Report and Accounts and Form 20-F. You are cautioned not to
place undue reliance on these forward-looking statements.


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