SOURCE: Unilever

July 11, 2005 02:01 ET

UNILEVER COMPLETES SALE OF PRESTIGE FRAGRANCE BUSINESS TO COTY

London/ Rotterdam -- (MARKET WIRE) -- July 11, 2005 --


                           UNILEVER COMPLETES SALE OF
                      PRESTIGE FRAGRANCE BUSINESS TO COTY

Unilever today announced the completion of the sale of its prestige fragrance business, Unilever Cosmetics International (UCI), to Coty Inc. Unilever has received USD800 million in cash, in line with the terms of the agreement announced on May 20, 2005, with the opportunity for further deferred payments contingent upon future sales.

The closing of the transaction in Austria will happen shortly upon receipt of all necessary regulatory approvals.

The sale of UCI is fully in line with Unilever's strategy to focus on its core categories.

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July 11 2005

SAFE HARBOUR STATEMENT: This announcement may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as 'expects', 'anticipates', 'intends' or the negative of these terms and other similar expressions of future performance or results and their negatives are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including, among others, competitive pricing and activities, consumption levels, costs, the ability to maintain and manage key customer relationships and supply chain sources, currency values, interest rates, the ability to integrate acquisitions and complete planned divestitures, physical risks, environmental risks, the ability to manage regulatory, tax and legal matters and resolve pending matters within current estimates, legislative, fiscal and regulatory developments, political, economic and social conditions in the geographic markets where the Group operates and new or changed priorities of the Boards. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including the Annual Report & Accounts on Form 20-F. These forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

About Unilever

Unilever, one of the world's largest consumer products companies, adds vitality to life by meeting the everyday needs for nutrition, hygiene and personal care. With a portfolio of great brands that make people feel good, look good and get more out of life, 150 million consumers around the world choose Unilever products everyday, including icons such as:

Knorr, Hellmann's, Lipton, Dove, Sure, Surf, Cif, Marmite, Pot Noodle.

Unilever has around 220,000 employees in approaching 100 countries and generated annual sales of EUR42 billion in 2004. For more information about Unilever and its brands, please visit www.unilever.com.


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