Obligation Unilever Ventures 5.9% ( US904764AH00 ) en USD

Unilever Ventures

107.853 % ▼

Etas-Unis

US904764AH00 ( en USD )

5.9% par an ( paiement semestriel )

15/11/2032

Prospectus brochure de l'obligation Unilever Capital US904764AH00 en USD 5.9%, échéance 15/11/2032

1 000 USD

1 000 000 000 USD

904764AH0

A+ ( Qualité moyenne supérieure )

A1 ( Qualité moyenne supérieure )

15/11/2025 ( Dans 7 jours )

Unilever Ventures, anciennement Unilever Capital, est le fonds d'investissement de capital-risque d'Unilever, investissant dans des start-ups innovantes liées à la nutrition, au bien-être personnel et à la maison.

L'Obligation émise par Unilever Ventures ( Etas-Unis ) , en USD, avec le code ISIN US904764AH00, paye un coupon de 5.9% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/11/2032

L'Obligation émise par Unilever Ventures ( Etas-Unis ) , en USD, avec le code ISIN US904764AH00, a été notée A1 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

L'Obligation émise par Unilever Ventures ( Etas-Unis ) , en USD, avec le code ISIN US904764AH00, a été notée A+ ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

LISTING SUPPLEMENT TO
P R O S P E C T U S S U P P L E M E N T
(To Prospectus dated October 2, 2000)
$1,000,000,000
Unilever Capital Corporation
5.90% Senior Notes due 2032
Payment of Principal, Premium, if any, and Interest Guaranteed Jointly and Severally by
Unilever N.V., Unilever PLC
and Unilever United States, Inc.
Unilever Capital Corporation will pay interest on the Notes on May 15 and November 15 of each
year, commencing May 15, 2003. The Notes will be issued only in denominations of $1,000 and integral
multiples of $1,000.
Unilever Capital Corporation may redeem the Notes in whole or in part at any time at the
redemption price described in this prospectus supplement plus accrued interest. See ``Description of the
Notes.''
Application has been made to list the Notes on the Luxembourg Stock Exchange in accordance
with its rules.
Neither the Securities and Exchange Commission nor any other regulatory body has approved or
disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement
or the accompanying prospectus. Any representation to the contrary is a criminal offense.
Per Note
Total
Public Offering Price
98.959%
$989,590,000
Underwriting Discount(1)
0.875%
$
8,750,000
Proceeds to Unilever Capital Corporation
98.084%
$980,840,000
(1) See ``Underwriting.''
The initial public offering price set forth above does not include accrued interest, if any. Interest
on the Notes will accrue from November 12, 2002 and must be paid by the purchaser if the Notes are
delivered after November 12, 2002.
The underwriters expect to deliver the Notes in book-entry form only through the facilities of The
Depository Trust Company on November 12, 2002.
Joint Lead Underwriters and Joint Bookrunners
JPMorgan
Salomon Smith Barney
ABN AMRO Incorporated
BNP PARIBAS
Deutsche Bank Securities
Goldman, Sachs & Co.
HSBC
Mizuho International plc
Morgan Stanley
UBS Warburg
Prospectus Supplement dated November 4, 2002.

You should rely only on the information contained in or incorporated by reference in this
prospectus supplement and the accompanying prospectus. We have not authorized anyone to provide
you with different information. We are not making an offer of these securities in any state where the
offer is not permitted. You should not assume that the information contained or incorporated by
reference into this prospectus supplement or the accompanying prospectus is accurate as of any date
other than the date on the front of this prospectus supplement.
TABLE OF CONTENTS
Prospectus Supplement
About this Prospectus Supplement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
Where You Can Find More Information About Us . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-4
Exchange Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-5
Forward-Looking and Cautionary Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-6
Unilever Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-7
· Unilever N.V. and Unilever PLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-7
· Unilever Capital Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-11
· Unilever United States, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-12
Use of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-13
Capitalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-14
Selected Historical Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-17
Description of the Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-20
Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-25
Underwriting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-30
Legal Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-33
General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-33
Prospectus
Enforcement of Civil Liabilities Against Foreign Persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Where You Can Find More Information About Us. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Forward-Looking and Cautionary Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Unilever Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Unilever Capital Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Unilever United States, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Ratios of Earnings to Fixed Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Use of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
Description of Debt Securities and Guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
Description of Unilever N.V. Share Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36
Unity of Unilever N.V. and Unilever PLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41
Plan of Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
44
Legal Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
46
Experts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
46
S-2

