<SEC-DOCUMENT>0001999371-26-015711.txt : 20260723
<SEC-HEADER>0001999371-26-015711.hdr.sgml : 20260723
<ACCEPTANCE-DATETIME>20260723165258
ACCESSION NUMBER:		0001999371-26-015711
CONFORMED SUBMISSION TYPE:	425
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20260723
DATE AS OF CHANGE:		20260723

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNILEVER PLC
		CENTRAL INDEX KEY:			0000217410
		STANDARD INDUSTRIAL CLASSIFICATION:	SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		425
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04546
		FILM NUMBER:		261197681

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		UNILEVER HOUSE
		STREET 2:		100 VICTORIA EMBANKMENT
		CITY:			LONDON
		NON US STATE TERRITORY:  	ENGLAND
		PROVINCE COUNTRY:   	X0
		ZIP:			EC4Y 0DY
		BUSINESS PHONE:		447557030211

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		UNILEVER HOUSE
		STREET 2:		100 VICTORIA EMBANKMENT
		CITY:			LONDON
		NON US STATE TERRITORY:  	ENGLAND
		PROVINCE COUNTRY:   	X0
		ZIP:			EC4Y 0DY

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNILEVER LTD
		DATE OF NAME CHANGE:	19820429

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCCORMICK & CO INC
		CENTRAL INDEX KEY:			0000063754
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				520408290
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		425

	BUSINESS ADDRESS:	
		STREET 1:		24 SCHILLING ROAD
		STREET 2:		SUITE 1
		CITY:			HUNT VALLEY
		STATE:			MD
		ZIP:			21031
		BUSINESS PHONE:		4107717301

	MAIL ADDRESS:	
		STREET 1:		24 SCHILLING ROAD
		STREET 2:		SUITE 1
		CITY:			HUNT VALLEY
		STATE:			MD
		ZIP:			21031

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCCORMICK & CO
		DATE OF NAME CHANGE:	19660620
</SEC-HEADER>
<DOCUMENT>
<TYPE>425
<SEQUENCE>1
<FILENAME>mkcv-425_072326.htm
<DESCRIPTION>RULE 425 OF CERTAIN PROSPECTUSES AND COMMUNICATION
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 35%">&nbsp;</TD>
  <TD STYLE="width: 65%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Filed by McCormick &amp; Company, Incorporated</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">pursuant to Rule 425 under the Securities Act of 1933,
as amended</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">and deemed filed pursuant to Rule 14a-12 of the Securities
Exchange Act of 1934, as amended</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Subject Company: Unilever PLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(Commission File No. 001-04546)</P>

</TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Date: July 23, 2026</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><IMG SRC="mkcv425_001.jpg" ALT="" STYLE="height: 0.65in; width: 0.76in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">McCormick
&amp; Co., Inc.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">24 Schilling
Road, Suite 1 <BR>
Hunt Valley, MD 21031</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11pt 0 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">July 23,
2026</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6.95pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">All,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Today marks an important milestone in our planning for
the combination with Unilever Foods, and I wanted to share the highlights with you directly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Earlier
today, we announced the planned operating model, Executive Team, and secondary listing location for the combined company. These changes
would become effective following the closing of the transaction, which is expected by mid-2027, subject to shareholder approval, required
regulatory approvals, and other customary closing conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">These decisions
are important because they define how we intend to lead the combined business, serve customers around the world, and begin preparing
to deliver the value we see in this combination. I have summarized the key points below, and the full announcement is available <FONT>here</FONT>.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Operating
Model</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 7.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">We plan to evolve our Consumer and Flavor Solutions segments into four commercial
divisions, giving the combined company greater focus and scale as a global leader in flavor.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.8in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><B>Americas Consumer</B> will have approximately $8 billion<SUP>1</SUP> in annual
sales of spices, seasonings, cooking aids, condiments, and sauces across North, Central, and South America</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.65pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.8in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><B>International Consumer </B>will have approximately $7 billion<SUP>1</SUP> in
annual sales of spices, seasonings, cooking aids, condiments, and sauces across the rest of the world, including the EMEA and APAC regions</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.8in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><B>Global Food Service</B> will have approximately $4 billion<SUP>1</SUP> in annual
sales and provide a wide range of flavor products to operators of restaurants and in other away-from-home channels.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.65pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.8in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD><B>Global Flavor </B>will have approximately $2.5 billion<SUP>1</SUP> in annual sales and provide customized
specialty flavors, seasonings, condiments, and coatings to global food, beverage, and consumer health companies, as well as restaurant
chains.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.7pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The commercial divisions will be supported by robust corporate functions, organized for growth, scale,
and disciplined execution.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0">___________________&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><SUP>1</SUP>
Combined sales figure represents McCormick&rsquo;s net sales for the fiscal year ended November 30, 2025, and Unilever Foods based on
2025 preliminary carve-out financial information, prepared under IFRS and translated from EUR to USD at the Unilever 2025 average rate
of ($1.124:&euro;1.00). FY25 reflects McCormick&rsquo;s business including McCormick de Mexico and Unilever Foods&rsquo; business excluding
business in India, Nepal and Portugal; its Lifestyle &amp; Nutrition business; its Buavita business; and its Lipton Ready-to-Drink business
(together, &ldquo;Excluded Businesses&rdquo;). Unilever Foods' sales and other metrics are based on management estimates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0.05in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0.05in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0.05in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Executive
Team</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">As previously
announced, I will continue as Chairman, President and Chief Executive Officer of McCormick, and Marcos Gabriel will remain Executive
Vice President and Chief Financial Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">In alignment
with the planned new operating model, we have selected a leadership team that spans the commercial divisions and global functions. The
team brings together proven leaders from both McCormick and Unilever Foods. It reflects the global scale of the combined company and
the capabilities needed to deliver on the opportunities ahead.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Subject
to the completion of the combination, it is expected that the following leaders will serve as part of the Executive Team in the following
roles:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Division
Leaders:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Andrew Foust, EVP, President Americas Consumer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Heiko Schipper, EVP, President International Consumer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 5.95pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Nuria Hernandez, EVP, President Global Food Service</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 5.95pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Suzanne Roy, EVP, President Global Flavor</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Function
Leaders:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Tabata Gomez, EVP, Chief Growth &amp; Global Marketing Officer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 5.9pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Heike Steiling, EVP, Chief R&amp;D Officer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.1pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Jennifer Han, EVP, Chief Supply Chain Officer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 5.95pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Guy Peri, EVP, Chief Information &amp; Digital Officer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 5.95pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Jeff Schwartz, EVP, Chief Legal Officer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 5.9pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Sarah Piper, EVP, Chief Human Resources Officer</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Details
on each member can be found on our website <FONT>globalflavorleader.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Secondary
Listing</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">To complement
our existing New York Stock Exchange (NYSE) listing and reinforce the global nature of the combined operations, we intend to apply for
a secondary listing of McCormick&rsquo;s shares on the London Stock Exchange. McCormick&rsquo;s primary stock listing will remain on
the NYSE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">International
Headquarters</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">As previously
announced, to support its non-U.S. business, the combined company will also have an International Headquarters and maintain a substantial
presence in the Netherlands, where Unilever Foods has long-standing operations and world-class R&amp;D capabilities. Importantly, our
Global Headquarters will remain in Hunt Valley, Maryland.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6.95pt 0.85in 0 0.05in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6.95pt 0.85in 0 0.05in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Next
Steps</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">I am committed
to keeping you informed as integration plans progress. I expect to share additional details on revenue and cost synergies, as well as
the scope of the Transition Service Agreements (TSAs), by the end of September 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">As always,
thank you for your continued support of McCormick.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10.3pt 0 0"></P>

