\u00a0<\/p>\n
Filed by McCormick & Company, Incorporated
pursuant to Rule 425 under the Securities Act of 1933, as amended
and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934, as amended
Subject Company: Unilever PLC
(Commission File No. 001-04546)<\/p>\n
\u00a0<\/p>\n
Date: July 23, 2026<\/p>\n
\u00a0<\/p>\n
McCormick Announces Operating Model, Executive
\nTeam, and Secondary Listing Location for Combined Company<\/p>\n
\u00a0<\/p>\n
Combined Company to be Organized into Four Commercial
\nDivisions Grounded in Flavor Leadership: Americas Consumer, International Consumer, Global Food Service, and Global Flavor<\/p>\n
\u00a0<\/p>\n
Combined Executive Team to Bring Together Top
\nGlobal Talent from Both Businesses<\/p>\n
\u00a0<\/p>\n
Combined Company to Reflect Global Presence
\nwith Secondary Listing on London Stock Exchange and International Headquarters in the Netherlands<\/p>\n
\u00a0<\/p>\n
HUNT VALLEY, Md.,\u00a0July 23, 2026\u00a0\/PRNewswire\/ —\u00a0McCormick
\n& Company, Incorporated\u00a0(NYSE: MKC) (“McCormick”), today announces the planned operating model, Executive Team, and
\nsecondary listing location for the company following the closing of its proposed combination with Unilever\u2019s Foods business (\u201cUnilever
\nFoods\u201d)1, which is expected by mid-2027.<\/p>\n
\u00a0<\/p>\n
Brendan Foley, Chairman, President and Chief Executive Officer of McCormick,
\nsaid, \u201cFirst and foremost, I want to thank the dedicated integration planning teams for their diligent work. Our significant progress
\nto date is a testament to McCormick\u2019s unique track record and learnings from past integrations, the deep expertise from both organizations,
\nand our collective focus on creating a differentiated global flavor leader.\u201d<\/p>\n
\u00a0<\/p>\n
“Our planned operating model is designed to place consumers and
\ncustomers at the center of the combined business, enabling disciplined execution, enhanced innovation, and sustainable long-term growth,
\nwhile supporting a rewarding employee experience. Our anticipated Executive Team will bring together proven leaders from both McCormick
\nand Unilever Foods, from a diverse set of backgrounds and skill sets, and with deep knowledge of our brands, categories, customers, and
\ngeographies, positioning us well to capitalize on our expanded global platform, realize expected synergies, and create value for all stakeholders.\u201d<\/p>\n
\u00a0<\/p>\n
\u201cFurther, we are pleased to confirm, complementing our New York
\nStock Exchange listing, McCormick intends to seek a secondary listing on the London Stock Exchange. This, in combination with our International
\nHeadquarters and commitment to Unilever\u2019s world-leading R&D facilities in the Netherlands and our Global Headquarters in Hunt
\nValley, Maryland, reinforces the global nature of the combined operations and positions us for ongoing success.\u201d<\/p>\n
\u00a0<\/p>\n
Operating Model <\/p>\n
\u00a0<\/p>\n
Effective\u00a0upon the transaction closing, McCormick will reorganize
\ninto four commercial divisions that are expected to be the reportable segments of the combined company:<\/p>\n
\u00a0<\/p>\n
\u25cfInternational
\nConsumer<\/p>\n
\u00a0<\/p>\n
1 Unilever
\nFoods refers to the Foods business of Unilever PLC (\u201cUnilever\u201d), excluding Unilever’s food business in India, Nepal, and
\nPortugal; its Lifestyle & Nutrition business; its Buavita business; and its Lipton Ready-to-Drink business.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
The Consumer business, which encompasses the combined company\u2019s
\nretail sales of herbs, spices, seasonings, cooking aids, condiments, and sauces, will be organized into two geographic divisions, reflecting
\nits scale. The structure has been designed to enhance the combined company\u2019s reach, strengthen its global brands tailored to local
\nmarkets, and elevate the combined company\u2019s innovation and product development capabilities. Americas Consumer will have
\n$8 billion2 in 2025 in annual sales
\nacross North, Central, and South America. International Consumer will have $7 billion2 in 2025 annual sales across
\nthe rest of the world, including the EMEA and APAC regions.<\/p>\n
\u00a0<\/p>\n
Global Food Service will have $4 billion2 in 2025
\nin annual sales and provides a wide range of flavor products to operators of restaurants and in other away-from-home channels. This division
\nwill unite the unique capabilities of both businesses \u2013 Unilever\u2019s expertise in back-of-house food service and chef-to-chef
\nculinary capabilities and McCormick\u2019s expertise in brand-driven front-of-house.<\/p>\n
\u00a0<\/p>\n
The Global Flavor division will have $2.5 billion2
\nin 2025 in annual sales and provides customized specialty flavors, seasonings, condiments, and coatings to global food, beverage, and
\nconsumer health companies, as well as restaurant chains. This division recognizes flavor as a critical global business with distinctive
\ncapabilities, strong customer relationships, and growth potential. By connecting customer needs, consumer insights, and technical expertise
\nacross markets, the Global Flavor division will accelerate innovation and deliver differentiated solutions that create value for customers
\naround the world.<\/p>\n
\u00a0<\/p>\n
The commercial divisions will be supported by robust functions, organized
\nfor growth, scale, and disciplined execution. These functions will drive global efficiency and deliver best-in-class processes and standards
\nacross the combined organization.<\/p>\n
\u00a0<\/p>\n
Andrew Foust, McCormick\u2019s Chief Integration Officer, said, \u201cI
\nam proud of the diligent execution and collaboration by our integration planning teams to lay the foundation for the combined company.
