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Articles of Association of Unilever N.V.

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Section III<br />

Community <strong>of</strong> property <strong>of</strong> shares or depositary<br />

receipts for shares<br />

Article 8<br />

8.1 If shares or depositary receipts for shares form part <strong>of</strong> a community <strong>of</strong> property other<br />

than a community <strong>of</strong> property resulting from the application <strong>of</strong> the Act on securities<br />

transactions by giro, the Company is entitled to admit one person only, designated in<br />

writing by the joint participants in that other community <strong>of</strong> property, to exercise the<br />

rights attached to such shares or depositary receipts, except where otherwise provided<br />

by law or these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong>. The joint participants in that other community<br />

<strong>of</strong> property may also designate more than one person. If that other community <strong>of</strong><br />

property comprises shares, the joint participants in that other community <strong>of</strong> property<br />

may determine at the time <strong>of</strong> the designation <strong>of</strong> the representative or thereafter – but<br />

only unanimously – that, if a joint participant in that other community <strong>of</strong> property so<br />

wishes, a number <strong>of</strong> votes corresponding to his interest in that other community <strong>of</strong><br />

property will be cast in accordance with his instructions.<br />

The Company shall record these instructions in the share register referred to in Article<br />

11 here<strong>of</strong>.<br />

8.2 If in respect <strong>of</strong> a share the shareholder rights vest in more than one person, then in<br />

these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong>, notwithstanding the provisions <strong>of</strong> the first paragraph,<br />

“shareholder” shall mean the joint holders <strong>of</strong> that share.<br />

Furthermore, when mentioning is made <strong>of</strong> a request or any other action by a<br />

shareholder, these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong> shall refer to the corresponding action <strong>of</strong><br />

a person, who is authorised to perform that action on behalf <strong>of</strong> the shareholder or<br />

pursuant to his own right to perform that action, except where otherwise provided by<br />

law or these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong>.<br />

What has been provided above, shall correspondingly apply to depositary receipts for<br />

shares issued with the co-operation <strong>of</strong> the Company.<br />

<strong>Unilever</strong> N.V. <strong>Articles</strong> <strong>of</strong> <strong>Association</strong> 2009 11

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