Hindustan Unilever

HSBC Securities and Capital Markets India Pvt Ltd (Manager to the Buyback Offer) on behalf of Hindustan Unilever Ltd (Target Company) has issued this Public Announcement ("PA") to the Shareholders of Target Company, Pursuant to the provision of Regulation 8(1) read with Regulation 15(c) of the Securities & Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended and contains disclosure as specified in Schedule II to these Regulation.

The Target Company announces its intention to buy-back its fully paid-up equity shares of face value of Re 1/- each (Equity Shares) from the existing registered shareholders / beneficial owners of the Equity Shares of Target Company (Buy-back.) through the open market, pursuant to Article 169A of the Articles of Association of the Company and in accordance with Sections 77A, 77AA and 77B of the Companies Act, 1956 (the Act) and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (the Buy-back Regulations) at a price not exceeding Rs 230/- per Equity Share (Maximum Offer Price) payable in cash, for an aggregate amount not exceeding Rs 630 Crores (Offer Size) i.e. within 25% of the existing Paid up Equity Share Capital and Free Reserves of the Company as on December 31, 2006 (the date of the last audited accounts).

The maximum number of Equity Shares that can be bought back cannot exceed 55,16,94,024 Equity Shares being 25% of 220,67,76,097 Equity Shares of Re 1/- each. There is no specific minimum number of shares that the Company proposes to Buy-back.

The Company will implement the Buy-back by way of Open Market purchases through the BSE and the NSE using their nationwide electronic trading facilities.

Schedule of activities:

Board Meeting approving Buy-back: July 29, 2007

Shareholders approving Buy-back through postal ballot: September 14, 2007

Date of Commencement of the Buyback: October 03, 2007.

Acceptance of Equity Shares: Within 15 days of the relevant payout date of the Stock Exchange.

Extinguishment of Equity Shares: Within 7 days of acceptance as above.

Last Date of Buyback: September 13, 2008 or when Target Company has completed Buy-back to the extent of Rs 630 Crores under the Buy-back or such other date as may be determined by the Company at anytime even if the maximum limit of Buy-back of shares has not been reached (by giving appropriate notice for such earlier date, if any), whichever is earlier.