Remuneration for individual Executive Directors

The following table gives details of the remuneration received in 2007 (including the value of vested share match and options exercised) by each Executive Director individually.

  Annual Emoluments 2007     Other income arising from long-term incentives and exercise of options in 2007    
Name and Base Country
Base
salary
‘000
Allowances
and other
payments(a)
‘000

Value of
benefits(b)
‘000


Bonus(c)
‘000

Total
2007
‘000

Total
2006
‘000
 
Option
gains
‘000

Share
match
‘000


TSR/
LTIP
‘000
Grand
total
2007
‘000
Grand
total
2006
‘000
Patrick Cescau (UK)(d) €1 426 €129 €47 €2 346 €3 948 €2 727   €50 €63 €4 061 €2 940
[£973] [£88] [£32] [£1 600] [£2 693] [£1 860]   [£34] [£43]   [£2 770] [£2 005]
Kees van der Graaf (NL) €798 €27 €9 €988 €1 822 €1 202   €60 €1 882 €1 287
[£544] [£19] [£6] [£674] [£1 243] [£819]     [£41]   [£1 284] [£877]
Ralph Kugler (UK) €861 €56 €11 €1 033 €1 961 €1 313   €53 €2 014 €1 414
[£587] [£38] [£8] [£705] [£1 338] [£895]     [£36]   [£1 374] [£964]
Rudy Markham (UK)(e) €406 €9 €15 €498 €928 €1 517   €54 €982 €2 111
[£277] [£6] [£10] [£340] [£633] [£1 035]     [£37]   [£670] [£1 440]

(a) Includes: allowance in lieu of company car; blind trust fees compensation; compensation for loss of net income because part of the salary was paid in the Netherlands; entertaining allowance and employers cost for the all-employee savings plan in the Netherlands. All allowances are taxable in the country of residence apart from the entertaining allowance which is currently tax free in the Netherlands.

(b) Includes: benefits for company car; housing (for business use) instead of hotel; medical insurance and private use chauffeur driven cars. Included are benefits that are taxable in the country of residence. In addition, Unilever provides support to Executive Directors in relation to spouse’s travel expenses when travelling together on company business. This amount is capped at 5% of base salary and for 2007 totalled €168 559 (£114 991) (including related taxes payable).

(c) Bonus of the year 2007. Includes: the value of both the cash element and the element paid in shares of NV and PLC. In addition to the element of the bonus paid in shares each Executive Director is awarded, on a conditional basis, an equivalent number of matching shares.

(d) Group Chief Executive.

(e) Rudy Markham stepped down as Director at the May 2007 AGMs. He retired from Unilever at 31 October 2007. In the table above are the emoluments for the period January – May 2007. His emoluments for the period June – October were in total:
€1 140 000 (£777 708).

Figures have been translated into euros using the following exchange rate: €1 = £0.6822 (2006: €1 = £0.6818).

The Summary Financial Statement was approved by the Boards of Directors on 10 March 2008.

M Treschow
Chairman

P Cescau
Group Chief Executive