\nThe strong cultural alignment between our businesses reinforces our conviction in the strategic merits of this combination, and I am confident
\nwe have the right structure and leadership to execute on a successful integration upon closing.\u201d<\/p>\n
\u00a0<\/p>\n
Following transaction closing, the combined company\u2019s Integration
\nManagement Office will remain in place, with a dedicated senior leadership team that will oversee the execution of key integration goals
\nby each commercial division. The office will also focus on overseeing an efficient exit from transition services agreements (\u201cTSAs\u201d),
\nwhich will generally last up to 24 months following transaction closing, as well as synergy realization and the development of a unified
\norganizational culture.<\/p>\n
\u00a0<\/p>\n
As previously shared, McCormick plans to provide further detail on
\nanticipated revenue and cost synergies, as well as the anticipated scope of the TSAs, by the end of the third quarter.<\/p>\n
\u00a0<\/p>\n
Executive Team<\/p>\n
\u00a0<\/p>\n
As previously announced, upon transaction closing, Brendan Foley will
\nremain Chairman, President and Chief Executive Officer, and\u00a0Marcos Gabriel\u00a0will remain Executive Vice President and Chief Financial
\nOfficer, of McCormick.<\/p>\n
\u00a0<\/p>\n
In alignment with the planned operating model, McCormick is pleased
\nto announce the remainder of the combined company\u2019s expected Executive Team, also effective upon the transaction closing. The leadership
\nteam reflects a balanced blend of talent drawn from both Unilever Foods and McCormick, bringing together proven leaders with a shared
\npassion for creating a global leader in flavor and is representative of the combined company’s global footprint.<\/p>\n
\u00a0<\/p>\n
2 Combined
\nsales figure represents McCormick\u2019s net sales for the fiscal year ended November 30, 2025, and Unilever Foods net sales based on
\n2025 preliminary carve-out financial information, prepared under IFRS and translated from EUR to USD at the Unilever 2025 average rate
\nof ($1.124:\u20ac1.00). FY25 reflects McCormick\u2019s business including McCormick de Mexico and Unilever Foods\u2019 business excluding
\nbusiness in India, Nepal and Portugal; its Lifestyle & Nutrition business; its Buavita business; and its Lipton Ready-to-Drink business
\n(together, \u201cExcluded Businesses\u201d). Unilever Foods’ sales and other metrics are based on management estimates.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
Subject to the closing of the transaction, the following individuals
\nare expected to serve in the roles set forth below:<\/p>\n
\u00a0<\/p>\n
Division Leaders:<\/p>\n
\u00a0<\/p>\n
Andrew Foust, EVP, President Americas Consumer<\/p>\n
\u00a0<\/p>\n
Heiko Schipper, EVP, President International Consumer<\/p>\n
\u00a0<\/p>\n
Nuria Hernandez, EVP, President Global Food Service<\/p>\n
\u00a0<\/p>\n
Suzanne Roy, EVP, President Global Flavor<\/p>\n
\u00a0<\/p>\n
Function Leaders: <\/p>\n
\u00a0<\/p>\n
Tabata Gomez, EVP Chief Growth & Global Marketing Officer<\/p>\n
\u00a0<\/p>\n
Jennifer Han, EVP, Chief Supply Chain Officer<\/p>\n
\u00a0<\/p>\n
Guy Peri, EVP, Chief Information & Digital Officer<\/p>\n
\u00a0<\/p>\n
Sarah Piper, EVP, Chief Human Resources Officer<\/p>\n
\u00a0<\/p>\n
Jeff Schwartz, EVP, Chief Legal Officer<\/p>\n
\u00a0<\/p>\n
Heike Steiling, EVP, Chief R&D Officer<\/p>\n
\u00a0<\/p>\n
These leaders will be based across McCormick\u2019s Global Headquarters
\nin Hunt Valley, Maryland and the company\u2019s International Headquarters in the Netherlands. More information about each of these
\nexecutives is available at globalflavorleader.com.<\/p>\n
\u00a0<\/p>\n
Secondary Listing and International Headquarters<\/p>\n
\u00a0<\/p>\n
To complement its existing NYSE listing, McCormick intends to seek
