Re: Unilever Portugal

Unilever PLC
15 December 2004


             
                Unilever Portugal restructures Foods businesses


Unilever today announced that it will be restructuring its Portuguese foods
business with its current joint venture partner, Jeronimo Martins Group.

Until now, Unilever Portugal has held a 40% stake in the FimaVG foods business,
a joint venture with Jeronimo Martins Group, in addition to its wholly owned
Bestfoods business acquired in 2000.

The deal sees the two foods businesses - FimaVG and Unilever Bestfoods Portugal
- unified and the joint venture stakes re-balanced so that Unilever will
subsequently hold 49% of the combined foods business and Jeronimo Martins Group
51%. Unilever receives approximately €80m as a result of the deal.

The deal is subject to regulatory approval.

                                     -o0o-

December 15 2004




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