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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 11-K

     
x   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
     
    For the period from January 1, 2002 to December 31, 2002
     
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
     
    For the transition period from                    to                   
     
    Commission file number 1-4547 (Unilever N.V.)

  A.     Full title of the plan and the address of the plan, if different from that of issuer named below:

THRIFT AND SAVINGS PLAN FOR “CERTAIN” EMPLOYEES
OF LEVER BROTHERS COMPANY

UNILEVER UNITED STATES, INC.
390 PARK AVENUE
NEW YORK, NEW YORK 10022

  B.     Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

UNILEVER N.V.
WEENA 455
3013 AL, ROTTERDAM
THE NETHERLANDS

UNILEVER PLC
UNILEVER HOUSE
BLACK FRIARS
LONDON EC4 PBQ
ENGLAND

 


 

THRIFT AND SAVINGS PLAN FOR “CERTAIN” EMPLOYEES
OF LEVER BROTHERS COMPANY

Table of Contents

           
      Page
     
Independent Auditors’ Report and Financial Statements
       
 
Consent of Independent Accountants
       
 
Signature
       

 


 

THRIFT AND SAVINGS PLAN FOR “CERTAIN” EMPLOYEES
OF LEVER BROTHERS COMPANY

FINANCIAL STATEMENTS

FOR THE PERIOD FROM JANUARY 1, 2002 TO DECEMBER 31, 2002

AND JANUARY 1, 2001 TO DECEMBER 31, 2001

AND

INDEPENDENT AUDITORS’ REPORT

 


 

Thrift and Savings Plan for “Certain” Employees
of Lever Brothers Company
Index


             
        Page(s)
Report of Independent Auditors
    1  
Financial statements:
       
 
Statements of Net Assets Available for Plan Benefits
       
   
as of December 31, 2002 and 2001
    2  
 
Statements of Changes in Net Assets Available for Plan Benefits
       
   
for the Years Ended December 31, 2002 and 2001
    3  
Notes to Financial Statements
    4-11  
Supplemental Schedules(*)
       

(*)   Supplemental schedules required by 29 CFR2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have not been included as they are not required since these schedules are prepared for the Unilever United States, Inc. Master Savings Trust as a whole, of which this Plan is a component.

 


 

Report of Independent Auditors

To the Participants and Administrator of the
Thrift and Savings Plan for “Certain” Employees
of Lever Brothers Company:

In our opinion, the accompanying statements of net assets available for plan benefits and the related statements of changes in net assets available for plan benefits present fairly, in all material respects, the net assets available for plan benefits of the Thrift and Savings Plan for “Certain” Employees of Lever Brothers Company (the “Plan”) at December 31, 2002 and 2001, and the changes in net assets available for plan benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan’s management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

June 24, 2003

 


 

Thrift and Savings Plan for “Certain” Employees  
2

of Lever Brothers Company        
Statements of Net Assets Available for Plan Benefits        
As of December 31, 2002 and 2001        

                     
        2002   2001
Assets
               
Interest in the Unilever United States, Inc. Master Savings Trust, at fair value
               
 
Investments
  $ 45,775,747     $ 50,742,322  
 
Loans to participants
    2,258,522       1,722,327  
 
   
     
 
   
Total interest in Master Savings Trust
    48,034,269       52,464,649  
Receivables:
               
 
Company contributions
          12,017  
 
Participant contributions
          29,030  
 
   
     
 
   
Total assets
    48,034,269       52,505,696  
 
   
     
 
Liabilities
               
Administrative expenses payable
    2,212       6,374  
 
   
     
 
   
Total liabilities
    2,212       6,374  
 
   
     
 
   
Net assets available for plan benefits
  $ 48,032,057     $ 52,499,322  
 
   
     
 

The accompanying notes are an integral part of these financial statements.

