MISSION Unilever's mission is to add Vitality to life.

We meet everyday needs for nutrition, hygiene, and personal care with brands that help people feel good, look good and get more out of life. CORPORATE PURPOSE Unilever's mission is to add Vitality to life. We meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life. Our deep roots in local cultures and markets around the world give us our strong relationship with consumers and are the foundation for our future growth. We will bring our wealth of knowledge and international expertise to the service of local consumers - a truly multi-local multinational. Our long-term success requires a total commitment to exceptional standards of performance and productivity, to working together effectively, and to a willingness to embrace new ideas and learn continuously. To succeed also requires, we believe, the highest standards of corporate behaviour towards everyone we work with, the communities we touch, and the environment on which we have an impact. This is our road to sustainable, profitable growth, creating long-term value for our shareholders, our people, and our business partners. Code of biz principles Introduction Unilever has earned a reputation for conducting its business with integrity and with respect for the interests of those our activities can affect. This reputation is an asset, just as real as our people and brands. Our first priority is to be a successful business and that means investing for growth and balancing short term and long term interests. It also means caring about our consumers, employees and shareholders, our business partners and the world in which we live. To succeed requires the highest standards of behaviour from all of us. The general principles contained in this Code set out those standards. More detailed guidance tailored to the needs of different countries and companies will build on these principles as appropriate, but will not include any standards less rigorous than those contained in this Code.

We want this Code to be more than a collection of high sounding statements. It must have practical value in our day to day business and each one of us must follow these principles in the spirit as well as the letter. Standard of Conduct We conduct our operations with honesty, integrity and openness, and with respect for the human rights and interests of our employees. We shall similarly respect the legitimate interests of those with whom we have relationships. Obeying the Law Unilever companies and our employees are required to comply with the laws and regulations of the countries in which we operate. Employees Unilever is committed to diversity in a working environment where there is mutual trust and respect and where everyone feels responsible for the performance and reputation of our company. We will recruit, employ and promote employees on the sole basis of the qualifications and abilities needed for the work to be performed. We are committed to safe and healthy working conditions for all employees. We will not use any form of forced, compulsory or child labour. We are committed to working with employees to develop and enhance each individual's skills and capabilities. We respect the dignity of the individual and the right of employees to freedom of association. We will maintain good communications with employees through company based information and consultation procedures. Consumers Unilever is committed to providing branded products and services which consistently offer value in terms of price and quality, and which are safe for their intended use. Products and services will be accurately and properly labelled, advertised and communicated. Shareholders Unilever will conduct its operations in accordance with internationally accepted principles of good corporate governance. We will provide timely, regular and reliable information on our activities, structure, financial situation and performance to all

shareholders. Business Partners Unilever is committed to establishing mutually beneficial relations with our suppliers, customers and business partners. In our business dealings we expect our business partners to adhere to business principles consistent with our own. Community Involvement Unilever strives to be a trusted corporate citizen and, as an integral part of society, to fulfill our responsibilities to the societies and communities in which we operate. Public Activities Unilever companies are encouraged to promote and defend their legitimate business interests. Unilever will co-operate with governments and other organisations, both directly and through bodies such as trade associations, in the development of proposed legislation and other regulations which may affect legitimate business interests. Unilever neither supports political parties nor contributes to the funds of groups whose activities are calculated to promote party interests. The Environment Unilever is committed to making continuous improvements in the management of our environmental impact and to the longer-term goal of developing a sustainable business. Unilever will work in partnership with others to promote environmental care, increase understanding of environmental issues and disseminate good practice. Innovation In our scientific innovation to meet consumer needs we will respect the concerns of our consumers and of society. We will work on the basis of sound science applying rigorous standards of product safety. Competition Unilever believes in vigorous yet fair competition and supports the development of appropriate competition laws. Unilever companies and employees will conduct their operations in accordance with the principles of fair competition and all applicable regulations. Business Integrity Unilever does not give or receive whether directly or indirectly bribes or other improper advantages for business or financial gain. No employee may offer give or receive any gift or payment which is, or may be construed as being, a bribe. Any demand for, or offer of,

a bribe must be rejected immediately and reported to management. Unilever accounting records and supporting documents must accurately describe and reflect the nature of the underlying transactions. No undisclosed or unrecorded account, fund or asset will be established or maintained. Conflicts of Interests All Unilever employees are expected to avoid personal activities and financial interests which could conflict with their responsibilities to the company. Unilever employees must not seek gain for themselves or others through misuse of their positions. Compliance Monitoring Reporting Compliance with these principles is an essential element in our business success. The Unilever Board is responsible for ensuring these principles are applied throughout Unilever. The Group Chief Executive is responsible for implementing these principles and is supported in this by the Corporate Code Committee comprising the General Counsel, the Joint Secretaries, the Chief Auditor, the SVP HR, the SVP Communications and the Corporate Code Officer, who presents quarterly reports to the Unilever Executive. Day to day responsibility is delegated to all senior management of the regions, categories, functions and operating companies. They are responsible for implementing these principles, if necessary through more detailed guidance tailored to local needs, and are supported in this by Regional Code Committees comprising the Regional General Counsel together with representatives from all relevant functions and categories. Assurance of compliance is given and monitored each year. Compliance with the Code is subject to review by the Board supported by the Corporate Responsibility and Reputation Committee and for financial and accounting issues the Audit Committee. Any breaches of the Code must be reported in accordance with the procedures specified by the General Counsel. The Board of Unilever will not criticise management for any loss of business resulting from adherence to these principles and other mandatory policies and instructions. The Board of Unilever expects employees to bring to their attention, or to that of senior management, any breach or suspected breach of these principles. Provision has been made for employees to be able to report in confidence and no employee will suffer as a consequence of doing so.

ENVIRONMENT POLICY Introduction Hindustan Unilever Limited (HUL) supplies high quality goods and services to meet the daily needs of consumers and industry. In doing so, the Company is committed to exhibit the highest standards of corporate behaviour towards its consumers, employees, the societies and the world in which we live. The company recognises its joint responsibility with the Government and the Public to protect environment and is committed to regulate all its activities so as to follow best practicable means for minimising adverse environmental impact arising out of its operations. The company is committed to making its products environmentally acceptable, on a scientifically established basis, while fulfilling consumers' requirements for excellent quality, performance and safety. The aim of the Policy is to do all that is reasonably practicable to prevent or minimise, encompassing all available knowledge and information, the risk of an adverse environmental impact arising from processing of the product, its use or foreseeable misuse. This Policy document reflects the continuing commitment of the Board for sound Environment Management of its operations. The Policy applies to development of a process, product and services, from research to full-scale operation. It is applicable to all company operations covering its plantations, manufacturing, sales and distribution, research & innovation centres and offices. This document defines the aims and scope of the Policy as well as responsibilities for the achievement of the objectives laid down.
The Vision

Our vision is to continue to be an environmentally responsible organisation making continuous improvements in the management of the environmental impact of our operations. We will achieve this through an Integrated Environment Management approach, which focuses on People, Technology and Facilities, supported by Management Commitment as the prime driver. The Environment Policy Hindustan Unilever Ltd. (HUL) is committed to meeting the needs of customers and consumers in an environmentally sound manner, through continuous improvement in environmental performance in all our activities. Management at all levels, jointly with employees, is responsible and will be held accountable for company's environmental performance.