<P STYLE="margin: 0"><IMG SRC="mkcv425_002.jpg" ALT="" STYLE="width: 170px; height: 66px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Brendan
Foley</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Chairman,
President and CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><U>McCormick
Cautionary Statement Regarding Forward Looking Statements</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Certain
information contained in this document that are not statements of historical or current fact constitute &ldquo;forward-looking statements&rdquo;
within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such
as &ldquo;will,&rdquo; &ldquo;aim,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;intends,&rdquo; &ldquo;looks,&rdquo;
&ldquo;believes,&rdquo; &ldquo;vision,&rdquo; &ldquo;ambition,&rdquo; &ldquo;target,&rdquo; &ldquo;goal,&rdquo; &ldquo;plan,&rdquo; &ldquo;potential,&rdquo;
&ldquo;work towards,&rdquo; &ldquo;may,&rdquo; &ldquo;milestone,&rdquo; &ldquo;objectives,&rdquo; &ldquo;outlook,&rdquo; &ldquo;probably,&rdquo;
&ldquo;project,&rdquo; &ldquo;risk,&rdquo; &ldquo;continue,&rdquo; &ldquo;should,&rdquo; &ldquo;would be,&rdquo; &ldquo;seeks,&rdquo;
or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives,
are intended to identify such forward-looking statements. Forward-looking statements can be made in writing but also may be made verbally
by directors, officers and employees of McCormick. The forward-looking statements contained in this document include, without limitation,
the anticipated benefits of, and our plans, strategies and objectives relating to, the pending transaction with Unilever Foods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">These and
other forward-looking statements are based on management&rsquo;s current views and assumptions. They are not historical facts, nor are
they guarantees of future performance or outcomes. Many risks, uncertainties and other factors could cause actual future events to differ
materially from the forward-looking statements in this communication, including, but not limited to: (i) the parties&rsquo; ability to
meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, including changes in relevant
tax and other applicable laws, and the occurrence of any event, change or other circumstance that could give rise to the termination
of the transaction agreement; (ii) the failure to obtain necessary regulatory approvals, approval of our shareholders, anticipated tax
treatment or any required financing, or to satisfy any of the other conditions to the transaction, including the risks that a governmental
entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, may require conditions, limitations or
restrictions in connection with such approvals or that such regulatory approvals may result in the imposition of conditions that could
adversely affect the combined company or the expected benefits of the transaction; (iii) the risk that 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 costs and substantial transition
and integration-related costs associated with the proposed transaction with Unilever Foods; (v) the possibility that unforeseen liabilities,
future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition,
losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely impact anticipated
combined company metrics and/or the value or expected benefit of, timing or pursuit of the transaction; (vi) the risks and costs of the
pursuit and/or implementation of the anticipated separation of Unilever Foods&rsquo; business, including the anticipated timing required
to complete the separation, any adjustment to the terms of the transaction and any changes to the configuration of the businesses included
in the separation if implemented; (vii) uncertainties as to McCormick&rsquo;s access to available financing to consummate the transaction
upon acceptable terms and on a timely basis or at all; (viii) the failure to obtain the effectiveness of the registration statements
for the transaction or receipt of McCormick shareholder approval for the transaction and certain related matters; (ix) the risk that
combined company financial information relating to the transaction, including anticipated combined company revenues, earnings, cash flows,
capital expenditures, indebtedness and other financial metrics of the combined company; (x) the risk that the anticipated ownership percentages
of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction may differ from those expected;
(xi) the effect of the announcement or pendency of the transaction on Unilever Foods&rsquo; or McCormick&rsquo;s business relationships,
competition, business, financial condition and operating results, including risks that the transaction disrupts current plans and operations
of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel, risks related to diverting
either management team&rsquo;s attention from ongoing business operations, and risks associated with third-party contracts containing
consent and/or other provisions that may be triggered by the transaction; (xii) the ability of McCormick to successfully integrate Unilever
Foods&rsquo; operations and implement its plans, forecasts and other expectations with respect to Unilever Foods&rsquo; business or the
combined business after the closing of the transaction; (xiii) the ability of McCormick to manage additional debt and successfully de-lever
following the transaction; and (xiv) the outcome of any legal proceedings that may be instituted against Unilever Foods or McCormick
related to the transaction; and other risks described in the company&rsquo;s filings with the Securities and Exchange Commission (&ldquo;SEC&rdquo;),
including McCormick&rsquo;s Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the