We are not, and the underwriters are not, making an offer to sell these securities in any
jurisdiction where the offer or sale is not permitted. Our business, financial condition, results of
operations and prospects may have changed since the date on the front cover of this prospectus
supplement.
The distribution of this prospectus supplement and prospectus and the offering of the Notes in
certain jurisdictions may be restricted by law. This prospectus supplement and prospectus do not
constitute an offer, or an invitation on our behalf or on behalf of the underwriters or any of them to
subscribe to or purchase, any of the Notes, and may not be used for or in connection with an offer or
solicitation by anyone, in any jurisdiction in which such an offer or solicitation is not authorized or to
any person to whom it is unlawful to make such an offer or solicitation. See ``Underwriting.''
The prospectus supplement and the prospectus include particulars given in compliance with the
rules governing the listing of securities on the Luxembourg Stock Exchange for the purpose of giving
information with regard to us. Unilever Capital Corporation as issuer and each of Unilever N.V.,
Unilever PLC and Unilever United States, Inc. (Unilever U.S.) as guarantors accept full responsibility
for the accuracy of the information contained in this prospectus supplement, the prospectus and the
documents incorporated by reference herein and confirm, having made all reasonable inquiries, that to
the best of our knowledge and belief there are no other facts the omission of which would make any
statement herein and in the documents incorporated by reference misleading in any material respect.
We cannot guarantee that listing will be obtained on the Luxembourg Stock Exchange. Inquiries
regarding our listing status on the Luxembourg Stock Exchange should be directed to our Luxembourg
listing agent, Deutsche Bank Luxembourg S.A., Boulevard F.D. Roosevelt 14, L-2450, Luxembourg.
Unilever N.V. and Unilever PLC and their group companies are together referred to in this
prospectus as ``Unilever,'' the ``Unilever Group,'' ``we,'' ``us'' or the ``Group.'' For such purposes ``group
companies'' means, in relation to Unilever N.V. and Unilever PLC, those companies required to be
consolidated in accordance with The Netherlands and United Kingdom legislative requirements relating
to consolidated accounts. Unilever N.V. and Unilever PLC and their group companies together
constitute a single group for the purpose of meeting those requirements.
In this prospectus references to ``$,'' ``US$,'' ``US dollars'' and ``United States dollars'' are to the
lawful currency of the United States of America, references to ``£,'' ``p'' and ``pounds sterling'' are to
the lawful currency of the United Kingdom, references to ``Fl.,'' ``NLG'' and ``guilders,'' are to the
national currency unit (as defined in Council Regulation (EC) No. 974/98 on the introduction of the
euro) of The Netherlands and references to ``A'' and ``euro'' are to the lawful currency of the member
states of the European Monetary Union that have adopted or that adopt the single currency in
accordance with the Treaty establishing the European Community, as amended by the Treaty on
European Union.
ABOUT THIS PROSPECTUS SUPPLEMENT
This prospectus supplement is part of a registration statement filed with the Securities and
Exchange Commission utilizing a ``shelf'' registration process. There is on file with the SEC (and
attached hereto) a prospectus dated October 2, 2000 that provides you with a general description of the
offered guaranteed debt securities. This prospectus supplement contains specific information about the
terms of this offering. This prospectus supplement adds, updates and changes information contained in
the prospectus. You should read the prospectus and this prospectus supplement, together with
additional information described below under the heading ``Where You Can Find More Information
About Us.''
S-3