 


 

Thrift and Savings Plan for “Certain” Employees  
3

of Lever Brothers Company        
Statements of Changes in Net Assets Available for Plan Benefits        
For the Years Ended December 31, 2002 and 2001        

                         
            2002   2001
Additions:
               
 
Additions to net assets attributed to:
               
   
Investment income:
               
     
Net depreciation in fair value of investments
  $ (3,507,104 )   $ (3,128,899 )
     
Interest
    1,888,812       2,060,647  
     
Dividends
    257,166       318,756  
   
Contributions and other additions:
               
     
Contributions from participants
    1,818,899       1,885,596  
     
Contributions from employers
    684,059       728,809  
     
Rollover contributions
    189,524       510,443  
 
   
     
 
       
Total additions
    1,331,356       2,375,352  
 
   
     
 
Deductions:
               
 
Deductions from net assets attributed to:
               
   
Benefits paid to participants
    5,784,991       8,511,601  
   
Administrative expenses
    13,630       23,108  
 
   
     
 
       
Total deductions
    5,798,621       8,534,709  
 
   
     
 
       
Net deductions
    (4,467,265 )     (6,159,357 )
Net assets available for plan benefits:
               
 
Beginning of year
    52,499,322       58,658,679  
 
   
     
 
 
End of year
  $ 48,032,057     $ 52,499,322  
 
   
     
 

The accompanying notes are an integral part of these financial statements.

 


 

Thrift and Savings Plan for “Certain” Employees  
4

of Lever Brothers Company        
Notes to Financial Statements        

1.   Description of the Plan

The Thrift and Savings Plan for “Certain” Employees of Lever Brothers Company (the “Plan”) is a defined contribution plan and is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). Assets of the Plan along with other assets from defined contribution plans sponsored by Unilever United States, Inc. (the “Company” or “UNUS”) are maintained in the Unilever United States, Inc. Master Savings Trust (the “Trust”). The following brief description of the Plan is provided for general information purposes only. Participants should refer to the Summary Plan Description for more complete information.

Eligibility
All employees of Lever Brothers Company (the “Company”), a division of Conopco, Inc., which is a subsidiary of Unilever United States, Inc. (“UNUS”), at the Hammond Plant, represented by the Oil, Chemical and Atomic Workers International Union (“OCAW”) are eligible to become participants of the Plan after the accumulation of 30 days of work or the completion of 90 days of continuous service.

Contributions
Plan participants are permitted to make voluntary contributions of 1% to 15% of their compensation to the Plan through payroll deductions on an after-tax basis, a before-tax basis or a combination of both, provided that the maximum participant contributions to the before-tax savings and after-tax accounts do not exceed 18% of compensation. After-tax contributions are deposited in an “after-tax account” and before-tax contributions, representing 401(k) contributions, are deposited in a “before-tax account”. Before-tax contributions are limited to $11,000 for 2002 and 2001. The Company will match 100% of the first 2% of eligible earnings and 50% of the next 4% of eligible earnings the participants elect to save. These contributions are deposited in a “company matching account”. All contributions are deposited in the Unilever United States, Inc. Master Savings Trust (the “Trust”) maintained by the trustee.

Participant Accounts
Each participant’s account is credited with the participant’s contribution and (a) the Company’s contribution, (b) an allocation of Plan earnings, and (c) an allocation of forfeitures of terminated participant’s nonvested accounts. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

Vesting
Participants are fully vested in their contributions to their after-tax and before-tax accounts as well as the earnings thereon. Participants are fully vested in all company-matching contributions, therefore there are no forfeitures in the Plan.

Withdrawals and Distributions
During employment, participants may withdraw all or part of their after-tax account and earnings thereon. In addition, upon termination of employment, participants are entitled to the balance of their account.

Participants may apply to the Benefits Administration Committee for a financial hardship withdrawal of up to 100% of the value of their after-tax and before-tax accounts, prior to attaining age 59-1/2, provided the withdrawal does not exceed the amount of the hardship.

