Unilever Acquires Dollar Shave Club

LONDON & ROTTERDAM, Netherlands–(BUSINESS WIRE)–Wednesday July 20, 2016 – Unilever today announced that it has
signed an agreement to purchase Dollar Shave Club®. Founded in 2012 and
headquartered in Venice, California, Dollar Shave Club (DSC) has grown
into a full male grooming business that has transformed the shaving
category with its lifestyle brand empowering 3.2 million members. In
2015, DSC had turnover of US$152 million and is on track to exceed
US$200 million in turnover in 2016. Terms of the transaction were not
disclosed.

With a product and brand range that extends far beyond shaving to
include Wanderer® men’s personal wash products, Big Cloud®
men’s skin care products, Boogies® hair styling products, and One
Wipe Charlies
® daily wipes, Dollar Shave Club® brings to Unilever’s
personal care category a unique male grooming perspective.

“Dollar Shave Club is an innovative and disruptive male grooming brand
with incredibly deep connections to its diverse and highly engaged
consumers,” said Kees Kruythoff, President of Unilever North America.
“In addition to its unique consumer and data insights, Dollar Shave Club
is the category leader in its direct-to-consumer space. We plan to
leverage the global strength of Unilever to support Dollar Shave Club in
achieving its full potential in terms of offering and reach.”

Michael Dubin, founder and CEO of Dollar Shave Club, added: “DSC
couldn’t be happier to have the world’s most innovative and progressive
consumer-product company in our corner. We have long admired Unilever’s
purpose-driven business leadership and its category expertise is
unmatched. We are excited to be part of the family.”

Michael Dubin will continue to serve as CEO of DSC.

Subject to regulatory approval, the transaction is expected to close
during the third quarter.

About Unilever:

Unilever is one of the world’s leading suppliers of Food, Home and
Personal Care products with sales in over 190 countries and reaching 2
billion consumers a day. It has 169,000 employees and generated sales of
€53.3 billion in 2015. Over half (58%) of the company’s footprint is in
developing and emerging markets. Unilever has more than 400 brands found
in homes around the world, including Persil, Dove, Knorr, Domestos,
Hellmann’s, Lipton, Wall’s, PG Tips, Ben & Jerry’s, Marmite, Magnum and
Lynx.

Unilever’s Sustainable Living Plan commits to:

  • Helping more than a billion people take action to improve their health
    and well-being by 2020.
  • Halving the environmental impact of our products by 2030.
  • Enhancing the livelihoods of millions of people by 2020.

Unilever was ranked number one in its sector in the 2015 Dow Jones
Sustainability Index. In the FTSE4Good Index, it achieved the highest
environmental score of 5. It led the list of Global Corporate
Sustainability Leaders in the 2016 GlobeScan/SustainAbility annual
survey for the sixth year running. Unilever was ranked the most
sustainable food and beverage company in Oxfam’s Behind the Brands
Scorecard in 2016 for the second year.

For more information about Unilever and its brands, please visit www.unilever.com.
For more information on the USLP: www.unilever.com/sustainable-living/

About Dollar Shave Club:

Dollar
Shave Club
is a men’s grooming brand dedicated to helping men live
smarter, more successful lives through high-quality personal care
products, content and technology. DSC began in March 2012 with a simple
offering: deliver high-quality razors for a few bucks a month. DSC has
since launched a lineup of additional products on its march toward
owning the men’s bathroom. Those products include Wanderer, a
sulfate-free shower line including Calming Body Cleanser and Body Bar,
Awakening Body Cleanser and Body Bar, Face Cleanser and a Lathering
Shower Cloth; Big Cloud, a compromise-free skin protection line
including Hand Cream, Lip Balm, and Daily Face Moisturizer with
Sunscreen; Boogie’s Gel, Clay, Cream, Fiber and Paste; Dr. Carver’s Easy
Shave Butter, Pillowy Shave Lather, Magnanimous Post Shave Cream, and
Miracle Repair Serum; and One Wipe Charlies. DSC will soon be the
easiest place for guys to get the things they use every day. For more
information, visit www.dollarshaveclub.com
or you can also follow Dollar Shave Club on Twitter (@DollarShaveClub),
Facebook
and Instagram.

Cautionary Statement/Safe Harbour:

This announcement may contain forward-looking statements, including
‘forward-looking statements’ within the meaning of the United States
Private Securities Litigation Reform Act of 1995. Words such as ‘will’,
‘aim’, ‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’,
‘vision’, or the negative of these terms and other similar expressions
of future performance or results, and their negatives, are intended to
identify such forward-looking statements. These forward-looking
statements are based upon current expectations and assumptions regarding
anticipated developments and other factors affecting the Unilever Group
(the “Group”). They are not historical facts, nor are they guarantees of
future performance.

Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by these
forward-looking statements. Among other risks and uncertainties, the
material or principal factors which could cause actual results to differ
materially are: Unilever’s global brands not meeting consumer
preferences; Unilever’s ability to innovate and remain competitive;
Unilever’s investment choices in its portfolio management; inability to
find sustainable solutions to support long-term growth; customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain; the cost of raw materials and
commodities; the production of safe and high quality products; secure
and reliable IT infrastructure; successful execution of acquisitions,
divestitures and business transformation projects; economic and
political risks and natural disasters; financial risks; failure to meet
high and ethical standards; and failure to comply with laws and
regulations, including tax laws. These forward-looking statements speak
only as of the date of this document. Except as required by any
applicable law or regulation, the Group expressly disclaims any
obligation or undertaking to release publicly any updates or revisions
to any forward-looking statements contained herein to reflect any change
in the Group’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
Further details of potential risks and uncertainties affecting the Group
are described in the Group’s filings with the London Stock Exchange,
Euronext Amsterdam and the US Securities and Exchange Commission,
including in the Group’s Annual Report on Form 20-F for the year ended
31 December 2015 and the Annual Report and Accounts 2015.

Contacts

Unilever Global Media Relations
Merlin Koene, 0734 2068 784
Merlin.Koene@unilever.com
or
Unilever
US Media Relations
Joelle Hutcheon, 00 1 201 894 7760
MediaRelations.USA@unilever.com
or
Dollar
Shave Club Media Relations
Kristina Levsky, 00 1 323 842 1500
Kristina.levsky@dollarshaveclub.com