Investor Conf. Replacement

UNILEVER PLC 
21 September 1999


The issuer has made the following amendment to the Unilever PLC 'Re Investor
Conferences'  announcement released today at 09:39 under RNS No 7850d.

A percentage figure was omitted from the summary of the Chairmen's
presentation.  The text should read 'Consequently Unilever expects to improve
operating margins by 1/2 per cent per annum over the next 5 years'.  All other
details remain unchanged.  The full amended text is shown below.


                           Unilever Investor Conference
                               

This week Unilever is holding a series of three investor
conferences in London, Rotterdam and New York in which it will
present to analysts and institutional investors progress on
its strategy, the opportunities for growth, and long term
growth targets.

Presentations will be given by Niall FitzGerald and Antony
Burgmans, Chairmen of Unilever and by the Business Group
Presidents with responsibility for Foods North America,
Central Asia and Middle East and Home & Personal Care Europe.

The following points will be included in the Chairmen's
presentation:-

-    During the past four years Unilever has set out a clear
     strategy which focused the business on priority
     categories and regions, simplified the business
     portfolio, eliminated under-performing units and reduced
     manufacturing complexity.

-    As a result, only 5% of our business is currently deemed
     non-strategic.  Operating margins have risen to 11% and
     net margins are approaching 8%.  Investment in
     advertising and promotion is now 13% of turnover, net
     free cash flow has doubled and the recent Special
     Dividend has reduced the cost of capital.

-    A platform has been created on which Unilever will seek
     to grow at a faster rate than hitherto.

-    Unilever aims to build a core portfolio of some 400
     leading brands - each number one or two in their market
     or segment.  This represents a reduction from a current
     portfolio of some 1600 brands.  The process will be
     carefully managed over the medium term so as to minimise
     the revenue impact of brand disposals.

-    Within the slimmed down portfolio of 400 Unilever brands
     will be a number of powerbrands which will have worldwide
     reach.

-    Over the next 3-5 years we will re-direct resources in
     the areas of marketing, innovation and personnel behind
     this focussed portfolio which will lead to increased
     rates of growth.  Within that time frame the aim will be
     to grow the powerbrands at between 6-8% per annum, in
     some cases even faster.

-    This greater brand focus will reduce complexity, increase
     cost effectiveness and enhance productivity.
     Consequently Unilever expects to improve operating
     margins by 1/2 per cent per annum over the next 5 years.

-    Such focus will also lead to a simpler, more efficient
     supply chain and Unilever is targeting to have reduced
     costs by better buying in this area by £1 billion within
     three years.

-    Unilever's internal growth targets are to outpace the
     growth in GDP and to outperform its  competitors.  The
     key to this is well supported power brands, exploitation
     of new channels, imaginative partnerships and a continued
     priority in developing and emerging markets.

-    Unilever will continue to augment this organic growth
     through acquisitions which serve the corporate strategy,
     either by category or geography or both.  However, if the
     right targets are not found, or not available at a price
     that can create value, then further returns of value to
     Unilever shareholders will be considered.


Niall FitzGerald/Antony Burgmans Chairman of Unilever,
     commented:

'Unilever is greatly changed from the company it was 5 years
ago.  It is leaner, fitter and faster.
I am confident about our ability to deliver further margin
expansion, greater capital efficiency and
stronger top line growth. By focussing on fewer leading
powerbrands which we aim to grow at 6-8%
p.a  We will progressively drive up overall rates of growth
over the next 3-5
years.  We would expect to be able to improve operating
margins by a half per cent point per year.'


Supplementary presentations will be given by:-

Dick Goldstein, President - Foods North America:  who will
report on restructuring to date and
review emerging consumer trends in North American markets.

Jeff Fraser, President - Central Asia and Middle East:  who will cover how
enterprise, imagination
and innovation can drive profitable growth in developing and
     emerging markets.

John Sharpe, President - Home and Personal Care Europe:  who
     will speak on the focus programme
of fewer categories and brands currently underway in Europe.



On 6th August 1999 Unilever announced its results for the first half year
ended 30th June 1999.
Unilever will not be commenting on its third quarter trading
performance at the conference, the results
for the third quarter will be published on 5th November 1999.


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