Intention to sell Frigedoc

Unilever PLC 09 January 2003 Release: Immediate UNILEVER PLANS SALE OF FRENCH HOME-VENDING OPERATION Unilever announced today its intention to sell to Toupargel its Frigedoc business in order to focus its French ice cream and frozen foods business behind its leading brands. The transaction is expected to amount to €80 million but requires the approval of the French competition authorities and the consultation of various company works councils. Under its brand name 'Agrigel', Frigedoc is France's leading mobile home-vending business, selling frozen products directly to consumers in their homes. It had a turnover of €242 million in 2002. Its merging with Toupargel, also a specialist in home-vending for fresh and frozen products, would make the combined business the clear leader in the home-vending sector of food products. The sale would enable Agrigel to continue its development in an organisation where home-vending of frozen products is a core part of business strategy. The proposed sale by Unilever is in line with its Path to Growth strategy designed to accelerate top-line growth and increase operating margins by focusing on a smaller number of larger brands in clearly defined categories. -o0o- January 9 2003 This information is provided by RNS The company news service from the London Stock Exchange

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