 


 

Thrift and Savings Plan for “Certain” Employees  
5

of Lever Brothers Company        
Notes to Financial Statements        

Retirees of the Unilever Home and Personal Care Union Retirement Plan (a defined benefit plan formerly known as the Retirement Plan for “Hammond Plant” Employees of Lever Brothers Company may rollover their lump-sum distributions to the Plan to be invested until they attain age 70-1/2 at which time IRS regulations require minimum distributions to be made.

Investments
Participants have the option to invest in, and direct the Company matching contributions towards any of the following funds.

    The PRIMCO Interest Income Fund is primarily invested in guaranteed investment contracts (“GICS”) issued by certain insurance companies and synthetic guaranteed investment contracts wrapped by certain banks and insurance companies. The investment contracts are fully benefit responsive investment contracts and provide for a certain return for a specified period of time. The crediting interest rates at December 31, 2002 and 2001 for the contracts range from 1.35% to 7.70% and 4.19% to 8.18%, respectively.

    The Fidelity Asset Manager Fund invests primarily in stocks, bonds, and short-term cash instruments of both U.S. and foreign corporations and governments.

    The Pyramid Equity Index Fund invests primarily in stocks that comprise the S&P 500 Index.

    The Fidelity Magellan Fund invests in stocks and other securities (may include up to 20% in bonds) of a variety of large, medium, and small sized companies in a variety of industries (both domestic and foreign).

    The PIMCO Total Return Fund invents in government, corporate, mortgage-backed, and foreign securities with an overall portfolio duration averaging 3 to 6 years.

    The Fidelity Equity Income Fund invests mainly in dividend-paying common and preferred stocks, particularly of large, established companies with favorable prospects for both increased dividends and capital growth.

    The Harbor Capital Appreciation Fund invests mainly in common stocks of domestic companies with market capitalizations of at least $1 billion, which exhibit above-average earnings growth potential.

    The Capital Guardian International Equity Fund invests primarily in foreign stocks in developed markets and stocks of emerging markets.

    The Unilever N.V. Stock Fund invests in shares of Unilever N.V. stock. Unilever N.V. is the ultimate parent of Unilever United States, Inc.

    The Fidelity Growth & Income Portfolio Fund seeks long term capital growth, current income, and growth of income by investing in equity securities (including common and preferred stocks), convertible securities, bonds, futures and options.

    The Fidelity Contrafund seeks long-term capital appreciation by investing primarily in common stock and securities convertible into common stock

    The Capital Guardian Emerging Markets Fund invests principally in developing country securities that are listed on a bona fide securities exchange or are actively traded in an over-the-counter market.

 


 

Thrift and Savings Plan for “Certain” Employees  
6

of Lever Brothers Company        
Notes to Financial Statements        

    The T. Rowe Price Small Cap Stock Fund invests at least 65% of its total assets in stocks and equity-related securities of small companies.

    The JP Morgan Select Small Company Fund mainly invests in common stocks of small companies with market capitalization of less than $1.2 billion.

    The AF Washington Mutual Investors Fund Class A invests primarily common stocks. The fund must be fully invested (95%) in the stocks of U.S. companies that meet the fund’s “eligible list” criteria, which include specific guidelines for return of capital, financial strength, and dividend payment.

    The Fidelity Select Healthcare Portfolio Fund normally invests at least 80% of its assets in the common stocks of companies principally engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine. The fund may invest in the securities of domestic and foreign issuers.

    The Fidelity Select Technology Portfolio Fund invests at least 80% of its assets in the common stocks of companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. The fund may invest in the securities of domestic and foreign issuers.

    The Fidelity Select Financial Portfolio Fund invests at least 80% of its assets in the common stocks of companies principally engaged in providing financial services to consumers and the financial industry. The fund may invest in the securities of domestic and foreign issuers.

    The Fidelity Select Natural Resources Portfolio Fund invests primarily in common stocks and in certain precious metals. The fund normally invests at least 80% of its assets in the common stocks of companies principally engaged in owning or developing natural resources, or supplying goods and services to such companies, and in precious metals. The fund may invest in the securities of domestic and foreign issuers.

