Meeting everyday needs of people everywhere - Unilever

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Analysis of shareholding Significant shareholders of NV As far as we are aware the only holders of more than 10% of any class of NV shares (apart from Nedamtrust, see Control of Unilever, pages 120 and 121) are Nationale Nederlanden N.V. and Aegon Levensverzekering N.V. Details of their holdings on 28 April 2000 are as follows: Nationale Nederlanden N.V. 2.17% of ordinary shares (Fl. 13 901 990) 71.26% of 7% Cumulative Preference Shares (Fl. 20 665 500) 74.56% of 6% Cumulative Preference Shares (Fl. 120 088 400) 67.23% of 4% Cumulative Preference Shares (Fl. 50 423 000) 9.94% 10 cents Cumulative Preference Shares (Fl. 2 101 336) Aegon Levensverzekering N.V. 0.02% ordinary shares (Fl. 115 220) 17.23% of 7% Cumulative Preference Shares (Fl. 4 995 300) 18.34% of 6% Cumulative Preference Shares (Fl. 2 954 000) 20.95% of 4% Cumulative Preference Shares (Fl. 15 710 600) Significant shareholders of PLC The following table gives details of everyone who held more than 3% of PLC’s shares or deferred stock on 28 April 2000. We take this information from the register we hold under section 211 of the UK Companies Act 1985. 00000000000000001111 Number of shares Approximate Title of Class Name of Holder held % held 005111 0000005111 0005111 001111 Deferred Stock Naamlooze Vennootschap Elma £50 000 50 United Holdings Limited £50 000 50 Ordinary shares Prudential Corporation plc 91 776 330 3 Trustees of the Leverhulme Trust and the Leverhulme Trade Charities Trust 156 815 034 5 00000000000000001111 Information about exchange controls affecting security holders Unilever NV Under the Dutch External Financial Relations Act of 28 May 1980 the Government, the Minister of Finance and the Central Bank of Netherlands are all authorised to i s s u e regulations relating to financial transactions involving Dutch residents, if a non-Dutch resident is also involved, or if the transactions are conducted in a foreign currency. If regulations are issued in the future, we could be in need of a licence for this type of transaction. To date no regulations of this type have been issued. Unilever PLC None.
Nature of the trading market The main non-US market for NV ordinary shares is the Amsterdam Stock Exchange, where NV shares trade in the form of Nedamtrust Certificates. Almost all these shares are in bearer form. In the United States, NV shares are issued in registered form and transferred by Morgan Guaranty Trust Company of New York, NV’s transfer agent in the United States, and they are traded on The New York Stock Exchange. At 28 April 2000 there were 7 478 registered holders of NV ordinary shares in the United States. We estimate that approximately 30% of NV’s ordinary shareholdings were in the US (34% in 1998), based on the distribution of the 1999 final dividend payments. The London Stock Exchange is the main non-US trading market for PLC ordinary shares, which are all registered. American Depositary Receipts, which each represent four PLC ordinary shares, trade on The New York Stock Exchange in the form of depositary receipts. The receipts are issued and exchanged in New York by the Morgan Guaranty Trust Company of New York, as Depositary under a deposit agreement with PLC and receipt holders. On 28 April 2000 there were 581 registered holders of depositary receipts in the United States. Most holders of PLC ordinary shares are registered in the United Kingdom – 99% in both 1999 and 1998. The high and low trading prices of these securities in each quarter of the last two years are shown below. NV and PLC are both public companies, with separate stock exchange listings and different shareholders. You cannot convert or exchange the shares of one for shares of the other. There is no fixed relationship between the trading prices of their shares – the relative share prices on the various markets can, and do, fluctuate from day to day and hour to hour. This happens for various reasons, including changes in exchange rates. But over time the prices of PLC and NV shares do stay in close relation to each other, in particular because of our equalisation arrangements. (See Control of Unilever – Equalisation Agreement). If you are a shareholder of NV you have a direct interest in a Dutch legal entity. Your dividends will be paid in euros (converted into US dollars if you have shares registered in the United States) and will be subject to Dutch tax. If you are a shareholder of PLC your interest is in a United Kingdom legal entity, your dividends will be paid in sterling (converted into US dollars if you have American Depositary Receipts) and you will be subject to United Kingdom tax. Nevertheless the Equalisation Agreement means that as a shareholder of either company you effectively have an interest in the whole of Unilever. You have largely equal rights over our combined net profit and capital reserves as shown in the consolidated accounts. (See Taxation for US Residents on page 124 and Control of Unilever on page 118). 00000000000000001111 1999 1st 2nd 3rd 4th 0 0 0 0 0 0 5 1 1 1 1 101111 05111 05111 05111 05111 NV per Fl. 1.12 ordinary share in Amsterdam in € High 74 69 73 64 Low 62 62 64 49 NV per Fl. 1.12 ordinary share in New York in $ High 88 72 74 68 Low 66 65 67 50 PLC per 1.4p ordinary share in London in pence High 695 603 649 580 Low 546 537 572 401 PLC per American Share in New York in $ High 47 39 41 38 Low 36 35 37 27 01111 05111 05111 05111 05111 1998 1st 2nd 3rd 4th 01111 05111 05111 05111 05111 NV per Fl. 1 ordinary share in Amsterdam in Fl. High 143 168 169 161 Low 118 140 107 111 NV per Fl. 1 ordinary share in New York in $ High 69 83 84 86 Low 56 70 59 60 PLC per 1.25p ordinary share in London in pence High 584 707 694 677 Low 480 583 460 476 PLC per American Share in New York in $ High 40 46 46 46 Low 32 40 32 33 00000000000000001111
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Unilever N.V. 1999 Annual Report on
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Financial highlights • Excellent
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Meeting everyday needs of people everywhere - Unilever

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