Issue of Debt

Unilever PLC
Unilever NV
29 November 2000


UNILEVER LAUNCHES ANOTHER EUROBOND ISSUE

Unilever took a further step towards refinancing the commercial paper issued
to fund the Bestfoods acquisition today by launching an innovative two
tranche (Euro and Sterling) bond issue.
 
The issue comprises a euro 500m 2 year 'Eonia' indexed note and a £ 100m 1
year and 1 day 'Sonia' indexed note. The issue will be documented under
Unilever's debt issuance programme.
 
Lead managers for the issue are BNP Paribas and HSBC. Co-lead managers are
ABN AMRO, Deutsche Bank, Goldman Sachs, IBJ, JP Morgan, SSSB and UBS Warburg.
 
These short dated instruments, the coupons of which are linked to the Euro
overnight index average ('Eonia') and the Sterling overnight index average
('Sonia') rates respectively, can be an attractive investment for money
market funds and asset managers. This Sonia indexed note is the first ever
Sonia indexed bond issue.
 
Unilever Group Treasurer Jan Haars commented: 'Following our recent and
highly successful US$ 7bn Global issue and euro 2.25bn Euro issue, we have
taken the opportunity to further diversify Unilever's funding base by
launching this issue targeted at specialised pockets of demand. We aim to
focus on and be responsive to investor needs, as illustrated by this
innovative issue. We congratulate the Lead Managers on their performance in
the execution of this transaction. Following this issue, the size of the
facility that Unilever established for the acquisition of Bestfoods will be
reduced to US$ 5bn.'