Offer for Ben & Jerry's

Unilever PLC Unilever NV 12 April 2000 BEN & JERRY'S BOARD APPROVES UNILEVER OFFER Unilever today confirmed that the Board of Directors of Ben and Jerry's Homemade, Inc has approved Unilever's offer of $43.60 per share for all of the 8.4 million outstanding shares of the company on a fully diluted basis, valuing the transaction at $326 million. In calendar year 1999 Ben & Jerry's had sales of $237 million some 90 per cent of which were in North America. Operating income was $13.5 million. The transaction will be structured as a tender offer for all the shares of Ben & Jerry's Homemade Inc, which is expected to commence next week. The transaction is subject to the usual regulatory approvals. Commented Unilever chairman, Niall FitzGerald: 'We are delighted to welcome Ben & Jerry's into the Unilever family. It takes us into the super premium category for the first time. Ben & Jerry's is an incredibly strong brand name with a unique consumer message. We are determined to nurture its commitment to community values.' Ben & Jerry's produces a wide variety of super premium ice cream, ice cream novelties, low fat ice cream, low fat yogurt and sorbet, using Vermont dairy products and high quality, all natural ingredients. Ben & Jerry's is committed to using milk and cream that have not been treated with the synthetic hormone, rBGH. Ben & Jerry's products are distributed throughout the US and in selected foreign countries in supermarkets, grocery stores, convenience stores, franchise Ben & Jerry's scoop shops, restaurants and other venues.

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