\na secondary listing and admission of its shares to trading on the London Stock Exchange at closing3. This will facilitate
\ncapital flows and enhance overall liquidity for shareholders. This selection follows McCormick\u2019s and Unilever\u2019s commitment
\nat transaction announcement to plan a secondary stock listing in Europe to reflect the global nature of Unilever’s current shareholder
\nbase.<\/p>\n
\u00a0<\/p>\n
As previously announced, the combined company will also have an International
\nHeadquarters and maintain substantial presence in the Netherlands, where Unilever Foods has a long-standing presence and world-leading
\nR&D capability that supports deep sector expertise.<\/p>\n
\u00a0<\/p>\n
McCormick will retain its primary stock listing on the New York Stock
\nExchange, and its Global Headquarters will remain in Hunt Valley, Maryland.<\/p>\n
\u00a0<\/p>\n
3 The
\nshares would be admitted to the equity shares (international commercial companies secondary listing) category of the Official List maintained
\nby the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
About McCormick<\/p>\n
\u00a0<\/p>\n
McCormick & Company, Incorporated\u00a0is a global leader in flavor.
\nWith approximately\u00a0$7 billion\u00a0in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs,
\nspices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and food service
\nbusinesses. Our most popular brands with trademark registrations include McCormick, French’s, Frank’s RedHot, Stubb’s, OLD BAY, Lawry’s,
\nZatarain’s, Ducros, Vahin\u00e9,\u00a0Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane,\u00a0Gourmet Garden, FONA and Giotti.
\nThe breadth and reach of our portfolio uniquely position us to capitalize on the consumer demand for flavor in every sip and bite, through
\nour products and our customers’ products. We operate in two segments, Consumer and Flavor Solutions, which complement each other and reinforce
\nour differentiation. The scale, insights, and technology that we leverage from both segments are meaningful in driving sustainable growth.<\/p>\n
\u00a0<\/p>\n
Founded in 1889 and headquartered in\u00a0Hunt Valley, Maryland\u00a0USA,
\nMcCormick is committed to its Purpose \u2013 To Make Life More Flavorful \u2013 and driven by its Vision – To be the World’s Most Trusted
\nSource of Flavor.<\/p>\n
\u00a0<\/p>\n
To learn more, visit:\u00a0globalflavorleader.com,
\nwww.mccormickcorporation.com\u00a0or follow\u00a0McCormick
\n& Company\u00a0on Instagram and LinkedIn.<\/p>\n
\u00a0<\/p>\n
For information contact:<\/p>\n
\u00a0<\/p>\n
Investor Relations:
Faten Freiha\u00a0–\u00a0faten_freiha@mccormick.com<\/p>\n
\u00a0<\/p>\n
Global Communications:<\/p>\n
Jill Marvin – jill_marvin@mccormick.com<\/p>\n
\u00a0<\/p>\n
Media Relations:<\/p>\n
MKCmedia@fticonsulting.com<\/p>\n
\u00a0<\/p>\n
McCormick Cautionary Statement Regarding Forward Looking Statements<\/p>\n
\u00a0<\/p>\n
Certain information contained in this document that are not statements
\nof historical or current fact constitute \u201cforward-looking statements\u201d within the meaning of Section 21E of the Securities
\nExchange Act of 1934. These statements may be identified by the use of words such as \u201cwill,\u201d \u201caim,\u201d \u201cexpects,\u201d
\n\u201canticipates,\u201d \u201cintends,\u201d \u201clooks,\u201d \u201cbelieves,\u201d \u201cvision,\u201d \u201cambition,\u201d
\n\u201ctarget,\u201d \u201cgoal,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cwork towards,\u201d \u201cmay,\u201d
\n\u201cmilestone,\u201d \u201cobjectives,\u201d \u201coutlook,\u201d \u201cprobably,\u201d \u201cproject,\u201d \u201crisk,\u201d
\n\u201ccontinue,\u201d \u201cshould,\u201d \u201cwould be,\u201d \u201cseeks,\u201d or the negative of these terms and other similar
\nexpressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements.