Accordingly, HUL's aims are to: Ensure safety of its products and operations for the environment by using standards of environmental safety, which are scientifically sustainable and commonly acceptable. Develop, introduce and maintain environmental management systems across the company to meet the company standards as well as statutory requirements for environment. Verify compliance with these standards through regular auditing. Assess environmental impact of all its activities and set annual improvement objectives and targets and review these to ensure that these are being met at the individual unit and corporate levels. Reduce Waste, conserve Energy and explore opportunities for reuse and recycle. Involve all employees in the implementation of this Policy and provide appropriate training. Provide for dissemination of information to employees on environmental objectives and performance through suitable communication networks. Encourage suppliers and co-packers to develop and employ environmentally superior processes and ingredients and co-operate with other members of the supply chain to improve overall environmental performance. Work in partnership with external bodies and Government agencies to promote environmental care, increase understanding of environmental issues and disseminate good practice. Responsibilities Corporate The Board and the Management Committee of HUL is committed to conduct the company operations in an environmentally sound manner. The Management Committee will: Set mandatory standards and establish environmental improvement objectives and targets for HUL as a whole and for individual units, and ensure these are included in the annual operating plans. Formally review environment performance of the company once every quarter. Review environment performance when visiting units and recognise exemplary performance. Nominate: - A senior line manager responsible for environmental performance at the individual HUL site. - HUL environmental coordinator.

The Management Committee, through the nominated environmental coordinator will: Ensure implementation of HUL Policy on environment and compliance with Unilever and HUL environmental standards and the standards stipulated under relevant national / local legislation. When believed to be appropriate, apply more stringent criteria than those required by law. Assess environmental impact of HUL operations and establish strategies for sound environment management and key implementation steps. Encourage development of inherently safer and cleaner manufacturing processes to further raise the standards of environment performance. Establish appropriate management systems for environment management and ensure regular auditing to verify compliance. Establish systems for appropriate training in implementation of Environment Management Systems at work. Ensure that all employees are made aware of individual and collective responsibilities towards environment. Arrange for expert advice on all aspects of environment management. Participate, wherever possible, with appropriate industry and Government bodies advising on environmental legislation and interact with national and local authorities concerned with protection of environment. Individual Units The overall responsibility for environment management at each unit will rest with the Unit Head, who will ensure implementation of HUL Policy on environment at unit level. Concerned line managers / heads of departments are responsible for environmental performance at department levels. In order to fulfill the requirements of the Environment Policy at each site, the Unit Head will: Designate a unit environment coordinator who will be responsible for co-ordinating environmental activities at unit, collating environmental statistics and providing / arranging for expert advice. Agree with the Management Committee Member responsible for the unit, specific environmental improvement objectives and targets for the unit and ensure that these are incorporated in the annual objectives of the concerned managers and officers and are reviewed periodically.

 Ensure that the unit complies with Unilever and HUL mandatory standards and the relevant national and state regulations with respect to environment. Ensure formal environmental risk assessment to identify associated environmental aspects and take appropriate steps to control risks at acceptable levels. Ensure that all new operations are subjected to a systematic and formal analysis to assess environmental impact. Findings of such exercises should be implemented prior to commencement of the activity. Manage change in People, Technology and Facilities through a planned approach based on training, risk assessment, pre-commissioning audits and adherence to design codes. Regularly review environment performance of the unit against set objectives and targets and strive for continual improvement. Sustain a high degree of environmental awareness through regular promotional campaigns and employee participation through training, safety committees, emergency drills etc. Ensure dissemination of relevant information on environment within the unit and to outside bodies, and regularly interact with Government authorities concerned for protection of environment. Maintain appropriate emergency procedures consistent with available technologies to prevent / control environmental incidents. Provide appropriate training to all employees. Ensure periodic audits to verify compliance with environment management systems and personally carry out sample environment audits to check efficacy of the systems. Report environmental statistics to HUL Corporate Safety & Environment Group on a monthly basis. Research and Innovation Centres Since most new products and processes are developed in these Units, certain additional responsibilities devolve on them to ensure implementation of the Environment Policy of the company. In addition to the Unit Head's responsibilities outlined above, the heads of these units will: Ensure that a formal and systematic risk assessment exercise is undertaken during the process/product development stage with specific reference to environmental impact. Transfer technology to the pilot plant and main production through a properly documented process specification which will clearly define environmental impact and

risks associated with processes, products, raw material and finished product handling, transport and storage. Ensure that treatment techniques are developed for any wastes generated as a result of the new product/process and is incorporated into the process specifications. QUALITY POLICY Quality is fundamental to our Business Success Unilevers mission is to meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life. And a key requirement is building in the quality expectations of our consumers into our products. To win consumers confidence and loyalty, we need to consistently deliver branded products of excellent quality. We understand the different needs of our consumers and customers and strive to develop and deliver superior brands to ensure that theyre the preferred choice. And by applying consistently high standards, were able to do things right first time, cut waste, reduce costs and drive profitability. Our Quality Policy describes the principles that everyone in Unilever follows, wherever they are in the world, to ensure that we are recognised and trusted for our integrity, the quality of our brands and products, and the high standards we set. Principles of the Quality Policy Putting the safety of our products and our consumers first. We have stringent mandatory quality standards in place against which compliance is verified through regular audits and self assessments. These standards ensure we design, manufacture and supply products that are safe, of excellent quality, and conform to the relevant industry and regulatory standards in the countries in which we operate. Comprehensive management procedures are in place to mitigate risks and to protect our consumers and markets. Putting consumers and customers at the heart of our business We actively engage our consumers and customers, translating their needs and requirements into our products and services, thus creating consumer value wherever we position our products. This is at the very heart of our innovation process. Quality is a shared responsibility Quality and consumer safety is the responsibility of every Unilever employee and Unilever demonstrates visible and consistent leadership to meet this policy. The drive for quality, in all that we do, is a passion reflected in our brand development, manufacturing and customer service processes and is also expected of our business partners. We partner with stakeholders to provide leadership, promote transparency and share best practice. And weve forged effective working relationships with suppliers and contract manufacturers.

 Building and maintaining excellent systems to ensure the quality and safety of our products Were proactively and continuously developing our systems and processes to ensure quality and safety throughout the whole value chain, and were setting a benchmark for the business. We provide appropriate training and resources, and will ensure that we deliver our quality objectives and targets. We regularly measure and improve our performance using both internal and external measures. We actively promote our Quality Policy and have a quality assurance organisation in place to ensure consistency and visibility of quality standards, processes and performance indicators across all Unilever businesses at all levels, and to anticipate and develop future quality capability requirements. ]SEFETY AND HEALTH PLICY Introduction Hindustan Unilever Limited (HUL) supplies high quality goods and services to meet the daily needs of consumers and customers. In doing so, the Company is committed to exhibit the highest standards of corporate behavior towards its consumers, employees, the societies and the environment in which we operate. Towards this, the Company recognises its responsibility to ensure safety and protection of health of its employees, contractors and visitors in all its operating sites, which include manufacturing, sales and distribution, research laboratories and offices during work and work related travel. This Policy document defines the vision, principles, aim, required actions and scope of the policy application as well as the responsibility for execution. Our Vision Our vision is to be an injury free organisation. Our Mission We will bring safety on top of mind for all employees and will integrate it with all business processes. We will realise our Vision through an Integrated Safety Management approach, which focuses on People, Processes, Systems, Technology and Facilities, supported by demonstrated leadership and employee commitment at all levels as the prime drivers for ensuring a safe and healthy work environment.
Safety Principles HUL's Occupational Safety and Health Policy is based on and supported by the following eight Principles.

