Articles of Association of Unilever N.V.

Section X
47.3 Every booking before the tenth day of May one thousand nine hundred and ninety-nine
in the share register of ordinary shares of one Dutch guilder (NLG 1) will be deemed
to be a registration of such number of ordinary shares with a nominal value of sixteen
eurocent (EUR 0.16) as results from applying the calculation described in Article 46,
paragraph 1. Scrips are not registered in the share register, unless the Board of Directors
has determined that a Scrip, whether or not temporarily, shall be in registered form or
that the provisions of Article 46, paragraph 8 are applicable.
47.4 Reference is made to the following transitional provision which forms part of the
Articles of Association as from the thirteenth day of October nineteen hundred and
ninety-seven:
“In order to exercise rights attached to ordinary shares of four Dutch guilders each
outstanding on the thirteenth day of October one thousand nine hundred and
ninety-seven and in respect of which type A certificates have been issued, after the
first day of March one thousand nine hundred and ninety-eight, the holders of such
shares will have to have exchanged the type A share certificates into type B share
certificates in respect of ordinary shares of one Dutch guilder (NLG 1).”
Article 48
As a consequence of an alteration of the Articles of Association of the twenty-second day
of May two thousand and six each ordinary share with a nominal value of forty-eight eurocent
(EUR 0.48) is split into three ordinary shares with a nominal value of sixteen eurocent
(EUR 0.16) each.
Dematerialisation and split
Article 49
49.1 In connection with an alteration of the Articles of Association of the twenty-second
day of May two thousand and six all shares, that is both the ordinary shares and the
preference shares, shall be in registered form, notwithstanding the provisions of Article
46, paragraph 3. Shareholders, holders of a right of usufruct and holders of a right of
pledge can no longer exercise the rights attached to their shares (or have their rights
exercised), as long as they (a) have not been entered into the share register or (b)
have not delivered their shares for incorporation in a collective depot to an affiliated
institution, all of this subject to the provisions of Article 46, paragraph 3.
49.2 An entry in the share register and a delivery as meant in the preceding paragraph
hereof can only take place against delivery of the relevant share certificates to the
Company. After expiry of the financial year two thousand and six the Company may
charge the cost for the registration in the share register as meant in this Article.
42 Unilever N.V. Articles of Association 2009