Acquisition Negotiations for Bestfoods Stock

Unilever PLC
Unilever NV
3 May 2000

 
                            UNILEVER AND BESTFOODS                            
                                - STATEMENT -                                 
 

Unilever confirms that it made a non-public proposal to Bestfoods seeking to
enter into negotiations to acquire all the outstanding stock of Bestfoods for
US$ 66 per share in cash, subject to certain conditions. Unilever believes
that its proposal represents an exciting opportunity for both companies,
their respective shareholders and consumers.

Unilever is disappointed with Bestfoods' response and their unwillingness to
discuss with Unilever any aspect of its proposal. Unilever believes that
Bestfoods should reconsider its proposal and remains available for
constructive dialogue.