Unilever Caribbean : 31 Mar 2022 – Unilever Caribbean Limited – Audited Summary Financial Statements for the year ended December 31st, 2021

Unilever Caribbean Limited

Audited Summary Financial Statements

for the Year ended 31 December 2021 (continued)

Expressed in Trinidad & Tobago Dollars

AUDITED 12 MONTHS ENDED 31 Dec 2021 31 Dec 2020 $'000 $'000

AUDITED 12 MONTHS ENDED 31 Dec 2021 31 Dec 2020 $'000 $'000

Continuing operations Revenue

CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation

Cost of sales Gross profit

Continuing operations Discontinued operations

Selling and distribution costs Administrative expenses

Adjustment for items not affecting working capital

Impairment reversal on trade receivables Gain on disposal of plant and equipment Operating profit

Operating profit before working capital changes Net (decrease)/increase in working capital

Cash flows (used in)/generated from operating activities

Restructuring cost

Taxation & interest paid

Operating profit after restructuring Finance expense

Net cash (used in)/generated from operating activities

Other income

Profit before taxation Taxation expense Profit for the period Discontinued operations

CASH FLOWS FROM INVESTING ACTIVITIES Interest received

Purchase of plant and equipment Proceeds from sale of property, plant and equipment

Proceeds from sale of discontinued operations

Profit from discontinued operations, net of tax Profit for the period

Net cash generated from/(used in) investing activities

Other comprehensive income

Re-measurements of defined benefit asset/liability Revaluation of property

CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid

Payment of lease liabilities

Related tax

Total comprehensive income for the period Earnings per share - continuing operations Earnings per share - discontinued operations Basic and diluted earnings per ordinary share

Net cash flows used in financing activities Increase in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period Represented by:

Cash at bank and in hand

Property

Stated revaluation capital surplus

$'000

$'000

Retained earnings $'000

Total equity $'000

Balance as at 1 January, 2021

Total comprehensive income for the period

Dividends paid

5. Assets held for sale - The company committed to a plan to sell factory and warehousing equipment, as well as the land and buildings from which it performs its current operations. Efforts to sell are underway, and the company is expecting to finalise the sales in 2022. For land & building this is expected to qualify as a completed sale via a sale and short-term lease-back transaction, subject to the approval of a final agreement by the board of directors. The cumulative value on the financial statements for the assets held for sale is equal to $58.2 million. Specific liabilities directly related to these assets are classified under current liabilities, equal to $2.9 million.

Balance as at 31 December, 2021

Balance as at 1 January, 2020

Total comprehensive income for the period

6. Discontinued operations - During the third quarter, the company approved the sale and transfer of the local tea business to a newly incorporated global Unilever tea holding company, effective October 1, 2021. The 2021 profit for the tea business has been reported as a single line, net of tax under discontinued operations. The detailed Income Statement, and the 2020 comparison is disclosed separately below. For 2021, Revenue and Operating profit includes only 9 months of operations. Other income reflects the income generated from the sale and transfer of the tea business per October 1st.

Balance as at 31 December, 2020

DISCONTINUED OPERATIONS

AUDITED 12 MONTHS ENDED 31 Dec 2021 31 Dec 2020 $'000 $'000

1. General Information - Unilever Caribbean Limited is incorporated in the Republic of Trinidad and Tobago, and its registered office is located at Eastern Main Road, Champs Fleurs. The Company is listed on the Trinidad and Tobago Stock Exchange. The principal business activity is the sale of home care, personal care and food products. It is a subsidiary of Unilever Overseas Holdings AG, which is a wholly owned subsidiary of Unilever PLC, a company incorporated in the United Kingdom.

Discontinued operations Revenue

Cost of sales Gross profit

2. Basis of preparation - These summary financial statements have been derived from the audited financial statements for the year ended 2021, which were prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standard Board (IASB).

Selling and distribution costs Impairment loss on trade receivables

3. Significant accounting policies - The financial statements have been prepared under the historical cost convention, as modified by the revaluation of freehold properties and re-measurements of retirement and termination benefit obligations. The principal accounting policies applied in the preparation of these summary financial statements are consistent with those disclosed in the audited financial statements as at and for the year ended December 31, 2021, and have been consistently applied to all periods presented, unless otherwise stated.

4. Measurement of defined benefit obligations - The total obligation decreased by $7.8 million as a result of a discount rate adjustment from 5.75% to 6.00%. The discount rate is a key assumption, and is based on judgement.

7. Other - On March 28, 2022, the Board of Directors declared a final dividend of $4.30, bringing the total dividend in respect of 2021 to $4.50 per share. These financial statements do not reflect the final dividend which will be accounted for as an appropriation of retained earnings in the year ending December 31, 2022.

The Full Audited Financial Statements will be made available on March 31, 2022 atwww.unilever.tt/investor-relations/

SUMMARY STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMESUMMARY STATEMENT OF CHANGES IN EQUITY

Balance as at 1 January, 2021 Total comprehensive income for the period Dividends paid	26,244 - -	36,568 228,775 291,587 - 206,351 206,351 - (20,995) (20,995)
Balance as at 31 December, 2021	26,244	36,568 414,131 476,943
Balance as at 1 January, 2020 Total comprehensive income for the period	26,244 -	35,643 198,346 260,233 925 30,429 31,354
Balance as at 31 December, 2020	26,244	36,568 228,775 291,587

NOTES TO THE SUMMARY FINANCIAL STATEMENTSSUMMARY STATEMENT OF CASH FLOWSNOTES TO THE SUMMARY FINANCIAL STATEMENTS (CONTINUED)

Discontinued operations Revenue Cost of sales	30,150 (13,578)	47,864 (20,647)
Gross profit Selling and distribution costs Impairment loss on trade receivables	16,572 (5,807) (69)	27,217 (11,386) (159)
Operating profit	10,696	15,672
Income tax expense from operating activities	(3,238)	(3,984)
Results from operating activities, net of tax	7,458	11,688
Gain on sale of discontinued operations	164,423	-
Profit from discontinued operations, net of tax	171,881	11,688