These Principles have the same status as the Company's Code of Business Principles:

All injuries and occupational illnesses are preventable All operational exposures can be safeguarded Safety evaluation of all business processes is vital Working safely is a condition of employment Training all employees to work safely is essential Management audits are a must Employee involvement is essential All deficiencies must be reported and corrected promptly

Note: In order to facilitate operationalisation of the Safety Principles, a separate document has been prepared, which covers: a) Safety Principles b) Success Criteria c) Illustrative KPI This document will form the basis for the concerned Line / Organisations in developing KPI's for their respective functions / sites. Scope of Application This section defines the scope of application of this Policy (where, when and to whom is this Policy applicable). Where does this policy apply? All own/leased sites Manufacturing, Research/Innovation, Offices, Depots, Warehouses In-house purchased services i.e. canteen, travel desk, IT implementation etc. Sites of associates with HUL holding > 24% while carrying out operations of making, handling, using, transporting, selling or disposing off of our products Who does the policy apply to? All employees at business anywhere Contractors and visitors while at our own sites When does it apply? At work (our employees, contractors and visitors) Travel between home and work of our employees Business related travel including stay out of headquarter

 All Company organised business events i.e. training programmes, conferences, business related get-togethers, annual sports etc. Implementation Responsibility HUL Management at all levels is responsible for Policy implementation. Every site shall prepare a responsibility matrix with respect to this Policy. Such SHE responsibilities shall form an integral part of overall job responsibilities of all employees. All Unilever and HUL Standards, Rules and Procedures on Occupational Safety and Health, including those that may be specific to a site are integral to this Policy and its implementation. All employees are required to ensure strict adherence.

HERITAGE PAST MILE STONES Over 100 years' link with India Chronology In the summer of 1888, visitors to the Kolkata harbour noticed crates full of Sunlight soap bars, embossed with the words "Made in England by Lever Brothers". With it, began an era of marketing branded Fast Moving Consumer Goods (FMCG). Soon after followed Lifebuoy in 1895 and other famous brands like Pears, Lux and Vim. Vanaspati was launched in 1918 and the famous Dalda brand came to the market in 1937. In 1931, Unilever set up its first Indian subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brothers India Limited (1933) and United Traders Limited (1935). These three companies merged to form HUL in November 1956; HUL offered 10% of its equity to the Indian public, being the first among the foreign subsidiaries to do so. Unilever now holds 52.10% equity in the company. The rest of the shareholding is distributed among about 360,675 individual shareholders and financial institutions. The erstwhile Brooke Bond's presence in India dates back to 1900. By 1903, the company had launched Red Label tea in the country. In 1912, Brooke Bond & Co. India Limited was formed. Brooke Bond joined the Unilever fold in 1984 through an international acquisition. The erstwhile Lipton's links with India were forged in 1898. Unilever acquired Lipton in 1972, and in 1977 Lipton Tea (India) Limited was incorporated. Pond's (India) Limited had been present in India since 1947. It joined the Unilever fold

through an international acquisition of Chesebrough Pond's USA in 1986. Since the very early years, HUL has vigorously responded to the stimulus of economic growth. The growth process has been accompanied by judicious diversification, always in line with Indian opinions and aspirations. The liberalisation of the Indian economy, started in 1991, clearly marked an inflexion in HUL's and the Group's growth curve. Removal of the regulatory framework allowed the company to explore every single product and opportunity segment, without any constraints on production capacity. Simultaneously, deregulation permitted alliances, acquisitions and mergers. In one of the most visible and talked about events of India's corporate history, the erstwhile Tata Oil Mills Company (TOMCO) merged with HUL, effective from April 1, 1993. In 1995, HUL and yet another Tata company, Lakme Limited, formed a 50:50 joint venture, Lakme Unilever Limited, to market Lakme's market-leading cosmetics and other appropriate products of both the companies. Subsequently in 1998, Lakme Limited sold its brands to HUL and divested its 50% stake in the joint venture to the company. HUL formed a 50:50 joint venture with the US-based Kimberly Clark Corporation in 1994, Kimberly-Clark Lever Ltd, which markets Huggies Diapers and Kotex Sanitary Pads. HUL has also set up a subsidiary in Nepal, Unilever Nepal Limited (UNL), and its factory represents the largest manufacturing investment in the Himalayan kingdom. The UNL factory manufactures HUL's products like Soaps, Detergents and Personal Products both for the domestic market and exports to India. The 1990s also witnessed a string of crucial mergers, acquisitions and alliances on the Foods and Beverages front. In 1992, the erstwhile Brooke Bond acquired Kothari General Foods, with significant interests in Instant Coffee. In 1993, it acquired the Kissan business from the UB Group and the Dollops Icecream business from Cadbury India. As a measure of backward integration, Tea Estates and Doom Dooma, two plantation companies of Unilever, were merged with Brooke Bond. Then in July 1993, Brooke Bond India and Lipton India merged to form Brooke Bond Lipton India Limited (BBLIL), enabling greater focus and ensuring synergy in the traditional Beverages business. 1994 witnessed BBLIL launching the Wall's range of Frozen Desserts. By the end of the year, the company entered into a strategic alliance with the Kwality Icecream Group families and in 1995 the Milkfood 100% Icecream marketing and distribution rights too were acquired. Finally, BBLIL merged with HUL, with effect from January 1, 1996. The internal restructuring culminated in the merger of Pond's (India) Limited (PIL) with HUL in 1998. The two companies had significant overlaps in Personal Products, Speciality Chemicals and Exports businesses, besides a common distribution system since 1993 for Personal Products. The two also had a common management pool and a technology base. The amalgamation was done to ensure for the Group, benefits from scale economies both

in domestic and export markets and enable it to fund investments required for aggressively building new categories. In January 2000, in a historic step, the government decided to award 74 per cent equity in Modern Foods to HUL, thereby beginning the divestment of government equity in public sector undertakings (PSU) to private sector partners. HUL's entry into Bread is a strategic extension of the company's wheat business. In 2002, HUL acquired the government's remaining stake in Modern Foods. In 2003, HUL acquired the Cooked Shrimp and Pasteurised Crabmeat business of the Amalgam Group of Companies, a leader in value added Marine Products exports.