Loans to Plan Participants
At the request of Plan participants, loans are permitted up to the lesser of $50,000 or one-half of the participants’ vested interest in all of their accounts (less any outstanding loans), excluding any amounts held in the Unilever N.V. Stock Fund. Loans bear interest at a fixed rate based on the Wall Street Journal published prime rate plus one percent, adjusted quarterly. Loans relating to the acquisition, construction, or reconstruction of a participant’s principal residence are to be repaid, in monthly installments, within fifteen years. This period will be automatically reduced to five years if certain administrative requirements are not fulfilled within six months of loan issuance. All other loans are required to be repaid, in monthly installments, within five years.

Termination
Upon termination of employment, participants are entitled to all of their vested balances.

Terminated employees whose vested balances exceed $5,000 at termination may elect to leave their account balances in the Plan until they so request them or attain the age of 70 1/2 at which time IRS regulations require minimum distributions to be made. Failure to make voluntary election to defer payment will result in a total distribution of vested Plan balances at age 65. Terminated employees whose vested balances are under $5,000 will be subjected to an involuntary distribution.

 


 

Thrift and Savings Plan for “Certain” Employees  
7

of Lever Brothers Company        
Notes to Financial Statements        

While the Company has not expressed any intent to discontinue its contributions the Plan, it is free to do so at any time. In the event such discontinuance results in the termination of the Plan, the amount in each member’s account becomes fully vested.

Other
At December 31, 2002 and 2001, there were 373 and 389 participants, respectively, some of whom elected to invest in more than one fund. Set forth below is the number of participants investing in each fund.

                 
    December 31,
   
    2002   2001
PRIMCO Interest Income Fund
    312       321  
PIMCO Total Return Fund
    61       60  
Fidelity Equity Income Fund
    53       65  
Fidelity Magellan Fund
    170       195  
Harbor Capital Appreciation Fund
    113       137  
JP Morgan Select Small Company Fund
          59  
Pyramid Equity Index Fund
    130       158  
T. Rowe Price Small Cap Stock Fund
    56        
Capital Guardian International Equity Fund
    65       79  
Unilever N.V. Stock Fund
    138       154  
Fidelity Growth & Income Fund
    5        
Fidelity Contrafund
    8        
Fidelity Select Financial Portfolio Fund
    11        
Fidelity Select Healthcare Portfolio Fund
    8        
Fidelity Select Natural Resources Portfolio Fund
    3        
Fidelity Select Technology Portfolio Fund
    9        
Capital Guardian Emerging Markets Fund
    2        
AF Washington Mutual Fund
    5        
Fidelity Assets Manager Fund
    4        

Administration
The Plan provides that the Benefits Administration Committee is responsible for the general administration of the Plan.

2.   Summary of Significant Accounting Policies

Basis of Accounting
The Plan’s financial statements have been prepared on the accrual basis of accounting in conformity with generally accepted accounting principles.

Valuation of Trust Investments
Shares of participation in the various funds, other than the Interest Income Fund, and the Unilever N.V. Stock Fund, are valued based on quoted market prices as of the last business day of the year. Unilever N.V. Stock in the Unilever N.V. Stock Fund is valued at market value based on its quoted market price as of the last business day of the year.

 


 

Thrift and Savings Plan for “Certain” Employees  
8

of Lever Brothers Company        
Notes to Financial Statements        

The guaranteed investment contracts and the synthetic guaranteed investment contracts in the Interest Income Fund are stated at contract value, which approximates fair value.

Investment Transactions and Investment Income of the Trust
Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned on an accrual basis. The average cost basis is used in determining gain or loss on Trust investments sold.

Purchases and sales of securities are reflected as of the trade date.