\nForward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of McCormick. The
\nforward-looking statements contained in this document include, without limitation, the anticipated benefits of, and our plans, strategies
\nand objectives relating to, the pending transaction with Unilever Foods.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
These and other forward-looking statements are based on management\u2019s
\ncurrent views and assumptions. They are not historical facts, nor are they guarantees of future performance or outcomes. Many risks, uncertainties
\nand other factors could cause actual future events to differ materially from the forward-looking statements in this communication, including,
\nbut not limited to: (i) the parties\u2019 ability to meet expectations regarding the timing, completion and accounting and tax treatments
\nof the transaction, including changes in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance
\nthat could give rise to the termination of the transaction agreement; (ii) the failure to obtain necessary regulatory approvals, approval
\nof our shareholders, anticipated tax treatment or any required financing, or to satisfy any of the other conditions to the transaction,
\nincluding the risks that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction,
\nmay require conditions, limitations or restrictions in connection with such approvals or that such regulatory approvals may result in
\nthe imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; (iii) the risk
\nthat the proposed transaction may not be completed on the terms or in the time frame expected by the parties, or at all; (iv) direct transaction
\ncosts and substantial transition and integration-related costs associated with the proposed transaction with Unilever Foods; (v) the possibility
\nthat unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness,
\nfinancial condition, losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely
\nimpact anticipated combined company metrics and\/or the value or expected benefit of, timing or pursuit of the transaction; (vi) the risks
\nand costs of the pursuit and\/or implementation of the anticipated separation of Unilever Foods\u2019 business, including the anticipated
\ntiming required to complete the separation, any adjustment to the terms of the transaction and any changes to the configuration of the
\nbusinesses included in the separation if implemented; (vii) uncertainties as to McCormick\u2019s access to available financing to consummate
\nthe transaction upon acceptable terms and on a timely basis or at all; (viii) the failure to obtain the effectiveness of the registration
\nstatements for the transaction or receipt of McCormick shareholder approval for the transaction and certain related matters; (ix) the
\nrisk that combined company financial information relating to the transaction, including anticipated combined company revenues, earnings,
\ncash flows, capital expenditures, indebtedness and other financial metrics of the combined company; (x) the risk that the anticipated
\nownership percentages of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction may differ
\nfrom those expected; (xi) the effect of the announcement or pendency of the transaction on Unilever Foods\u2019 or McCormick\u2019s
\nbusiness relationships, competition, business, financial condition and operating results, including risks that the transaction disrupts
\ncurrent plans and operations of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel,
\nrisks related to diverting either management team\u2019s attention from ongoing business operations, and risks associated with third-party
\ncontracts containing consent and\/or other provisions that may be triggered by the transaction; (xii) the ability of McCormick to successfully
\nintegrate Unilever Foods\u2019 operations and implement its plans, forecasts and other expectations with respect to Unilever Foods\u2019
\nbusiness or the combined business after the closing of the transaction; (xiii) the ability of McCormick to manage additional debt and
\nsuccessfully de-lever following the transaction; and (xiv) the outcome of any legal proceedings that may be instituted against Unilever
\nFoods or McCormick related to the transaction; and other risks described in the company\u2019s filings with the Securities and Exchange
\nCommission (\u201cSEC\u201d), including McCormick\u2019s Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly
\nReport on Form 10-Q for the quarter ended February 28, 2026. Actual results could differ materially from those projected in the forward-looking
\nstatements. The company undertakes no obligation to update or revise publicly, any forward-looking statements, whether as a result of
\nnew information, future events or otherwise, except as may be required by law.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
Unilever Cautionary Statement Regarding Forward Looking Statements<\/p>\n
\u00a0<\/p>\n
This document may contain forward-looking statements within the meaning
\nof the securities laws of certain jurisdictions, including \u2018forward-looking statements\u2019 within the meaning of the United States
\nPrivate Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are, or may be deemed to be,
\nforward-looking statements. Words and terminology such as \u2018will\u2019, \u2018aim\u2019, \u2018expects\u2019, \u2018anticipates\u2019,
\n\u2018intends\u2019, \u2018looks\u2019, \u2018believes\u2019, \u2018vision\u2019, \u2018ambition\u2019, \u2018target\u2019,
\n\u2018goal\u2019, \u2018plan\u2019, \u2018potential\u2019, \u2018work towards\u2019, \u2018may\u2019, \u2018milestone\u2019,
\n\u2018objectives\u2019, \u2018outlook\u2019, \u2018probably\u2019, \u2018project\u2019, \u2018risk\u2019, \u2018continue\u2019,
\n\u2018should\u2019, \u2018would be\u2019, \u2018seeks\u2019, or the negative of these terms and other similar expressions of future
\nperformance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward-looking
\nstatements also include, but are not limited to, statements and information regarding the pending transaction of Unilever Foods with McCormick.