WHERE YOU CAN FIND MORE INFORMATION ABOUT US
Unilever N.V. and Unilever PLC file reports and other information with the SEC, including copies
of their Articles of Association. You may read and copy any document we file at the SEC's public
reference rooms at 450 Fifth Street, N.W. Washington, D.C. 20549. Please call the SEC at
1-800-SEC-0330 for further information on the public reference rooms.
The SEC also maintains a web site that contains reports and other information about issuers, like
us, who file electronically with the SEC. The address of that site is www.sec.gov.
The SEC allows us to ``incorporate by reference'' into this prospectus supplement the information
filed with it, which means that we can disclose important information to you by referring you to those
documents.
The information incorporated by reference is an important part of this prospectus supplement, and
information that we file with the SEC after the date of this prospectus supplement will automatically
update and supersede this information. There are incorporated by reference the following documents
and any future filings with the SEC under Section 13(a), 13(c), 14, or 15(d) of the Securities Exchange
Act of 1934, including any Form 6-K that we furnish to the SEC which so provides, until we have sold
all of the Notes (Unilever N.V.'s and Unilever PLC's file numbers with the SEC are No. 1-4547 and
No. 1-4546, respectively):
(a) Unilever N.V.'s Annual Report on Form 20-F for the year ended December 31, 2001;
(b) Unilever PLC's Annual Report on Form 20-F for the year ended December 31, 2001;
(c) Unilever N.V.'s Reports on Form 6-K furnished to the Securities and Exchange Commission
on August 26, 2002, October 1, 2002 (Amendment No. 1) and October 31, 2002; and
(d) Unilever PLC's Reports on Form 6-K furnished to the Securities and Exchange Commission
on August 26, 2002, October 1, 2002 (Amendment No. 1) and October 31, 2002.
The Notes will be governed by the indenture dated as of August 1, 2000 between Unilever Capital
Corporation, Unilever N.V., Unilever PLC, Unilever U.S. and The Bank of New York, as trustee, which
has been filed as an exhibit to the registration statement (File No. 333-12592) of which this prospectus
supplement forms a part and is incorporated by reference in this prospectus supplement.
You may request a paper copy of these filings at no cost, by writing, faxing or telephoning:
Vice President--Treasury & Control
Unilever United States, Inc.
700 Sylvan Avenue
Englewood Cliffs, NJ 07632
Tel: (201) 894-2109
Fax: (201) 894-2138
Copies of all documents which are incorporated by reference may also be obtained, free of charge,
at the office of our Luxembourg Listing, Transfer and Paying Agent, Deutsche Bank Luxembourg S.A.
Unilever Capital Corporation does not publicly distribute annual or interim financial statements.
S-4

EXCHANGE RATES
Before January 1, 1999, the guilder was a part of the European Monetary System exchange rate
mechanism known as the Exchange Rate Mechanism. Within the Exchange Rate Mechanism, exchange
rates fluctuated within permitted margins, fixed by central bank intervention. The European Monetary
Union superseded the European Monetary System on January 1, 1999 and the euro was introduced as
the single European currency. Since this date, the euro has been the lawful currency of the European
Monetary Union states. The following 12 member states participate in the European Monetary Union
and have adopted the euro as their national currency: Austria, Belgium, Finland, France, Germany,
Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal and Spain. The legal rate of conversion
between the guilder and the euro was announced on December 31, 1998 at Fl. 2.20371 = A1.00.
The following table sets forth, for the periods and dates indicated, certain information concerning
the Noon Buying Rate in New York City for cable transfers as certified for customs purposes by the
Federal Reserve Bank of New York (i) for pounds sterling (expressed in US$ per £1.00), (ii) for
guilders (expressed in guilders per US$1.00) and (iii) for euro (expressed in euro per US$1.00).
Six months
ended
Nine months
Year ended December 31,
June 29,
ended September 30,
1997
1998
1999
2000
2001
2002
2002
US$ per £1.00
Rate at period end . . . . . . . . . . . . . . . . . .
1.64
1.66
1.62
1.50
1.46
1.53
1.57
Average rate(1) . . . . . . . . . . . . . . . . . . . . .
1.64
1.66
1.62
1.52
1.44
1.45
1.49
High . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.70
1.72
1.68
1.65
1.50
1.53
1.58
Low . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.58
1.61
1.55
1.40
1.37
1.41
1.41
Fl. per US$1.00
Rate at period end . . . . . . . . . . . . . . . . . .
2.03
1.88
2.19
--
--
--
--
Average rate(1) . . . . . . . . . . . . . . . . . . . . .
1.95
1.97
2.07
--
--
--
--
High . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.12
2.09
2.20
--
--
--
--
Low . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.73
1.81
1.87
--
--
--
--
Euro per US$1.00
Rate at period end . . . . . . . . . . . . . . . . . .
--
--
0.99
1.06
1.12
1.01
1.01
Average rate(1) . . . . . . . . . . . . . . . . . . . . .
--
--
0.94
1.08
1.12
1.12
1.08
High . . . . . . . . . . . . . . . . . . . . . . . . . . . .
--
--
1.00
1.21
1.19
1.16
1.16
Low . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
--
--
0.85
0.97
1.04
1.01
0.98
(1) The average rate means the average of the Noon Buying Rates on the last day of each month during
the year.
S-5

