Unilever Global Strategy Council Summit Recap

Unilever Global Strategy Council Summit Recap 1. Iden'fied Growth Priori'es 2. Growth Priori'es Translated to Investment Plans 3. Role of M&A for Future of Unilever 4. M&A Group Recommenda'on & Presenta'on

Unilever High Growth Priori'es Deodorants, Skin, Hair Savoury, Ice Cream, Tea Vitality within Foods Home Care Russia, China, and Local access

Transla'ng Growth Priori'es Into Investment Plans Category PorOolio Growth Priori'es Current Investment Status

Role of M&A for Future Unilever Growth top priority transform market share towards leadership high growth APrac'veness attractiveness lower growth transform or dispose key battlegrounds generate cash weak / contested invest to grow defend and grow profitably clear leadership augment share, extend strongholds, exploit hotspots Compe''veness

Growth Priori'es sa'sfied by Hain Deodorants, Skin, Hair Savoury, Ice Cream, Tea Vitality within Foods Home Care Russia, China, and Local access *The color GREY represents unsa'sfied growth priority

Road Map Cultural Fit/ Strategic Fit Strategies Post Acquisi'on Value Offer Logis'cs of Acquisi'on

Cultural / Strategic Fit Be(er Future for Our Children Healthier Future More Confident Future Be(er Future for Our Planet Be(er Future for Farming/ Farmers Healthy Products Healthy Packaging Healthy Environment Healthy CommuniCes

Sustainability Sustainable Living Plan Cleaner Planet Together IniCaCve Fairtrade vanilla and almonds Sustainable forest project Reduced packaging by 5% Decreased CO2 by 492.2 tons Award winning Belgium, UK, Canada manufacturing plants

Social Responsibility Flora/Becel margarine Vaseline Skin Care FoundaCon Lifebuoy soap Doves Campaign for Real Beauty Safe drinking water to 500 million people by 2020 World Food Programme Natural and Organic Over 400 gluten free products Reducing calories, fat, sodium, sugar 97% products non GMO cercfied Feed the Children, Second Harvest, Bowery Mission

Strategies 1. Exploit our current global footprint to encourage expansion of Hain Celes'al into interna'onal markets. 2. Gain addi'onal 1% revenue growth through incorpora'on of Hain food and beverage segments. 3. Diversify Unilever product poroolio through incorpora'on of natural and organic personal care lines. 4. Create Hain adver'sing profile equivalent to rest of Unilever family of brands.

Exploit our Global Footprint Currently 17.2% of net sales are in US Expected 7.03% posicve increase Unilever US sales 14% of sales in InternaConal market Expected 36% growth with expansion into Middle east, Russia, Asia, Africa, India

Growth in Foods & Beverages Accomplish our Sustainability Goal Tap into organic foods, tea market Revenue growth increase 1% with acquisi'on

Diversify Personal Care PorOolio A Hain Celes'al strength Decrease compe''on in U.S. Unilever men s personal care gaining prominence in U.S. 0.5% increase in growth rate

Expand Hain Adver'sing Profile Necessary increase of Hain Celestial s marketing budget Results in 2% increase in operating expenses Will stimulat future growth in brands of both companies

Post Acquisi'on Value $275.00 $250.00 $225.00 $200.00 $175.00 $150.00 $125.00 $100.00 $75.00 $50.00 $25.00 Entering Value Global Footprint Foods & Refreshments Personal Care Marke'ng & Advert. Cost

The Offer $3.62 B Cash $1.09 B Stock $2.53 B DisposiCon of Board/ Employees

Together we can Enter new foreign markets Strengthen our brands Con'nue to be socially responsible Increase our value