\nForward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of the Unilever Group.
\nThese forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors
\naffecting the Unilever Group. They are not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking
\nstatements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained in this section.
\nReaders should not place undue reliance on forward-looking statements. Because these forward-looking statements involve known and unknown
\nrisks and uncertainties, a number of which may be beyond the Unilever Group\u2019s control, there are important factors that could cause
\nactual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties,
\nthe material or principal factors which could cause actual results to differ materially from the forward-looking statements expressed
\nin this announcement are: the parties\u2019 ability to meet expectations regarding the timing, completion and accounting and tax treatments
\nof the transaction, including changes in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance
\nthat could give rise to the termination of the transaction agreement, the failure to obtain necessary regulatory approvals, approval of
\nMcCormick shareholders, anticipated tax treatment or any required financing, or to satisfy any of the other conditions to the transaction,
\nincluding the risks that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction,
\nmay require conditions, limitations or restrictions in connection with such approvals or that such regulatory approvals may result in
\nthe imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; the risk that
\nthe proposed transaction may not be completed on the terms or in the time frame expected by the parties, or at all; direct transaction
\ncosts and substantial transition and integration-related costs associated with the proposed transaction with Unilever Foods; the possibility
\nthat unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness,
\nfinancial condition, losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely
\nimpact anticipated combined company metrics and\/or the value or expected benefit of, timing or pursuit of the transaction, the risk that
\nthe anticipated ownership percentages of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction
\nmay differ from those expected, the risks and costs of the pursuit and\/or implementation of the anticipated separation of Unilever Foods\u2019
\nbusiness, including the anticipated timing required to complete the separation, any adjustment to the terms of the transaction and any
\nchanges to the configuration of the businesses included in the separation if implemented, uncertainties as to McCormick\u2019s access
\nto available financing to consummate the transaction upon acceptable terms and on a timely basis or at all, the failure to obtain the
\neffectiveness of the registration statements for the transaction or receipt of McCormick shareholder approval for the transaction and
\ncertain related matters, the effect of the announcement or pendency of the transaction on Unilever Foods\u2019 or McCormick\u2019s business
\nrelationships, competition, business, financial condition and operating results, including risks that the transaction disrupts current
\nplans and operations of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel, risks
\nrelated to diverting either management team\u2019s attention from ongoing business operations, and risks associated with third-party
\ncontracts containing consent and\/or other provisions that may be triggered by the transaction; the ability of McCormick to successfully
\nintegrate Unilever Foods\u2019 operations and implement its plans, forecasts and other expectations with respect to Unilever Foods\u2019
\nbusiness or the combined business after the closing of the transaction; the ability of McCormick to manage additional debt and successfully
\nde-lever following the transaction; the outcome of any legal proceedings that may be instituted against Unilever Foods or McCormick related
\nto the transaction; Unilever’ ability to innovate and remain competitive; Unilever’ investment choices in its portfolio management; the
\neffect of climate change on Unilever’ business; Unilever’ ability to find sustainable solutions to its plastic packaging; significant
\nchanges or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in Unilever’ supply
\nchain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high-quality
\nproducts; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic,
\nsocial and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory,
\ntax and legal matters and practices with regard to the interpretation and application thereof and emerging and developing ESG reporting
\nstandards including differences in implementation of climate and sustainability policies in the regions where the Unilever Group operates.