FORWARD-LOOKING AND CAUTIONARY STATEMENTS
This prospectus may contain forward-looking statements based on our best current information
and reasonable assumptions about anticipated developments. Statements including such words as
``believes,'' ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' ``estimates,'' and other similar expressions are
intended to identify such forward-looking statements. Because of the risks and uncertainties that always
exist in any operating environment or business, we cannot make assurances that these expectations will
prove correct. Actual results and developments may differ materially depending upon currency values,
competitive pricing, consumption levels, costs and political and social conditions in the economies and
environments where Unilever operates.
Additional risks and uncertainties that could cause actual results to vary from those described in
our forward-looking statements include:
(1) Unilever operates in more than 88 countries, and in each country, the business is subject to varying
degrees of risk and uncertainty related to local regulation and taxation, political and social climate
and other factors.
(2) Because of Unilever's broad operational reach, it is subject to risks due to changes in the relative
value of international currencies that could affect earnings.
(3) Unilever's products are manufactured from a number of raw materials. While materials are
expected to be in adequate supply, any shortages or disruptions in supply would have a material
adverse effect on gross margins.
(4) Unilever's ability to continue to achieve lower costs and increases in reliability and capacity
utilization.
(5) Unilever may not be able to improve revenue and profitability in light of high levels of competitive
activity and the economic volatility in emerging markets.
(6) Unilever's ability to maintain key customer relationships.
(7) Unilever's continuation of substantial growth in significant developing markets such as China and
the rest of Southeast Asia, Mexico, Brazil and the rest of Latin America and the countries of
Central and Eastern Europe.
(8) Unilever's ability to successfully manage regulatory, tax and legal matters.
(9) Unilever's ability to continue technological innovation.
(10) Unilever's ability to integrate acquired businesses and to realize expected strategic benefits.
(11) Changes in the seasonal patterns for Unilever's products, whether from the weather or other
factors.
(12) Changes in interest rates or rates of inflation.
(13) Unilever's ability to launch products on schedule.
(14) Production difficulties, including those arising from any regulatory issues, industrial disputes,
disruptions or disturbances in facilities of Unilever or its key suppliers.
(15) The risk factors described on pages 32 and 33 and elsewhere in the Unilever Annual Report on
Form 20-F for the year ended December 31, 2001.
S-6