Discussion & Delibera'on

Appendices

Appendix A Unilever Historical Growth Analysis 2007 2008 2009 2010 2011 2012 UN Growth Avg Revenue $53.45 $53.89 $52.96 $58.87 $61.81 $64.16 YOY Growth 1.01 0.98 1.11 1.05 1.04 1.04 1.08 Cost of Goods Sold (COGS) incl. D&A $27.53 $28.61 $27.60 $30.90 $37.40 $40.52 YOY Growth 1.04 0.96 1.12 1.21 1.08 1.08 1.09 Operating Exp $16.93 $16.17 $16.17 $17.85 $13.86 $12.66 YOY Growth 0.96 1.00 1.10 0.78 0.91 0.96 1.04 EBITDA $8.99 $9.11 $9.19 $10.12 $10.55 $10.98 YOY Growth 1.01 1.01 1.10 1.04 1.04 1.04 1.14 Unilever Stand-Alone DCF 2012 2013 2014 2015 2016 2017 TV in Perpetuity HAIN Growth Avg TV (Using Multiple) Revenue $64.16 $66.60 $69.14 $71.77 $74.51 $77.35 Growth 1.04 CGS $40.52 $43.90 $47.57 $51.54 $55.84 $60.50 Growth 1.08 Operating Exp $12.66 $12.13 $11.63 $11.16 $10.70 $10.26 growth 0.96 EBITDA $10.98 $10.57 $9.94 $9.08 $7.97 $6.59 $87.92 $89.51 Realized Growth 0.96 0.94 0.91 0.88 0.83 PVIF @ 7.5% 1.00 0.930 0.865 0.805 0.749 0.697 0.697 0.697 PV of Cash Flow $10.98 $9.83 $8.60 $7.31 $5.97 $4.59 $61.24 $62.35 DCF $97.55 $98.66

Appendix B Unilever-Hain DCF (Projected growth through global expansion of all Hain product lines) 2012 2013 2014 2015 2016 2017 TV in Perpetuity Revenue $64.16 $68.61 $71.40 $74.30 $77.33 $80.47 growth (anticipated) 1.04 1.07 1.04 1.04 1.04 1.04 Revenue $64.16 $69.89 $74.13 $78.63 $83.40 $88.46 growth (+2% over anticipated) 1.04 1.09 1.06 1.06 1.06 1.06 Revenue $64.16 $67.33 $68.72 $70.14 $71.59 $73.07 growth (-2% under anticipated) 1.04 1.05 1.02 1.02 1.02 1.02 CGS $40.52 $44.38 $48.08 $52.09 $56.44 $61.15 growth (anticipated) 1.08 1.10 1.083 1.083 1.083 1.083 Operating Exp $12.66 $12.13 $11.63 $11.16 $10.70 $10.26 growth (anticipated) 0.96 0.96 0.96 0.96 0.96 0.96 EBITDA $10.98 $12.10 $11.69 $11.06 $10.19 $9.07 $120.90 realized growth 1.10 0.97 0.95 0.92 0.89 EBITDA $10.98 $13.38 $14.42 $15.38 $16.27 $17.06 $227.44 realized growth 1.22 1.08 1.07 1.06 1.05 EBITDA $10.98 $10.81 $9.00 $6.89 $4.45 $1.66 $22.19 realized growth 0.98 0.83 0.77 0.65 0.37 PVIF @ 7.5% 1.00 0.930 0.865 0.805 0.749 0.697 0.697 PV of Cash Flow $10.98 $11.25 $10.11 $8.90 $7.63 $6.32 $84.26 PV of Cash Flow $10.98 $12.44 $12.47 $12.38 $12.18 $11.89 $158.53 PV of Cash Flow $10.98 $10.06 $7.79 $5.55 $3.34 $1.16 $15.47 Net Change DCF $128.48 $30.93 DCF $219.90 $122.36 DCF $43.36 -$54.19 Notes & Assumptions: Revenue for 2013 includes annual data for UN with addition of projected Hain revenues: CGS reflects an initial increase of 36% in cost of goods sold within Hain segments as a result of expansion into UN Asia/AMET/RUB markets $1.88