PRESENT STATURE Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company, touching the lives of two out of three Indians with over 20 distinct categories in Home & Personal Care Products and Foods & Beverages. They endow the company with a scale of combined volumes of about 4 million tonnes and sales of nearly Rs.13718 crores. HUL is also one of the country's largest exporters; it has been recognised as a Golden Super Star Trading House by the Government of India. The mission that inspires HUL's over 15,000 employees, including over 1,300 managers, is to "add vitality to life." HUL meets everyday needs for nutrition, hygiene, and personal care with brands that help people feel good, look good and get more out of life. It is a mission HUL shares with its parent company, Unilever, which holds 52.10% of the equity. The rest of the shareholding is distributed among 360,675 individual shareholders and financial institutions. HUL's brands - like Lifebuoy, Lux, Surf Excel, Rin, Wheel, Fair & Lovely, Pond's, Sunsilk, Clinic, Pepsodent, Close-up, Lakme, Brooke Bond, Kissan, Knorr-Annapurna, Kwality Wall's are household names across the country and span many categories soaps, detergents, personal products, tea, coffee, branded staples, ice cream and culinary products. They are manufactured over 40 factories across India. The operations involve over 2,000 suppliers and associates. HUL's distribution network, comprising about 4,000 redistribution stockists, covering 6.3 million retail outlets reaching the entire urban population, and about 250 million rural consumers. HUL has traditionally been a company, which incorporates latest technology in all its operations. The Hindustan Unilever Research Centre (HURC) was set up in 1958, and now has facilities in Mumbai and Bangalore. HURC and the Global Technology Centres in India have over 200 highly qualified scientists and technologists, many with postdoctoral experience acquired in the US and Europe.

HUL believes that an organisation's worth is also in the service it renders to the community. HUL is focusing on health & hygiene education, women empowerment, and water management. It is also involved in education and rehabilitation of special or underprivileged children, care for the destitute and HIV-positive, and rural development. HUL has also responded in case of national calamities / adversities and contributes through various welfare measures, most recent being the village built by HUL in earthquake affected Gujarat, and relief & rehabilitation after the Tsunami caused devastation in South India. In 2001, the company embarked on an ambitious programme, Shakti. Through Shakti, HUL is creating micro-enterprise opportunities for rural women, thereby improving their livelihood and the standard of living in rural communities. Shakti also includes health and hygiene education through the Shakti Vani Programme, and creating access to relevant information through the iShakti community portal. The program now covers 15 states in India and has over 45,000 women entrepreneurs in its fold, reaching out to 100,000 plus villages and directly reaching to 150 million rural consumers. By the end of 2010, Shakti aims to have 100,000 Shakti entrepreneurs covering 500,000 villages, touching the lives of over 600 million people. HUL is also running a rural health programme Lifebuoy Swasthya Chetana. The programme endeavours to induce adoption of hygienic practices among rural Indians and aims to bring down the incidence of diarrhoea. It has already touched 84.6 million people in approximately 43890 villages of 8 states. The vision is to make a billion Indians feel safe and secure. If Hindustan Unilever straddles the Indian corporate world, it is because of being singleminded in identifying itself with Indian aspirations and needs in every walk of life.

MANAGEMENT STRUCTURE Hindustan Unilever Limited is India's largest Fast Moving Consumer Goods (FMCG) company. It is present in Home & Personal Care and Foods & Beverages categories. HUL and Group companies have about 15,000 employees, including 1200 managers. The fundamental principle determining the organisation structure is to infuse speed and flexibility in decision-making and implementation, with empowered managers across the companys nationwide operations.

BOARD

Board The Board of Directors as repositories of the corporate powers act as a guardian to the Company as also the protectors of shareholders interest. This Apex body comprises of a Non- Executive Chairman, four whole time Directors and five independent Non Executive Directors. The Board of the Company represents the optimum mix of professionalism, knowledge and experience. Profile of the Board of Directors

Management Committee The day-to-day management of affairs of the Company is vested with the Management Committee which is subjected to the overall superintendence and control of the Board. The Management Committee is headed by Mr. Nitin Paranjpe and has functional heads as its members representing various functions of the Company

Mr. Nitin Paranjpe Chief Executive Officer and Managing Director

Mr. D Sundaram Vice Chairman

Mr. Shreejit Mishra Executive Director Foods

Mr. Gopal Vittal Executive Director Home & Personal Care

Mr. Hemant Bakshi Executive Director Sales and Customer

Mr. Dhaval Buch Executive Director Supply Chain

Development

Mr. Ashok Gupta Executive Director Legal

Ms Leena Nair Executive Director HR.

QUARTRLY RELEASE HUL June Quarter 2008 Results

aggregate market growth Profit before Interest, Tax and Exceptional Items grows 21%; PAT grows by 13% Interim dividend of Rs 3.50 per share Net sales grow by 21%; FMCG Sales grow by 19% ahead of

April 1 - June 30, 2008

HUL Connect
Net Sales grew by 21% driven by strong 19% growth in FMCG business. (bei) grew 20.7% and PBIT margin for the quarter at 14.2% of Sales, was maintained at the same level as June quarter, 2007. Profit after Tax (PAT) from ordinary activities and Net Profit grew by 13.2% (the Net Profit for June quarter 2007 included higher exceptional income from sale of property). The Board declared an interim dividend of Rs 3.50 per share for extended 15 months accounting year ending March 31, 2009. HPC Business grew at 20% with strong growth in all categories. Laundry category continued its momentum with excellent performance across Surf, Rin and Wheel. Personal Wash growth was driven both by volume and price with Lux and Lifebuoy leading category growth. Shampoo category delivered strong volume led growth, with successful relaunch of Sunsilk and Dove continuing momentum. Skin category had robust growth across all brands and Ponds top end range was further extended during the quarter. Oral category grew well led by Close up. Foods business grew by 14% with good underlying volume growth. In Beverages, both Tea and Coffee continued strong growth performance. Kissan and Knorr sustained high growth within Processed Foods; Knorr soups and mixes performed well. Kissan 'Amaze' is being test marketed in 3 Southern states. Icecream had a good quarter driven by growth in Takehome and Impulse segment and a new range,Paddle Pop was launched. Water business is now national, with Pureit brand now extended to 364 towns across 20 states. Focused action on cost management, improved portfolio mix and judicious pricing helped mitigate the impact of steep cost inflation. Investment behind brands

and new categories continued during the quarter and grew by 30.5%. PBIT

In this issue

News and Events Product Watch Spot Light About HUL Yashmi Yadav 022 39832353 Minal Chatterjee 022 39832411 R. Rammohan 022 39832413 Contact by Telephone Prasad Pradhan 022 39832429 Contact by Email mediacentre.hul@unilever.com Edited & Published by Corporate Communications Hindustan Unilever Limited 165/166, Backbay Reclamation Mumbai 400020

Disclaimer : The content in this newsletter

is current to the respective period of publication.

Key Statistics

Figures in Rs. Lakhs

Account Item Q2 2008 Q2 2007 Net Sales Domestic FMCG HPC Domestic FMCG Foods (including Ice cream) Domestic FMCG Total Exports Profit Before Interest and Taxation and Exceptional Items Net Profit 8,00,961 5,75,625 1,24,463 7,00,088 78,884 1,04,629 93,913 6,66,572 4,79,295 1,08,642 5,87,937 68,503 86,077 88,598

News And Events

Reader's Digest Trusted Brand 2008 Awards Bombay Chamber Civic Award HUL In The Top 10 & Top 50 Lists Of India's Most Trusted Brands Five of HUL's leading brands Lux, Dove, Pears, Clinic Plus and Sunsilk -- won the Reader's Digest Trusted Brand 2008 Awards.

