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Unilever PLC (ULVR)

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Thursday 02 November, 2006

Unilever PLC

Unilever Announcement

Unilever PLC
02 November 2006











            UNILEVER REACTION TO STATEMENTS BY VEB AND COMMONWEALTH



Rotterdam, 2 November - Unilever has taken note of statements made today by
Dutch shareholders association VEB and CommonWealth Investments about a possible
settlement with regard to the 2005 conversion of preference shares, issued by

Unilever N.V. in 1999.



As announced today, Unilever has taken a provision in its third quarter 2006
results, for possible compensation payments. We can confirm that discussions
have taken place with various parties about a possible settlement.



There is, however, no agreement as Unilever's Board has as yet made no decision
on this matter. A Committee, established by the Unilever Board, has explored the
possibility of a settlement. It is expected that the Board will consider the
Committee's recommendation shortly.



At this stage we are not in a position to give any further information.







END.


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