Appendix B Revenue Growth by Geographic Region (with 36% expansion of Hain into Asia/AMET/RUB markets) Region 2012 2013 2014 2015 2016 2017 AVG Hain $0.99 $1.07 $1.16 $1.25 $1.35 $1.46 growth 1.08 1.08 1.08 1.08 1.08 1.08 United States UN $21.39 $22.20 $23.05 $23.92 $24.84 $25.78 growth 1.04 1.038 1.038 1.038 1.038 1.038 Net $22.38 $23.27 $24.20 $25.17 $26.19 $27.24 growth 1.040 1.040 1.040 1.040 1.040 0.765 Hain $0.39 $0.42 $0.45 $0.49 $0.53 $0.57 growth $1.08 $1.08 $1.08 $1.08 $1.08 $1.08 Canada & Europe UN $17.38 $18.05 $18.73 $19.45 $20.19 $20.96 growth 1.04 1.038 1.038 1.038 1.038 1.038 Net $17.77 $18.46 $19.18 $19.93 $20.71 $21.53 grow 1.039 1.039 1.039 1.039 1.039 1.039 Hain $0.00 $0.54 $0.56 $0.58 $0.60 $0.63 growth 1.04 1.04 1.04 1.04 1.04 Asia/AMET/RUB UN $25.51 $26.49 $27.49 $28.54 $29.63 $30.76 growth 1.04 1.038 1.038 1.038 1.038 1.038 Net $25.51 $27.02 $28.05 $29.12 $30.23 $31.38 growth 1.059 1.038 1.038 1.038 1.038 1.042 Total revenue $65.66 $68.76 $71.44 $74.23 $77.13 $80.15 YOY growth 1.047 1.039 1.039 1.039 1.039 1.041 Hain total revenue 2013 $2.02 growth 1.36 UN total revenue 2013 $66.73 growth 1.00 Unilever % Sales by Location Asia/AMET/RUB 40% United States 72% The Americas Europe 33% 27% United Kingdom Canada & Europe 14% 14% 2012 Revenue by Geographic Location Hain % Sales by Location in billions USD Hain UN Consolidated %of UN Sales United States $0.99 $21.39 $22.38 34% United Kingdom $0.19 $17.38 $17.77 27% Canada & Europe $0.19 Asia/AMET/RUB $0.00 $25.51 $25.51 39% Total $1.38 $64.28 $65.66

Appendix C Unilever-Hain DCF (with expansion of Foods & Refreshments Product Lines) 2012 2013 2014 2015 2016 2017 TV in Perpetuity Revenue $64.16 $67.87 $71.14 $74.56 $78.14 $81.90 growth (anticipated) 1.04 1.048 1.048 1.048 1.048 1.048 Revenue $64.16 $67.87 $72.49 $77.43 $82.70 $88.33 growth (+2% over anticipated) 1.04 1.068 1.068 1.068 1.068 1.068 Revenue $64.16 $67.87 $70.46 $73.14 $75.93 $78.82 growth (no change over avg.) 1.04 1.038 1.038 1.038 1.038 1.038 CGS $40.52 $43.90 $47.57 $51.54 $55.84 $60.50 growth (anticipated) 1.08 1.083 1.083 1.083 1.083 1.083 Operating Exp $12.66 $11.56 $10.55 $9.64 $8.80 $8.04 growth (anticipated) 0.91 EBITDA $10.98 $12.41 $13.02 $13.38 $13.51 $13.37 $178.25 realized growth 1.130 1.049 1.028 1.009 0.990 EBITDA $10.98 $12.41 $14.37 $16.26 $18.07 $19.80 $264.02 realized growth 1.130 1.158 1.131 1.111 1.096 EBITDA $10.98 $12.41 $12.34 $11.97 $11.29 $10.29 $137.16 realized growth 1.130 0.994 0.970 0.943 0.911 PVIF @ 7.5% 1.00 0.930 0.865 0.805 0.749 0.697 0.697 PV of Cash Flow $10.98 $11.54 $11.26 $10.77 $10.12 $9.32 $124.24 PV of Cash Flow $10.98 $11.54 $12.43 $13.09 $13.53 $13.80 $184.02 PV of Cash Flow $10.98 $11.54 $10.67 $9.63 $8.46 $7.17 $95.60 Net Change DCF $177.25 $79.71 DCF $248.42 $150.87 DCF $143.08 $45.54 Notes & Assumptions: Revenue for 2013 includes annual data for UN with addition of target product segments. Anticipated growth rate reflects 1% growth over previous growth avg. 1.27