Lux won the Platinum Award and the other brands were given the Gold awards. Reader's Digest Trusted Brands has a well-established reputation as the premier consumer-based international measure of brand preference. Their consumer poll was carried out across Hong Kong, India, Malaysia, Philippines, Singapore, Taiwan and Thailand. Analysed by the independent research house, Nielsen Media Research, results were based solely on thousands of consumer votes gathered across the region. Four HUL brands featured in the top 10 list of the Economic Times Brand Equity's Most Trusted Brands 2008 survey. All together there were 16 HUL brands among the country's 100 most trusted brands. The Most Trusted Brands from HUL in the top 100 list (their rankings in brackets) were Pepsodent (4), Pond's (5), Lux (6) and Lifebuoy (9), Fair & Lovely (11), Closeup (14), Rin (21), Clinic Plus (23), Vim (26), Surf (33), Sunsilk (44), Wheel (45), Vaseline (69), Pears (78), Lakme (98) and Liril (100). The survey was conducted by research agency AC Nielsen ORG-MARG on behalf of the publication, involving a sample size of over 8,000 consumers distributed across socioeconomic class, age, income and geography. HUL was awarded the Bombay Chamber Civic Award 2007 in the category of Sustainable Environmental Initiatives. HUL won this award for its water conservation and harvesting project at Karchond village, Silvassa, Dadra & Nagar Haveli. Nitin Paranjpe, CEO, HUL, received the award from S.C. Jamir, Governor of Goa and Maharashtra yesterday, at a ceremony held in Mumbai on the occasion of the Annual General Meeting of the Bombay Chamber of Commerce and Industry (BCCI). A number of tribal families have benefited from the Karchond project which was started in September 2003. Though the core area of the project is water harvesting, it also includes other rural development activities. Certificate of Appreciation HUL Announces Key Appointments State Pollution Control Board Award For Tatapuram Factory Haldia Detergent Factory Bags Premier Unilever Safety Award For 2007 HUL announced key changes in the Management Committee of the company. Sanjiv Kakkar, Executive Director Sales & Customer Development will be appointed as the Chairman, Unilever Russia, Ukraine and Belarus (RUB), with effect from 1 September 2008. Hemant Bakshi currently Regional Category Vice President, Skin South Asia will take over from Sanjiv as Executive Director Sales & Customer Development. Tatapuram Detergents factory won the first prize in the Kerala State Pollution Control Award - 2008 among the large scale industries for making substantial and sustained achievement in pollution control in the year 2007. A Certificate of Merit, a Trophy and a cash prize of Rs. 50,000 was awarded which was received by Mr. Ethiraj Ramachandran, Factory Engineer from Smt. P.K.Sreemathi, State Minister for Health, Government of Kerala on the 6th of June 2008 at a function held on behalf of the World Environment Day celebrations at Kottakkatt Convention Centre, Nalanchira, Thiruvananthapuram. HUL's Haldia Detergent Factory, was awarded the Unilever

Premier Occupational Safety Award for 2007. Group Chief Executive Patrick Cescau presented the award to Harish Manwani, Chairman, Hindustan Unilever Limited at the UEx meeting. The application was judged to be the best on the basis of current safety performance, on an evaluation of the safety initiatives/approach taken, the visible engagement and leadership of management, engagement of employees and measurable benefits including outreach programmes into the community which demonstrate a broader outlook within the region. The Unilever Occupational Safety Award scheme is sponsored by the Unilever Group Chief Executive and members of the Unilever Executive. It provides Unilever, and the Regions, with the opportunity to recognise organisations who have achieved and sustained a world class level of occupational safety performance. HULs Doom Dooma factory received a Certificate of Appreciation from Govt. of Assam for Raising awareness towards and caring for environment. Factory Manager D.G. Asar received the certificate from Mr. S. Khotonair, Divisional Forest Officer, Doom Dooma. The appreciation came on back of promoting understanding towards containing global warming through Low Carbon Economy and initiating actions to achieve 25% reduction in CO2 from energy in manufacturing operations. Doom Dooma factory has a well designed modern effluent treatment plant and modern incinerator to burn waste. The factory has also taken initiatives to spread awareness towards energy efficiency, usage of alternate energy sources and forest conservation.

Product Watch

Aviance Men's Solutions Aviance launched Aviance Men's Solutions (AMS) - a multi-functional product range for men's skin care, which offers 2 in 1 benefits of cleansing and toning. AMS comes in three platforms: AgeCombatTM, ShineCombatTM, BacteriaCombatTM. Lakme Tropical Island Collection Lakme launched the Tropical Island collection, the summer2008 palette from Lakme by Wendell Rodricks. The Lakme summer range has lip colors, lip shines, eye palette, face colors and nail sheers. This make-up collection brings a burst of colors to dress up the urban Indian women. Lakme Aquashine Lipcolor Lakme launched the all-in-one lipcolor in 8 fascinating shades. The lipcolor has the rich colour of lipstick, watershine of a lip gloss, the deep moisturising of a lip balm and comes with a professional applicator better than a lip brush. ELLE 18 Flower Blast ELLE 18 launched Flower Blast range which includes fresh and fascinating shades of Dewlipz lipstick, Trendy nail paints and Eyeliner. The shades provide a unique character, a combination of youthfulness and womanhood. Lakme Sun Expert Lakme relaunched Lakme Sun Expert with sun protection product range that includes Insta Oil Absorb Technology that mops up excess oil making the sunscreen non greasy and comfortable to use everyday. Specially designed for a hot and humid weather, the range includes Lakme Ultra Matte Super Light Sunscreen with SPF 20 and SPF 30, Lakme Sun Protection Lotion and Lakme Sun Protection Crme. Clinic Plus Multi Sachet Clinic Plus launched the innovative Multi Sachet which is a family pack of four sachets of shampoo in a pack. The Multi Sachet was launched to give the consumer a value offering for the entire family. Clinic All Clear Triple Pack Clinic All Clear launched triple pack shampoo sachet based on the insight that consumers buy multiple sachets at a time. The new pack offers three

compartments that can be used independently. Vaseline Imported Range Vaseline launched the imported range of lotions and petroleum jellys - Vaseline Aloe Fresh, Vaseline Moisture Locking, Vaseline Menz Dry Skin lotion, Vaseline Healthy Hand & Nail, Vaseline Nightly Renewal, Vaseline Petroleum Baby Jelly, Vaseline PJ - Pure Jelly, Vaseline PJ - Vitamin E and Vaseline PJ Herbal. Pond's Age Miracle Is Reborn Pond's Age Miracle was relaunched with an improved formula. Ponds Institute combines its patented CLA technology with the power of other well-known anti-ageing actives like AHA, Retinol and Retinol boosters for maximum anti-ageing action. The new range consists of Daily Resurfacing Day Cream, Overnight Repair Dream, Concentrated Resurfacing Serum, Daily Regenerating Facial Foam Axe - Shock & Recover Axe launched two new limited edition variants - Shock & Recover based on the concept of 'Pairs of Opposites', which are the inherent nature of life. Axe Shock brings alive the naughty part of life and Axe Recover brings alive the nice part of it. Pond's Perfect Results Pond's launched Pond's Perfect Results Multi-Benefit Illuminating Cream SPF 15 PA++ which gives multi-defense and increases, by 15 times, the skin's natural protection against the leading cause of skin ageing. Pond's White Beauty Pond's re-launched New Pond's White Beauty range which uses powerful antioxidant Lycopene along with Pro vitamin B3, to render a pinkish white glow to the skin. Knorr Indian Soups Knorr, launched a new range of Indian soups to build taste appeal by focusing on Indian flavours that are more familiar to the Indian Palette. The Range includes Tomato Chatpata, Tomato Makhani, Corn Mast Masala, Vegetable Hara Bhara and Chicken Malai Tikka Knorr Chinese Knorr relauched Chinese Recipe mixes with the change in packaging colour to help consumers differentiate between Knorr soups and Knorr Chinese Meal Mixes. There are 5 variants under this range - Manchurian, Schezuan, Sweet and Sour, Chilli and Hakka noodles mix. Active Wheel Easy-Wash Wheel re-launched two variants - Wheel Lemon Fresh & Wheel Active as "Active Wheel Easy Wash". The brand re-launch comes with a better laminate packaging, better fragrance and excellent cleaning credentials. The new proposition for the brand targeting the lower tier consumer is "Great Clean with less effort" ie; "Mehnat Se Aazadi