\nRisk with respect to McCormick are further described in its filings with the US Securities and Exchange Commission (\u201cSEC\u201d),
\nincluding McCormick\u2019s Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the
\nquarter ended February 28, 2026. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance,
\ntaking into account all information currently available to us. Forward-looking statements are not predictions of future events. These
\nbeliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. If
\na change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our
\nforward-looking statements. The forward-looking statements speak only as of the date of this announcement. Except as required by any applicable
\nlaw or regulation, the Unilever Group expressly disclaims any intention, obligation or undertaking to release publicly any updates or
\nrevisions to any forward-looking statements contained herein to reflect any change in the Unilever Group\u2019s expectations with regard
\nthereto or any change in events, conditions or circumstances on which any such statement is based. New risks and uncertainties arise over
\ntime, and it is not possible for us to predict those events or how they may affect us. In addition, we cannot assess the impact of each
\nfactor on our business or the extent to which any factor, or combination of factors, may cause actual events, to differ materially from
\nthose contained in any forward-looking statements. Further details of potential risks and uncertainties affecting the Unilever Group are
\ndescribed in the Unilever Group\u2019s filings with the London Stock Exchange, Euronext Amsterdam and the SEC, including in the Annual
\nReport on Form 20-F 2025 and the Unilever Annual Report and Accounts 2025.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
No Offer or Solicitation<\/p>\n
\u00a0<\/p>\n
This document is for informational purposes only and is not intended
\nto and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of
\nany vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be
\nunlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be
\nmade, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.<\/p>\n
\u00a0<\/p>\n
Important Information and Where to Find It <\/p>\n
\u00a0<\/p>\n
This
\ndocument relates to a proposed transaction among McCormick, Unilever and Unilever Foods. The parties intend to file relevant materials
\nwith the SEC, including, among other filings, a registration statement on Form S-4 to be filed by McCormick with the SEC, which will
\ninclude a document that serves as a proxy statement\/prospectus of McCormick in connection with the anticipated separation of Unilever
\nFoods from Unilever and combination with McCormick, and a registration statement on Form 10 to be filed by Unilever Foods entity that
\nserve as an information statement\/prospectus in connection with the spin-off of Unilever Foods from Unilever. Each party will also file
\nother documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS,
\nINFORMATION STATEMENTS, PROXY STATEMENT\/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION
\nWITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN
\nTHEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. <\/p>\n
\u00a0<\/p>\n
Investors
\nand security holders will be able to obtain free copies of the registration statement, proxy statement\/prospectus and all other relevant
\ndocuments filed or that will be filed with the SEC by McCormick, Unilever Foods or Unilever through the website maintained by the SEC
\nat www.sec.gov.\n<\/p>\n
\u00a0<\/p>\n
The documents filed by McCormick with the SEC also may be obtained
\nfree of charge at McCormick\u2019s website at https:\/\/ir.mccormick.com\/ or upon written request to McCormick & Company, Incorporated,
\n24 Schilling Road, Suite 1, Hunt Valley, Maryland 21031, Attention: Investor Relations Department. The documents filed by Unilever Foods
\nor Unilever with the SEC also may be obtained free of charge upon written request to Unilever, Investor Relations Department, 100 Victoria
\nEmbankment, London EC4Y 0DY, United Kingdom.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
Participants in Solicitation<\/p>\n
\u00a0<\/p>\n
McCormick and Unilever and their respective directors and executive
\nofficers may be deemed to be participants in the solicitation of proxies from McCormick\u2019s shareholders in connection with the proposed
\ntransaction. Information about McCormick\u2019s directors and executive officers and their ownership of McCormick\u2019s common stock
\nis set forth in McCormick\u2019s proxy statement for its 2025 Annual Meeting of Shareholders on Schedule 14A filed with the SEC on February
\n18, 2026. To the extent that holdings of McCormick\u2019s securities have changed since the amounts printed in McCormick\u2019s proxy
\nstatement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information
\nregarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction
\nmay be obtained by reading the proxy statement\/prospectus regarding the proposed transaction when it becomes available. Information about
\nthe directors and executive officers of Unilever is set forth in its Annual Report on Form 20-F for the year ended December 31, 2025,
\nwhich was filed with the SEC on March 12, 2026. You may obtain free copies of these documents as described in the preceding paragraph.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 Filed by McCormick & Company, Incorporatedpursuant to Rule 425 under the Securities Act of 1933, as amendedand…\n","protected":false},"author":2,"featured_media":89085,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20694],"tags":[38436,38438,321,20954,16905,38411,38437,12213,38410,38371],"class_list":["post-89202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-unilever","tag-flavor-divisions","tag-integration-management-office","tag-london-stock-exchange","tag-mccormick","tag-merger","tag-secondary-listing","tag-transition-services","tag-unilever","tag-unilever-foods","tag-unlyf"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116972094922488286","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/89202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=89202"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/89202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/89085"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=89202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=89202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=89202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}