Appendix C UN Product Category Foods Refreshment Personal Care Home Care Growth by Product Category Product / Growth by Company 2012 2013 2014 2015 2016 2017 AVG Hain Grocery / Fresh Prod. $0.95 $1.03 $1.11 $1.20 $1.30 $1.40 growth 1.08 UN Foods $17.96 $18.65 $19.36 $20.10 $20.86 $21.66 growth 1.04 Net $18.92 $19.68 $20.47 $21.30 $22.16 $23.06 YOY growth 1.040 1.040 1.040 1.040 1.041 1.040 Hain Tea / Snacks 0.32 0.34 0.37 0.40 0.43 0.47 growth 1.08 UN Refreshments 12.19 12.65 13.14 13.64 14.16 14.70 growth 1.04 Net 12.51 13.00 13.51 14.04 14.59 15.16 growth 1.039 1.039 1.039 1.039 1.039 1.039 Hain Pers. Care $0.11 $0.12 $0.13 $0.14 $0.15 $0.16 growth 1.08 UN Pers. Care $22.46 $23.31 $24.20 $25.12 $26.08 $27.07 growth 1.04 Net $22.57 $23.43 $24.33 $25.26 $26.23 $27.23 growth 1.038 1.038 1.038 1.038 1.038 1.038 UN Home Care 11.55 11.99 12.45 12.92 13.41 13.92 growth Total Revenue 1.04 $65.54 $68.09 $70.75 $73.51 $76.39 $79.37 YOY Growth 1.039 1.039 1.039 1.039 1.039 1.039 HAIN Revenue by Product Category Unilever Category % Sales Value Net Value Category % Sales Value Grocery 68% $0.94 Fresh Products 1% $0.01 $0.95 Foods 28% Tea 8% $0.11 Snacks 15% $0.21 $0.32 Refreshment 19% $17.96 Growth (in current revenues) $12.19 3% Personal Care 8% $0.11 $0.11 Personal Care 35% $22.46.05% Home Care 18% $11.55 Total Revenue $1.38 Total Revenue $64.16 5%

Appendix D Unilever-Hain DCF (with expansion of Personal Care Product Lines) 2012 2013 2014 2015 2016 2017 TV in Perpetuity Revenue $64.16 $66.71 $69.59 $72.59 $75.72 $78.98 growth (anticipated) 1.04 1.043 1.043 1.043 1.043 1.043 Revenue $64.16 $66.71 $70.92 $75.40 $80.15 $85.21 growth (+2% over anticipated) 1.04 1.063 1.063 1.063 1.063 1.063 Revenue $64.16 $66.71 $69.26 $71.89 $74.63 $77.47 growth (-0.5% under anticipated) 1.04 1.038 1.038 1.038 1.038 1.038 CGS $40.52 $43.90 $47.57 $51.54 $55.84 $60.50 growth (anticipated) 1.08 Operating Exp $12.66 $12.13 $11.63 $11.16 $10.70 $10.26 growth (anticipated) 0.96 EBITDA $10.98 $10.68 $10.39 $9.90 $9.18 $8.23 $109.67 realized growth 0.972 0.973 0.953 0.928 0.896 EBITDA $10.98 $10.68 $11.72 $12.71 $13.62 $14.46 $192.79 realized growth 0.972 1.098 1.084 1.072 1.062 EBITDA $10.98 $10.68 $10.05 $9.20 $8.10 $6.72 $89.63 realized growth 0.972 0.942 0.915 0.880 0.830 PVIF @ 7.5% 1.00 0.930 0.865 0.805 0.749 0.697 0.697 PV of Cash Flow $10.98 $9.93 $8.99 $7.97 $6.88 $5.73 $76.44 PV of Cash Flow $10.98 $9.93 $10.14 $10.23 $10.20 $10.08 $134.37 PV of Cash Flow $10.98 $9.93 $8.70 $7.41 $6.07 $4.69 $62.47 Net Change DCF $115.93 $18.39 DCF $184.95 $87.41 DCF $99.25 $1.71 Notes & Assumptions: Revenue for 2013 includes annual data for UN with addition of target product segments Anticipated growth rate reflects 0.5% growth over previous growth avg. 0.11

Appendix D UN Product Category Foods Refreshment Personal Care Home Care Growth by Product Category Product / Growth by Company 2012 2013 2014 2015 2016 2017 AVG Hain Grocery / Fresh Prod. $0.95 $1.03 $1.11 $1.20 $1.30 $1.40 growth 1.08 UN Foods $17.96 $18.65 $19.36 $20.10 $20.86 $21.66 growth 1.04 Net $18.92 $19.68 $20.47 $21.30 $22.16 $23.06 YOY growth 1.040 1.040 1.040 1.040 1.041 1.040 Hain Tea / Snacks 0.32 0.34 0.37 0.40 0.43 0.47 growth 1.08 UN Refreshments 12.19 12.65 13.14 13.64 14.16 14.70 growth 1.04 Net 12.51 13.00 13.51 14.04 14.59 15.16 growth 1.039 1.039 1.039 1.039 1.039 1.039 Hain Pers. Care $0.11 $0.12 $0.13 $0.14 $0.15 $0.16 growth 1.08 UN Pers. Care $22.46 $23.31 $24.20 $25.12 $26.08 $27.07 growth 1.04 Net $22.57 $23.43 $24.33 $25.26 $26.23 $27.23 growth 1.038 1.038 1.038 1.038 1.038 1.038 UN Home Care 11.55 11.99 12.45 12.92 13.41 13.92 growth Total Revenue 1.04 $65.54 $68.09 $70.75 $73.51 $76.39 $79.37 YOY Growth 1.039 1.039 1.039 1.039 1.039 1.039 HAIN Revenue by Product Category Unilever Category % Sales Value Net Value Category % Sales Value Grocery 68% $0.94 Fresh Products 1% $0.01 $0.95 Foods 28% Tea 8% $0.11 Snacks 15% $0.21 $0.32 Refreshment 19% $17.96 Growth (in current revenues) $12.19 3% Personal Care 8% $0.11 $0.11 Personal Care 35% $22.46.05% Home Care 18% $11.55 Total Revenue $1.38 Total Revenue $64.16 5%