Spot Light

Lifebuoy Swastya Chetna (LBSC) is HUL's rural health and hygiene initiative which was started in 2002. LBSC has been initiated in media dark villages of UP, MP, Bihar, West Bengal, Maharashtra, Orissa, Andhra Pradesh, Karnataka and Rajasthan with the objective of spreading awareness about the importance of washing hands with soap. According to a study done by the London School of Hygiene and Tropical Medicine, the simple practice of washing hands with soap and water can reduce diarrhoea by as much as 47%. However, ignorance of such basic hygiene practices leads to high mortality rates in rural India. Being India's leading personal wash health brand, Lifebuoy saw a role for itself in propagating the message of hygiene and health in villages. LBSC targets children as they are the harbingers of change in society and mothers since they are the custodians of health. The campaign has been divided into various phases and uses a number of tools such as a pictorial story in a flip chart format, a "Glo-germ demonstration" and a quiz with attractive prizes to reinforce the message. Since 2002, the project has touched 43890 villages and 12 cr people over the last five years. In 2007 alone the program contacted 13,000 villages in MP, AP, Maharashtra and Rajasthan. The Indian postal department released a special postal cover on Lifebuoy

Swatshya Chetna with a special Lifebuoy cancellation on the occasion of World Health Day (April 7) in 2006. Lifebuoy is the first and the only brand to receive this honour and recognition in India. In the same year, LBSC was recognised by the Rural Marketing Agencies Association of India as the 'Best long term rural marketing initiative'. Over the years, LBSC has won many such accolades, the latest being the Emvies award for 'Best Innovation of Event' and the 'Best Integrated & Best Effective Long Term Marketing Campaign' award by Promotion and Marketing Awards of Asia, in the year 2008. To ensure that there is continuous improvement in the program, in 2007 the Global Health & Hygiene Programme, a research wing of Unilever, developed a scientific method of tracking soap usage time and frequency of usage. The study was conducted in LBSC intervened villages of Andhra Pradesh. This study revealed a 15% increase in average consumption of soap for bathing purposes in rural households. The level of awareness of hygiene and disease causing germs had also increased significantly.

Hindustan Unlilever Limited is India's largest Fast Moving Consumer Goods company, touching the lives of two out of three Indians. HUL's mission is to "add vitality to life" through its presence in over 20 distinct categories in Home & Personal Care Products and Foods & Beverages. The company meets everyday needs for nutrition, hygiene, and personal care, with brands that help people feel good, look good and get more out of life. For more information visit www.hul.co.in

About Hindustan Unilever Limited

Lifebuoy Swastya Chetna
HUL's Initiative For Health and Hygiene Education

LBSC has touched i 43890 v llages 2 and 1 cr p ople over e ht e last five years

CG Hindustan Unilever Limited believes that for a Company to be successful, it must maintain global standards of Corporate Conduct towards all its stakeholders. The Company's foundation has therefore been rooted to stringent Corporate Governance principles. At Hindustan Unilever, we believe that the principles of fairness, transparency and accountability are the cornerstones for good governance. The HUL Code of Business Principles reflects the Company's commitment to these principles. It is the Company's endeavour to continue to achieve highest governance levels. As regards the compliance with the requirements of Clause 49 of the Listing Agreement with the Stock Exchanges, the Company is in full compliance with the norms and disclosures. BOARD OF DIRECTORS The Board of Directors of the Company represents an optimum mix of professionalism, knowledge and experience. The total strength of the Board of Directors of the Company is 10 Directors comprising a Non-Executive Chairman, four Executive Directors and five

Non-Executive Independent Directors. Profiles of the Board of Directors COMMITTEES OF THE BOARD Audit Committee The Audit Committee of the Company is entrusted with the responsibility to supervise the Companys internal control and financial reporting process. The Audit Committee also looks into controls and security of the Companys critical IT applications, Constitution of the Audit Committee Remuneration and Compensation Committee The Remuneration Committee is vested with all the necessary powers and authority to ensure appropriate disclosure on the remuneration of whole-time Directors and to deal with all the elements of remuneration package of all such Directors within the limits approved by the members of the Company. The Compensation Committee administers the stock option plan of the Company. Constitution of the Remuneration Committee Shareholder/Investor Grievances Committee The Committee specifically looks into redressing of investors complaints with respect to transfer of shares, non-receipt of shares, non-receipt of declared dividends and ensure expeditious share transfer process. The Committee also monitors and reviews the performance and service standards of the Registrar and Share Transfer Agents of the Company and provides continuous guidance to improve the service levels for investors.. Constitution of the Shareholder/Investor Grievances Committee Other Functional Committees Apart from the above statutory committees, the Board of Directors have constituted other functional committees such as committee for approving disposal of surplus assets of the Company, committee for allotment of shares under ESOP to raise the level of governance as also to meet the specific business needs. Code of Conduct for Board of Directors and Members of the Senior Management Corporate Information Registered Office Hindustan Unilever Limited,

Executive Director (Legal) and Company Secretary

Statutory Auditors

Solicitors

Registrar and Share Transfer Agents

Subsidiary Companies

165/166, Backbay Reclamation Mumbai 400 020 Tel : +91 22 39830000 Fax no. : +91 22 - 22026712 Ashok.K.Gupta, Email : hllshare.cmpt@unilever.com Tel nos. : +91-22-39832567/ 39832358 / 39832557 Lovelock & Lewes, Chartered Accountants 252, Veer Savarkar Marg Dadar, Mumbai- 400 028 Crawford Bayley & Co. State Bank Building N.G.N. Vaidya Marg Mumbai 400 023 Karvy Computershare Private Limited Unit : HINDUSTAN UNILEVER LIMITED Plot No. 17 to 24, Vittalrao Nagar, Madhapur, Hyderabad 500 081. Phone : +91- 40 23420818-823 Fax : +91- 40 23420814 Email : igkcpl@karvy.com Website : www.karvy.com Unilever India Exports Limited Bon Limited Unilever Nepal Limited Ponds Exports Limited Daverashola Estates Private Limited Jamnagar Properties Private Limited Shamnagar Estates Private Limited Brooke Bond Real Estates Private Limited Hindustan Unilever Field Services Private Limited Levers Associated Trust Limited Levindra Trust Limited Hindlever Trust Limited

HUL NETWORK Join Hindustan Unilever Network as an Entrepreneur If your dream is to become a successful entrepreneur, join Hindustan Unilever Network.

