UNV Unilever Nv

RNS No 1473k
UNILEVER PLC
UNILEVER NV
27th March 1998


                     NEW FINANCING METHOD
             FOR UNILEVER'S PROGRESS PENSION FUND

The Unilever pension fund in the Netherlands, Progress,
announced today that it intends to restructure the financing
of the fund so as to achieve a better balance between the
fund's obligations on the one hand and its invested capital on
the other. As a result of the current surplus that exists
within the fund, money can be paid back to Unilever over a
period of several years.

These repayments, whose level has provisionally been fixed at
an amount of Fl. 350 million per year, have no direct
influence on Unilever's profit and loss account. On the basis
of the applicable accounting principles, a pension fund
surplus (or deficit), whether repaid or not, is spread out
over a period of ten years. This is based on the average
remaining service lives of current Unilever employees in the
Netherlands. The difference between the amount credited (or
charged) to the profit and loss account and the actual cash
repayments (or payments) is  included in a temporary balance
sheet item.

END

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