2021 Delivery and Strategic Choices

Unilever Portfolio change Acquisitions €16bn capital invested in 29 acquisitions since 2017 Disposals €11bn proceeds from 12 disposals since 2017 Prestige 17% Other BPC 33% 7% Functional Nutrition 43% 93% Tea 33% Other 2% 98% Spreads 65% High teens ROIC maintained throughout period of significant portfolio rotation Portfolio rotation ('17-'21 % of TO) 17% 13% U Peers avg Unilever 26

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