UNILEVER GROUP
Unilever N.V. and Unilever PLC
History and Structure of Unilever
Unilever N.V. and Unilever PLC are the two parent companies of the Unilever Group of
companies. Unilever N.V. was incorporated under the name Naamlooze Vennootschap Margarine Unie
in The Netherlands in 1927. Unilever PLC was incorporated under the name Lever Brothers Limited in
Great Britain in 1894.
Since 1930, when the Unilever Group was formed, Unilever N.V. and Unilever PLC together with
their group companies have operated, as nearly as is practicable, as a single entity. They have the same
directors, adopt the same accounting principles, and are linked by a series of agreements. The
Equalisation Agreement, which regulates the mutual rights of the two sets of shareholders, is
particularly important. It makes the position of the shareholders of both companies, as far as possible,
the same as if they held shares in a single company. To make this possible we compare the ordinary
share capital of the two companies in units: a unit made up of A5.445 nominal of Unilever N.V.'s
ordinary capital carries the same weight as a unit made up of £1 nominal of Unilever PLC's ordinary
capital. For every unit (A5.445) you have of Unilever N.V., you have the same dividends, rights and
benefits as the owner of a unit (£1) of Unilever PLC.
Unilever N.V. and Unilever PLC are separate companies, with separate stock exchange listings and
different shareholders. You cannot convert or exchange the shares of one for shares of the other and
the relative share prices on the various markets can, and do, fluctuate. This happens for a number of
reasons, including changes in exchange rates. However, over time the prices of Unilever N.V. and
Unilever PLC shares do stay in close relation to each other, in particular because of our equalization
arrangements.
Unilever N.V. and Unilever PLC are holding and service companies. Our businesses are carried
out by our group companies around the world. The holding companies have agreed to co-operate in all
areas, to exchange all relevant business information and to ensure all group companies act accordingly.
The shares in the group companies are held ultimately by Unilever N.V. and/or Unilever PLC.
Internal Holdings
The ordinary shares of A453.78 each numbered 1 to 2,400 (inclusive) in Unilever N.V. and the
deferred stock of Unilever PLC (consisting of 100,000 shares of £1 each) are held as to one half of
each class by N.V. Elma, a subsidiary of Unilever N.V., and one half by United Holdings Limited, a
subsidiary of Unilever PLC. This capital is eliminated in consolidation. It carries the right to nominate
persons for election as Directors at General Meetings of shareholders.
The Directors of N.V. Elma are Unilever N.V. and Unilever PLC. The Directors of United
Holdings Limited are Unilever N.V. and Unilever PLC and the Chairmen of Unilever N.V. and
Unilever PLC.
Business of the Unilever Group
Unilever is one of the world's leading suppliers of fast-moving consumer goods in foods, household
care and personal product categories.
Business Structure
Since January 2001 our operations have been organized into two global divisions--Foods and
Home & Personal Care (HPC)--headed by Division Directors. This structure allows improved focus on
S-7