Started in 2003, Hindustan Unilever Network (HUN) is HUL's Direct Selling arm. It is a multi-category direct selling business offering a wide range of high-quality, highperformance products for its consumers and also exciting business and personal development opportunities for its consultants. It already has about 7 lakh consultants - all independent entrepreneurs, trained and guided by HUN's expert managers and trainers. HUNs mission is to a create millionaire club in India. There are many consultants who are earning at over a rate of Rs.1,00,000 per annum. Several consultants earn over Rs.50,000 per month. What is encouraging is that they all started their business with earnings of less than Rs.500 per month! HUN offers you to build a business with different categories of Home & Personal Care (HPC) and Food products. They are all essential household needs. And they are all exclusive to HUN, specifically developed for the Direct Selling channel, and not available in the retail channel. HUN has already spread to 1500 towns and cities, backed by 28 offices and over 130 service centres across the country. HUN's vision is to earn the love and respect of India by making a real difference to the lives of million Indians. What Makes HUN's Promise Unique And Competitive Reputation of Hindustan Unilever HUN requires one of the lowest investments for entry (Rs.2450 only to register as a consultant) A richly rewarding Compensation Plan (earning opportunity) providing 7 types of earning backed by a powerful business development system Widest reach amongst Direct Selling companies in India (over 130 servicing points) Widest range of top quality Home Care, Personal Care and Food products Highly affordable prices Focussed training system and tools to aid self development Explore HUN's Range Of Star Products Lever Home Detergents Lever Home - Home cleaning Aviance - Personal care & cosmetics for Men & Women Ayush Spa range, Aviance and DYI - Soaps Mentadent - Oral Care Ayush Therapy - Health Care DIY - Male Grooming

 Ayush Poshak Rasayana - Children's Nutrition Ayush Rakshak Rasayana - Adult Nutrition Why Direct Selling? Direct Selling is one of the fastest emerging sectors, is already over Rs.2300 crores as an industry. Hindustan Unilever and Hindustan Unilever Network are well-poised to ride this growth. Why HUL? No one knows India and Indian consumers better than HUL. The company has access to both global and local research, technology and development teams. HUN is fully supported by Hindustan Unilever's nation-wide manufacturing and distribution support system. Finally, at HUN you have access to Hindustan Unilever's world-famous management education and business training. For further details, please visit us at www.hun.co.in EXPORT ] HUL Exports Today, HUL is one of Indias Largest exporters of branded Fast Moving Consumer Goods. It has been recognized by the Government of India as a Golden Super Star Trading House. Over time HUL has developed into a viable & competitive sourcing base for Unilever world wide in Home and Personal Care & Foods & Beverages category of products. HUL is also a global marketing arm for select licensed Unilever brands and also works on building categories with core country advantage such as branded basmati rice. HUL Exports offers high level of service with flexibility and responsiveness thorough out the supply chain. It has a dedicated organization structure to support this endeavour and this has helped in growth of these businesses in particular. Intrinsic cost competitiveness in the end to end Supply chain with appropriate technology and competitive capital investment operations while delivering best in class quality enables HUL to position itself as a key sourcing hub for Unilever and also become a preferred partner for Global customers in categories we operate. HULs key focus in the exports business is on two broad categories. It is a sourcing base for Unilever brands in Home & Personal Care (HPC) and Food and Beverages (F&B) for supplies to other Unilever companies. It also focuses on becoming a preferred supplier to both non-Unilever and Unilever clients in three categories in which India, as a country,

has competitive advantage Branded Rice, Marine Products and Castor and its Derivatives . HUL enjoys international recognition within Unilever and outside for its quality, reliability and speed of customer service. HUL's Exports geography comprises, at present, countries in Europe, Asia, Middle East, Africa, Australia, North America etc A HPC: The categories under HPC include products in Skin care, Oral care, Pears ,Personal Wash & Lakme range. - Skin Portfolio includes Mass & Masstige Skin (Cream & lotions under Fair & Lovely and Dove brands), Shampoos and Conditioners (under Sunsilk brands), Vaseline & Talc (under Ponds brands). In the past the focus market was in Middle East and Asia, which is now slowing changing with current exports to European countries and robust plans to source different products to US in the near future. - Oral Care consists of Tooth Paste and Tooth Brush (under Pepsodent, Close-up, Mentadant and Signal brands). The exports are to Asian and European countries. - Pears Category consists of Bars, Hand Wash, Body Wash and Shower Gel. Pears is being sold globally including to North America / UK to the GCC / African countries extending up to Singapore and Australia. While the bar remains the most popular product, the brand has now extended to hand wash, shower gel, body wash and face wash. Currently Pears is celebrating its 200 year anniversary which shows the rich heritage and the strong brand equity it enjoys over generations. - Personal wash category predominantly consists of Lux, Fair & Lovely Soap, Lifebuoy Hand wash - Lakme Products are mainly exported to the countries with Indian Ethnic population or to geographies where the brand enjoys strong equity. The markets include Nepal, Bangladesh, United Kingdom & Maldives. F&B: The categories under F&B include products in Tea, Coffee & Processed Foods range. - Tea Category Includes: Tea Bags (includes Tea Bags, Flavored Tea Bags and Square Tea Bags), Instant Tea, Bulk Tea & Packet Tea. The branded packet tea, and instant tea brief on HUL's Exports portfolio

are for Unilever's ready-to-drink tea business. The branded teas are Brooke Bond, Brooke Bond Red label, Brooke Bond Taj Mahal, Lipton, Lipton Yellow Label, Lipton Green Label, Lipton Brisk and Lipton 3-in-1 premix. - Coffee Category consists of Instant coffee & special coffee Beans (under Bon and Bru brands). The focus market for Bon is CIS markets while Bru is mainly sold to Ethnic markets / Indian diaspora world-wide. Both Bon and Bru straddle the entire gamut of formats comprising of spray dried coffee, granulated, freeze dried and pre mixes. - Processed Foods categories include Fruit Spreads / Jams, Soup Powders, Salt, Wheat Flour, Tomato Ketchup and Custard Powder. The branded processed food items consists of Kissan, Knorr, Annapurna, Captain Cook, Brown & Polson brands. Marine Products:

HUL offers a comprehensive portfolio, ranging from Surimi, Crabsticks to Shrimps and several value-added products. Among its customers is Icelandic, the world's third largest seafood company. In addition, HUL has also become a part of Unilever's supply chain in seafoods for Europe too. HUL's Marine Products brands are Ocean Diamond, Ocean Excellence, Shogun, Hima, Gold Seal, Tara and Prima. Rice: The categories are Basmati Rice and Basmati Rice-based ready-to-eat rice meals. The brands are Gold Seal, Indus Valley, Rozana and Annapurna. NATION WIDE MANUFACTURING 80 factories, across India The year was 1923. Lord Leverhulme, the legendary founder of Lever Brothers, was visiting India. The nationalist sentiment in India was for locally manufactured products. Lord Leverhulme, who believed that what is good for a country is equally good for the company, responded to that aspiration because he too shared that dream. His dream ultimately was realised in 1934. In September 1934, after more than a decade of discussions in London and in India, a Lever factory was allowed to sprout on the land that had been reclaimed by the Bombay Port Trust at Sewri. From here, a month later rolled out the first cake of Sunlight soap to be manufactured in India. The same year, Lever Brothers took over the Garden Reach Factory in Kolkata. These two factories were the first in a manufacturing base, which today literally dots the length and breadth of India. From Assam to Gujarat, from Uttaranchal to Kerala. Hindustan Unilever's diverse product range is today manufactured in about 80 factories. In addition, the company outsources from 150 other units. The operations involve 2,000

suppliers and associates. Developing backward areas Several HUL factories are situated in backward areas. The company has consciously responded to the national policy of development of backward areas by setting up manufacturing units in these places, which provide several direct and indirect employment opportunities for these areas, and leads to general economic development of these regions through industrialisation. In fact, all major investments of HUL, in recent years, have been either in A-Category backward areas or No-Industry Districts. These include factories in Khamgaon and Yavatmal (Maharashtra), Chhindwara (Madhya Pradesh), Orai, Sumerpur and Khalilabad (Uttar Pradesh), Haldia (West Bengal), Silvassa (Dadra & Nagar Haveli), Pondicherry, Goa, Doom Dooma (Assam), Haridwar (Uttaranchal) and Barotiwala (Himachal Pradesh). Since 2001 itself, HUL has set up nine new factories in backward areas. Equally, HUL has an enviable track record in taking over sick enterprises, in response to requests from Government, and converting them into viable operations. The company's units at Mangalore and Rajpura all bear testimony to this achievement. In the process, HUL has saved precious jobs and developed local economies. HUL's manufacturing facilities, like the Khamgaon soap plant and the Sumerpur detergent bar unit, are recognised as among the best in the Unilever world. HUL has adopted Total Productive Maintenance (TPM) for achieving manufacturing excellence since 1994. As on date, TPM is in different stages of implementation in 28 factories. Four HUL factories have already received the TPM Consistency Award, and 14 factories have been awarded with the TPM Excellence Award.

MERGER AND ACQUISITIONS Merging company Merged with Appointed date Effective date Date of allotment Share ratio Value of fraction (Rs.)

Kothari General Foods Corporation Ltd. Brooke Bond India Ltd. 1-Jan-92 1-Jan-92 30Jun-92 21:1 7.00 Tea Estates India Ltd. Brooke Bond India Ltd. 1-Jan-93 1-Jun-93 24Aug-93 10:12 35.25 Doom Dooma India Ltd. Brooke Bond India Ltd. 1-Jan-93 1-Jun-93 24-Aug-93 10:11 35.25 Kissan Products Ltd. Brooke Bond India Ltd. 1-Apr-93 20-Jan94 22-Jan-94 1:100 Not applicable Lipton India Ltd. Brooke Bond India Ltd. [name changed to Brooke Bond Lipton India Ltd. (BBLIL)] 1-Jul-93 9-Mar-94 16-May94 10:9 48.99 The Tata Oil Mills Company Ltd. Hindustan Lever Ltd. 1-Apr-93 28-Dec94 5-Apr-95 15:2 38.86 BBLIL Hindustan Lever Ltd. 1-Jan-96 21-Mar-97 16-May-97 20:9 52.82 Pond's (India) Ltd. Hindustan Lever Ltd. 1-Jan-98 15-Oct-98 3-Mar-99 4:3 525.00 Industrial Perfumes Ltd. Hindustan Lever Ltd. 1-Jan-99 9-Feb-00 23-Feb-00 5:2 Not applicable International Bestfoods Ltd. Hindustan Lever Ltd. 1-Jun-01 26-Sep-01 20Oct-01 3:2* 73.84 Aviance Limited Hindustan Lever Ltd. 1-Jun-01 25-Sep-01 Not Applicable Not Applicable Not Applicable Tea Estates India Ltd. (Formerly known asThiashola Tea Company Limited) (TEI) Demerger from Hindustan Lever Limited 1-Apr-05 1-Dec-05 02-Dec-05 ^ Not Applicable Doom Dooma Tea Company Ltd (Formerly known as Daverashola Tea Company Limited) (DDT) Demerger from Hindustan Lever Limited 1-Apr-05 1-Dec-05 02-Dec-05 ^^ Not Applicable Lever India Exports Limited Hindustan Lever Ltd. 1-Apr05 30-Dec-05 Not Applicable Not Applicable Not Applicable Lipton India Exports Limited Hindustan Lever Limited 1-Jan-05 30-Dec-05 Not Applicable Not Applicable Not Applicable Merryweather Food Products Limited Hindustan Lever Limited 1-Jan-05 30-Dec-05 Not Applicable Not Applicable Not Applicable TOC Disinfectants Limited Hindustan Lever Limited 1-Apr-05 30-Dec-05 26-Apr-06 500:1 ** Not Applicable International Fisheries Limited Hindustan Lever Limited 1-Jan-05 30-Dec-05 26-Apr-06 1:1*** Not Applicable Vashisti Detergents Limited Hindustan Lever Limited 1-Jul-05 28-Feb-06 10-Apr-06 10:1**** 28.00 Modern Food Industries (India) Limited & Modern Food and Nutrition Industries Limited Hindustan Lever Limited 1-Oct-06 30-Mar-07 Not Applicable Not Applicable Not Applicable Shamnagar Estates Private Limited, Jamnagar Properties Private Limited and Hindustan Kwality Walls Foods Private Limited (now known as Daverashola Estates Private Limited) Demerger of certain Units from Hindustan Lever Limited 1-Nov-06 29-Mar-07 Not Applicable Not Applicable Not Applicable Notes : *Swap based on Rs. 10 share of International Bestfoods Ltd. for Re. 1 share of Hindustan Lever. ** Swap based on Rs.5/- share of TOC Disinfectants Limited (TOC) for Re.1/- share of Hindustan Lever Limited *** Swap based on Rs.100/- share of International Fisheries Limited (IFL) for Re.1/share of Hindustan Lever Limited **** Swap based on Rs.10/- share of Vashisti Detergents Limited (VDL) for Re.1/- share of Hindustan Lever Limited ^ 49,50,000 Equity Shares of Rs.10/- each and 10,00,000 Preference Shares of Rs.100/each were allotted to HLL pursuant to the demerger by TEI

^^ 4,88,000 Equity Shares of Rs.100/- each and 10,00,000 Preference Shares of Rs.100/each were allotted to HLL pursuant to the demerger by DDT LISTING he Company's shares are listed and traded at the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE).

Stock Codes Name of the Stock Exchange Bombay Stock Exchange Limited National Stock Exchange of India Limited Stock Code 500696 HINDUNILVR

The ISIN Number allotted to the Companys equity shares of face value of Re. 1/- each under the depository system (for both NSDL and CDSL) is INE030A01027.

CONTACT If you're an institutional investor, please Contact : Mr. Srini Srinivasan Vice President - Treasury, M&A & Investor Relations investor.relations-hul@unilever.com Corporate Office: Hindustan Unilever Limited Hindustan Unilever House 165/166, Backbay Reclamation, Mumbai - 400020 Maharashtra India.

Tel: +91-22-39830000 Fax: +91-22-22871970