The Plan presents in the Statement of Changes in Net Assets Available for Plan Benefits the net appreciation (depreciation) in the fair value of its investments, which consists of the realized gains and losses and the unrealized appreciation (depreciation) on those investments.

Benefit Payments
Benefit payments are recorded when paid.

Administrative Expenses
Investment management fees for all funds, excluding the Unilever N.V. Stock Fund, are paid by the Plan. All other administrative expenses are paid by the Company.

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These significant estimates include the fair market values of investments. Actual results could differ from those estimates.

Risks and Uncertainties
The Plan provides for various investment options in any combination of stocks, bonds, fixed income securities, mutual funds, and other investment securities. Investment securities are exposed to various risks, such as interest rate, market and credit. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term would materially affect participants’ account balances and the amounts reported in the statement of net assets available for plan benefits and the statement of changes in net assets available for plan benefits.

The Trust is exposed to credit loss in the event of non-performance by the companies with whom guaranteed investment contracts are placed. However, the Plan administrator does not anticipate non-performance by these companies. The Plan administrator believes that the risk to the Trust portfolio from credit loss is not material due to the diversified nature of the assets held.

3.   Tax Status of the Plan

The Plan received a favorable tax determination letter, effective September 1, 1995, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code. The Plan has been amended since

 


 

Thrift and Savings Plan for “Certain” Employees  
9

of Lever Brothers Company        
Notes to Financial Statements        

receiving the determination letter. However, the Plan administrator and the Plan’s tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

4.   Investments Held by the Trust

The Trust primarily comprises the assets of the following plans:

    Unicare Savings Plan

    Savings Plan for Lever Brothers Employees Represented by the ICWUC

    Thrift and Savings Plan for “Certain” Employees of Lever Brothers Company

The plans listed above comprise approximately 99% of the investments held by the Trust as of December 31, 2002 and 2001. The Trust also holds investments for a number of other Plans sponsored by subsidiaries of Unilever United States, Inc. The Plan has an undivided interest in certain assets of the Trust and sole interests in other assets of the Trust. Certain investment assets of the Trust and related earnings are allocated to the Plans participating in the Trust based upon the total of each individual participant’s share of the Trust. On an overall basis, the Plan has a 4% interest in the investments of the Trust as of December 31, 2002 and 2001.

The Plan’s approximate share of investments held by the Trust at December 31, 2002 and 2001 were as follows:

                 
    2002   2001
Short-Term Investment Fund
    7 %     6 %
Mutual Funds
    2       2  
Commingled Fund
    7       0  
Guaranteed Investment Contracts
    7       6  
Synthetic Guaranteed Investment Contracts
    7       6  
Unilever N.V. Stock Fund
    4       5  
Loan Fund
    6       6  

 


 

Thrift and Savings Plan for “Certain” Employees  
10

of Lever Brothers Company        
Notes to Financial Statements        

At December 31, 2002 and 2001, the financial position of the Trust was as follows:

                     
        2002   2001
Investments at fair value:
               
 
Short-term investment fund (cost approximates fair value)
  $ 35,371,960     $ 23,726,778  
 
Mutual fund (cost $905,724,446 and $769,102,302)
    751,105,336       764,762,887  
 
Commingled fund (cost approximates contract value)
    202,681,776        
 
Guaranteed investments contracts (cost approximates contract value)
    40,741,306       60,459,687  
 
Synthetic guaranteed investment contracts (cost approximates contract value)
    468,057,093       435,615,806  
 
Unilever N.V. stock fund (cost $36,206,283 and $34,543,297)
    47,993,726       45,426,090  
 
   
     
 
 
Total investments
    1,545,951,197       1,329,991,248  
 
Loans to participants
    35,844,164       28,703,574  
 
   
     
 
   
Total Master Trust
  $ 1,581,795,361     $ 1,358,694,822  
 
   
     
 

The following presents investments that represent 5 percent or more of the Trust’s net assets for the years ended December 31, 2002 and 2001