foods and home and personal care activities at both the regional and global levels. It allows for faster
decision making and strengthens our capacity for innovation by more effectively integrating research
into the divisional structure.
These global divisions' operations are organized into businesses on a regional basis, with the
exception of Prestige within HPC and the global businesses of Ice Cream and Frozen Foods and Food
Solutions within the Foods Division. They are headed by Business Presidents who are responsible for
the profitability of their regional and global businesses. These businesses remain the driving force
behind Unilever, comprising as they do the operating companies that provide the key interface with
customers and consumers, allowing quick response to the needs of local markets.
Foods
Savoury and Dressings.
As a result of our acquisition of Bestfoods in October 2000 we are the
global leader in the Savoury and Dressings category. Knorr is now Unilever's biggest brand, with well
over A2.3 billion of sales during 2001, in over 100 countries. Its product range covers soups, bouillons,
sauces, snacks, noodles and complete meals.
Hellmann's is our third biggest foods brand and has market leadership in mayonnaise in Brazil, the
United Kingdom, the United States and many other countries.
We have significant pasta sauce businesses in Mexico, North America and the United Kingdom
under the Rag´
u brand. We also sell bouillons and other cooking aids in Europe, North America,
Australasia, Egypt and sub-Saharan Africa. In the United Kingdom, Colman's is a significant brand in
meal sauces and condiments, and Amora and Maille in France are important brands covering
condiments, mayonnaise and vinegar-based products which also have sales in a number of European
countries. Salad dressings, spices and seasonings are marketed in the United States under the Wishbone
and Lawry's brands.
In May 2001, following the approval of the European Commission, we completed the sale of our
dry soup and sauces business in Europe to the Campbell Soup Company for a debt-free price of
A1 billion. These included the Bl°a Band brand in Denmark, Finland and Sweden, the Batchelors brand
in the United Kingdom, the McDonnels brand in Ireland, the Oxo brand in Belgium, Ireland and the
United Kingdom, the Royco brand in Belgium, France and Portugal and Bestfoods' Lesieur range of
mayonnaise products in France. The businesses were divested as a result of undertakings given to the
European Commission in connection with the acquisition of Bestfoods in October 2000.
Spreads and Cooking Products.
We are the category leader in margarine and related spreads in
most countries in Europe and North America. We sell spreads, oils and cooking fats in more than 100
countries.
Important brands in these markets are Becel (The Netherlands), Flora (UK), Fruit d'Or (France),
Rama (Germany) and Country Crock and Take Control (United States). We are the category leader in
branded olive oil in many countries in Western Europe and North America, our most important
international brand being Bertolli.
In July 2001 we sold the Bestfoods Baking Company to George Weston Ltd for a debt free price
of A1.9 billion.
On January 8, 2002 Unilever sold the Unimills refinery business to Golden Hope Plantations
Berhad of Malaysia for a consideration of approximately A60 million in cash.
On July 2, 2002 Unilever announced the completion of its sale of 19 food brands sold across North
America to ACH Food Companies, Inc. of Memphis, Tennessee, a subsidiary of Associated British
Foods plc for approximately US$360 million cash. The major brands sold included Mazola cooking oil,
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Argo and Kingsford's corn starches, Karo and Golden Griddle syrups, and Henri's salad dressing, and a
number of related Canadian brands.
On August 30, 2002 Unilever announced a definitive agreement to sell its international specialty
oils and fats business, Loders Croklaan Group, which had sales in 2001 of A267 million, to IOI
Corporation Berhad of Malaysia for A217 million in cash.
Health & Wellness and Beverages.
Consumers are increasingly demanding healthy food products,
and our brands are meeting such needs in both industrialized and developing markets.
In May 2000, we acquired the U.S.-based Slim·Fast business. This company supplies a range of
products, which we market as a nutritionally responsible way to achieve and maintain a healthy weight.
It delivers excellent growth in North America, and we have successfully extended the brand beyond its
United States heartland with new varieties, launches in Australia and The Netherlands and relaunches
in Canada and the United Kingdom.
In India we meet the very different consumer need for nutritionally-enhanced staples at an
affordable price through our Annapurna brand, which recently was successfully rolled out in Africa,
from Ghana to C^
ote d'Ivoire. We also sell AdeS soydrinks in Latin America.
We are the largest seller of packet tea in the world, with important positions in packet tea and
tea-related drinks in many regions through our Lipton and Brooke Bond brands. Lipton is the world's
leading brand in tea and iced tea. Sales of ready-to-drink teas are growing throughout Europe, North
America and East Asia. We have a joint venture with PepsiCo Inc. that markets ready-to-drink
