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Unilever Pakistan Limited’s delisting of the shares of Unilever Pakistan Limited and purchase by the majority shareholder Unilever Overseas Holdings Limited, United Kingdom of all outstanding shares of Unilever Pakistan Limited held by the other shareholders under listing regulations 30-A of the Karachi, Lahore and Islamabad Stock Exchanges

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by November 28, 2012 Miscellaneous

Karachi, November 28, 2012 (PPI-OT): The majority shareholder of Unilever Pakistan Limited (ULEVER) (“the Company”), Unilever Overseas Holdings Limited, United Kingdom, who presently holds 75.07% of the total issued share capital of the Company, has conveyed its’ intention to acquire all of the issued ordinary shares held by the other shareholders of the Company at a proposed purchase price of Rs. 9.700/- per ordinary share and to seek the de-listing of the shares of the Company from the Karachi, Lahore and Islamabad Stock Exchanges in accordance with the Voluntary De-Listing provisions of their respective Listing Regulations and to seek the revocation of the CDS Eligibility of the shares of the Company.

A copy of the intimation received from Unilever Overseas Holdings Limited is attached.

This letter is being sent to the Karachi, Lahore and Islamabad Stock Exchanges and copied to the Securities and Exchange Commission of Pakistan under Regulation 30-A (i), and Clause (xx) of the Code of Corporate Governance set out in Regulation 35, of their respective Listing Regulations.

Buy-Back by Unilever Overseas Holdings Limited and Consequent De-Listing, of Shares of Unilever Pakistan Limited

Unilever Overseas Holdings Limited (a wholly owned subsidiary of Unilever PLC), which currently holds 75.07% of the total issued shares of Unilever Pakistan, has decided to acquire all the remaining outstanding ordinary shares in Unilever Pakistan Limited, and to seek the de listing of the shares of Unilever Pakistan from the Stock Exchanges in Pakistan and the revocation of the CDS Eligibility of the shares of Unilever Pakistan. This decision is in line with Unilever PLC’s strategy for Unilever Pakistan, which is to maximise Unilever’s shareholding to as close to 100% and to de-list Unilever Pakistan.

In this connection Unilever Overseas offers to purchase from the other shareholders of Unilever Pakistan their entire shareholding in Unilever Pakistan at the purchase price of Rs. 9.700 per share, based on Regulation 30-A (i) of the Listing Regulations of the Stock Exchanges.

This offer is, of course, subject to acceptance by the Karachi, Lahore and Islamabad Stock Exchanges and will be processed in accordance with the procedures prescribed by them in their respective Listing Regulations.

For the proposed purchase of shares of Unilever Pakistan, Unilever Overseas Holdings will in due course be appointing a Purchase Agent, who will oversee and manage the buy-back process.

It would therefore be appreciated if Unilever Pakistan would inform the Karachi, Lahore and Islamabad Stock Exchanges and the Securities and Exchange Commission of Pakistan of our intention to acquire the shares of the other shareholders in Unilever Pakistan at the purchase price mentioned above, and to seek the de-listing of the shares of Unilever Pakistan from the Stock Exchanges and the revocation of the CDS Eligibility of the shares of Unilever Pakistan.

For more information, contact:
Richard Hazell
Director
Unilever Pakistan Limited
Avari Plaza, Fatima Jinnah Road,
Karachi-75530
T: +92-21-35660062
F: +92-21-35681705
F: +92-21-35674968

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