                 
    2002   2001
Fidelity Magellan Fund, 2,077,095 and 1,778,693 shares, respectively
  $ 164,007,433     $ 185,375,412  
PRIMCO Interest Income Fund, 744,374,486 and 520,422,309 shares, respectively
    744,374,486       520,422,309  
PIMCO Total Return Institutional Fund, 10,937,373 and 9,260,476 shares, respectively
    116,701,769       96,864,580  
Pyramid Equity Index Fund, 19,863,159 and 21,034,689 shares, respectively
    142,220,220       193,308,791  
Harbor Capital Appreciation Fund, 4,676,266 shares
          136,687,251  

 


 

Thrift and Savings Plan for “Certain” Employees  
11

of Lever Brothers Company        
Notes to Financial Statements        

The changes in the Trust net assets for the years ended December 31, 2002 and 2001 were as follows:

                         
            2002   2001
Additions:
               
 
Additions of net assets attributed to:
               
   
Investment income:
               
     
Net depreciation in fair value of investments
  $ (187,682,832 )   $ (119,155,207 )
     
Interest
    46,638,494       33,758,960  
     
Dividends
    14,005,847       13,679,947  
 
   
     
 
 
    (127,038,491 )     (71,716,300 )
   
Contributions and other additions:
               
     
Contributions from participants
    68,927,238       57,700,320  
     
Contributions from employer
    35,906,392       25,555,536  
     
Rollover contributions
    17,652,154       24,852,113  
     
Transfer of plan assets in from affiliated plans
    491,726,019       19,409  
 
   
     
 
       
Total additions
    487,173,312       36,411,078  
Deductions:
               
 
Deductions from net assets attributed to:
               
   
Benefits paid to participants
    238,685,493       154,352,282  
   
Administrative expenses
    497,686       674,439  
   
Transfer of plan assets out to unaffiliated plans
    24,889,594       33,367,220  
 
   
     
 
       
Total deductions
    264,072,773       188,393,941  
 
   
     
 
       
Net additions/(deductions)
    223,100,539       (151,982,863 )
Net assets available for benefits:
               
 
Beginning of year
    1,358,694,822       1,510,677,685  
 
   
     
 
 
End of year
  $ 1,581,795,361     $ 1,358,694,822  
 
   
     
 

The net appreciation (depreciation) of investments held in the Trust by fund, which consists of the realized gains (losses) and the unrealized appreciation (depreciation) on these investments for the years ended December 31, 2002 and 2001 was as follows:

                     
        2002   2001
Net (depreciation) appreciation in fair value of investments:
               
 
Mutual funds
  $ (191,378,572 )   $ (114,735,571 )
 
Unilever N.V. stock
    3,695,740       (4,419,636 )
 
   
     
 
   
Net depreciation
  $ (187,682,832 )   $ (119,155,207 )
 
   
     
 

5.   Transactions with Related Parties and Parties-in-interest

The Unilever N.V. Stock Fund invests in shares of Unilever N.V. Stock. This fund is designed as a means for employees to participate in the potential long-term growth of Unilever.

Certain Trust investments consist of units in investment funds managed by Fidelity. Fidelity owns these investment funds, and is a party-in-interest as defined by ERISA. In the opinion of the Plan administrator, fees paid during the year for services rendered by parties-in-interest were based on customary and reasonable rates for such services.

 


 

Consent of Independent Accountants

We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-10936) of Unilever N.V. of our report dated June 24, 2003, relating to the financial statements of the Thrift and Savings Plan for “Certain” Employees of Lever Brothers Company, which appears in this Form 11-K/A.

     
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
   
     
New York, New York
December 8, 2003
   

 


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

             
    THRIFT AND SAVINGS PLAN FOR “CERTAIN”
EMPLOYEES OF LEVER BROTHERS COMPANY
             
    By:   /s/ Stephen Pass    
       
   
             
    STEPHEN PASS
    DIRECTOR OF BENEFITS
             
December 8, 2003