Appendix E Unilever-Hain DCF (with Cost Synergy for growth in Operating Expenses) 2012 2013 2014 2015 2016 2017 TV in Perpetuity Revenue $64.16 $66.60 $69.14 $71.77 $74.51 $77.35 Growth 1.04 CGS $40.52 $43.90 $47.57 $51.54 $55.84 $60.50 Growth 1.08 Operating Exp $12.66 $12.35 $11.84 $11.36 $10.89 $10.44 intended growth 0.96 0.98 0.96 0.96 0.96 0.96 Operating Exp $12.66 $12.28 $11.77 $11.29 $10.82 $10.38 limited growth 0.96 0.97 0.96 0.96 0.96 0.96 Operating Exp $12.66 $12.66 $12.13 $11.63 $11.16 $10.70 aggressive growth 0.96 1.00 0.96 0.96 0.96 0.96 EBITDA $10.98 $10.35 $9.73 $8.88 $7.78 $6.41 $85.45 Realized Growth 0.94 0.94 0.91 0.88 0.82 EBITDA $10.98 $10.43 $9.80 $8.95 $7.85 $6.47 $86.32 Realized Growth 0.95 0.94 0.91 0.88 0.82 EBITDA $10.98 $10.05 $9.44 $8.60 $7.52 $6.15 $82.04 Realized Growth 0.91 0.94 0.91 0.87 0.82 PVIF @ 7.5% 1.00 0.930 0.865 0.805 0.749 0.697 0.697 PV of Cash Flow $10.98 $9.63 $8.42 $7.15 $5.83 $4.46 $59.52 PV of Cash Flow $10.98 $9.70 $8.48 $7.21 $5.88 $4.51 $60.13 PV of Cash Flow $10.98 $9.34 $8.17 $6.93 $5.63 $4.29 $57.15 Net Change DCF $95.01 -$2.54 DCF $95.90 -$1.64 DCF $91.50 -$6.04 Notes & Assumptions: Increase in marketing and advertising budgets for Hain subsidiaries will represent a 2% growth in Unilever Operating Expenses (Increase from 4% to 15.9% of total sales from Hain)

Appendix F Global Footprint Expansion of Foods & Refreshments Expansion of Personal Care Cost Associated with Expansion of Hain Marketing & Advertising Summary of Value of Synergies Entering Value $97.55 Adjusted for Hain % Change Best Case $219.90 $218.02 2.235 Anticipated $128.48 $126.60 1.298 Worst Case $43.36 $41.48 0.425 Best Case $248.42 $247.15 2.534 Anticipated $177.25 $175.98 1.804 Worst Case $143.08 $141.81 1.454 Best Case $184.95 $184.84 1.895 Anticipated $115.93 $115.82 1.187 Worst Case $99.25 $99.14 1.016 Best Case $95.90 $95.90 0.983 Anticipated $95.01 $95.01 0.974 Worst Case $91.50 $91.50 0.938 Consolidated Value of Synergies $128.35 Notes & Assumptions: All values in billions USD 1 EUR = 1.33 USD EBITDA Multiple (HAIN): 13.1 WACC* for HAIN: 7% Given Value of HAIN: $2.75 EBITDA Multiple (UN): 13.575 WACC* for UN: 7.50% Current Value of UN: $97.55 Assessed Value of UN: $128.35 HAIN Relative Size 3% *From wikiwealth.com Final Valuation & Offer Current Value of Unilever Value Added Through Acquisition Post-Acquisition Value Cash & Equivalents On Hand Current Value of Hain Offer Price Structure $97.55 $30.81 $128.35 $3.278 $2.75 $3.62 Cash $1.09 Stock $2.53