products in North America and Mexico.
Ice Cream and Frozen Foods.
We are the world's leading producer of ice cream with sales in more
than 90 countries worldwide. Important household names are Algida, Langnese, Ola and Wall's in
Europe and Ben & Jerry's, Good Humor and Breyers in the United States. Ice cream products such as
Carte d'Or, Cornetto, Magnum, Solero and Viennetta are brands sold internationally as part of local or
international household brands.
We are the leading producer of frozen foods in Europe, under the Findus brand in Italy, Birds Eye
brand in the United Kingdom and Iglo brand in most other European countries. In October 2001 we
completed the sale of our North American seafood business, which comprised the Gorton's business in
the United States and the BlueWater business in Canada, to Nippon Suisan (USA), Inc. for
US$175 million (A198 million) in cash.
Home & Personal Care
Home Care.
We are one of the global leaders in the domestic home care market. Our products
have been developed to meet the diverse requirements of consumers to clean and care for their homes
and clothes. In laundry they include tablets for convenience, traditional powders and liquids for
soaking, washing by hand and by machine. In developing and emerging markets, soap bars are available
for lower income consumers. In household care our products are designed to tackle most cleaning and
hygiene needs around the home.
Our home care brands are available in over 100 countries, many of them holding leading market
positions. Our home care brands include, internationally, Omo, Surf, Skip, all, Comfort, Wisk, Cif,
Domestos and, in the United Kingdom, Persil.
On May 3, 2002 we completed the sale of DiverseyLever, our institutional and industrial cleaning
business, to Johnson Wax Professional. The transaction was valued at A1.725 billion. Unilever received
A1.128 billion in cash, with the balance made up of a loan note and a one-third equity stake in the
combined business, in line with the terms of an agreement announced on November 20, 2001. Under
the terms of this agreement, Johnson Wax Professional has management control of the combined
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business which will be called JohnsonDiversey. The agreement provides for Unilever's exit from the
combined business after five years.
Personal Care.
We are the world leader in skin cleansing, deodorants and anti-perspirants. In skin
cleansing our most international brands include Lux, Dove and Lifebuoy. Rexona, Impulse and Degree
are the key brands in deodorants and anti-perspirants while Axe/Lynx is the leading international brand
in the male personal care range.
We have important market shares in toothpastes, skin care and hair products in many countries.
Toothpastes are sold widely under the Signal, Close-up and Mentadent brands. In skin care, products are
sold internationally under the Pond's and Fair and Lovely brands. Hair shampoos are available
internationally under the Sunsilk, Seda, Organics, Timotei and Dove brands. We hold leading positions
in North America where the key brands are Suave, ThermaSilk, Salon Selectives and Finesse.
Our Prestige fragrances business is one of the world's largest. We sell a number of fragrances
under the Calvin Klein name, including Obsession, Eternity and Escape. In addition, in recent years
cK one and cK be have been introduced to appeal to the youth market. The designer fragrance brands
Cerruti, Lagerfeld, Chlo´
e and Valentino, together with Nautica, Vera Wang and BCBG fragrance,
complete our extensive portfolio.
In December 2001 we sold Unipath Ltd, our women's health diagnostics subsidiary, to Inverness
Medical Innovations Inc. of Waltham, Massachusetts for £103 million (A166 million) in cash.
Other Operations
To support our consumer brands, we own palm oil plantations in the Democratic Republic of
Congo, C^
ote d'Ivoire, Ghana and Malaysia and tea plantations in India, Kenya and Tanzania.
Corporate Venture Funding
As announced on September 30, 2002, Unilever is to invest A170 million in building business
opportunities close to its core business interests in Foods and Home & Personal Care.
Directors
The following are the Directors of Unilever N.V. and Unilever PLC, all of whom are employed full
time:
Name
Function
A. Burgmans* . . . . . . . . . . . . .
Chairman of Unilever N.V. and Vice-Chairman of Unilever PLC
N.W.A. FitzGerald* . . . . . . . . .
Chairman of Unilever PLC and Vice-Chairman of Unilever N.V.
A.C. Butler* . . . . . . . . . . . . . . .
Corporate Development Director
P.J. Cescau* . . . . . . . . . . . . . . .
Foods Director
K.B. Dadiseth* . . . . . . . . . . . . .
Home & Personal Care Director
A.R. van Heemstra* . . . . . . . . .
Personnel Director
R.H.P. Markham* . . . . . . . . . . .
Financial Director
C.B. Strauss . . . . . . . . . . . . . . .
President, Home & Personal Care North America and Global
Prestige Business
*
Member of Executive Committee
A. Burgmans, P.J. Cescau and A.R. van Heemstra have business addresses at Unilever House,
Weena 455, 3013 AL Rotterdam, and C.B. Strauss has a business address at 33 Benedict Place,
Greenwich, Connecticut 06830. N.W.A. FitzGerald, A.C. Butler, K.B. Dadiseth and R.H.P. Markham
have business addresses at Unilever House, Blackfriars, London EC4P 4BQ.
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