quarter ended February 28, 2026. Actual results could differ materially from those projected in the forward-looking statements. The company
undertakes no obligation to update or revise publicly, any forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><U>Unilever
Cautionary Statement Regarding Forward Looking Statements</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">This document
may contain forward-looking statements within the meaning of the securities laws of certain jurisdictions, including &lsquo;forward-looking
statements&rsquo; within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are, or may be deemed to be, forward-looking statements. Words and terminology such as &lsquo;will&rsquo;,
&lsquo;aim&rsquo;, &lsquo;expects&rsquo;, &lsquo;anticipates&rsquo;, &lsquo;intends&rsquo;, &lsquo;looks&rsquo;, &lsquo;believes&rsquo;,
&lsquo;vision&rsquo;, &lsquo;ambition&rsquo;, &lsquo;target&rsquo;, &lsquo;goal&rsquo;, &lsquo;plan&rsquo;, &lsquo;potential&rsquo;,
&lsquo;work towards&rsquo;, &lsquo;may&rsquo;, &lsquo;milestone&rsquo;, &lsquo;objectives&rsquo;, &lsquo;outlook&rsquo;, &lsquo;probably&rsquo;,
&lsquo;project&rsquo;, &lsquo;risk&rsquo;, &lsquo;continue&rsquo;, &lsquo;should&rsquo;, &lsquo;would be&rsquo;, &lsquo;seeks&rsquo;,
or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives,
are intended to identify such forward-looking statements. Forward-looking statements also include, but are not limited to, statements
and information regarding the pending transaction of Unilever Foods with McCormick. Forward-looking statements can be made in writing
but also may be made verbally by directors, officers and employees of the Unilever Group. These forward-looking statements are based
upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group. They are
not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking statements contained in this announcement
are expressly qualified in their entirety by the cautionary statements contained in this section. Readers should not place undue reliance
on forward-looking statements. Because these forward-looking statements involve known and unknown risks and uncertainties, a number of
which may be beyond the Unilever Group&rsquo;s control, 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 from the forward-looking statements expressed in this announcement are: the parties&rsquo;
ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, including changes
in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance that could give rise to the
termination of the transaction agreement, the failure to obtain necessary regulatory approvals, approval of McCormick shareholders, anticipated
tax treatment or any required financing, or to satisfy any of the other conditions to the transaction, including the risks that a governmental
entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, may require conditions, limitations or
restrictions in connection with such approvals or that such regulatory approvals may result in the imposition of conditions that could
adversely affect the combined company or the expected benefits of the transaction; the risk that the proposed transaction may not be
completed on the terms or in the time frame expected by the parties, or at all; direct transaction costs and substantial transition and
integration-related costs associated with the proposed transaction with Unilever Foods; the possibility that unforeseen liabilities,
future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition,
losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely impact anticipated
combined company metrics and/or the value or expected benefit of, timing or pursuit of the transaction, the risk that the anticipated
ownership percentages of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction may differ
from those expected, the risks and costs of the pursuit and/or implementation of the anticipated separation of Unilever Foods&rsquo;
business, including the anticipated timing required to complete the separation, any adjustment to the terms of the transaction and any
changes to the configuration of the businesses included in the separation if implemented, uncertainties as to McCormick&rsquo;s access
to available financing to consummate the transaction upon acceptable terms and on a timely basis or at all, the failure to obtain the
effectiveness of the registration statements for the transaction or receipt of McCormick shareholder approval for the transaction and
certain related matters, the effect of the announcement or pendency of the transaction on Unilever Foods&rsquo; or McCormick&rsquo;s
business relationships, competition, business, financial condition and operating results, including risks that the transaction disrupts
current plans and operations of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel,
risks related to diverting either management team&rsquo;s attention from ongoing business operations, and risks associated with third-party
contracts containing consent and/or other provisions that may be triggered by the transaction; the ability of McCormick to successfully
integrate Unilever Foods&rsquo; operations and implement its plans, forecasts and other expectations with respect to Unilever Foods&rsquo;
business or the combined business after the closing of the transaction; the ability of McCormick to manage additional debt and successfully
de-lever following the transaction; the outcome of any legal proceedings that may be instituted against Unilever Foods or McCormick related
to the transaction; Unilever' ability to innovate and remain competitive; Unilever' investment choices in its portfolio management; the
effect of climate change on Unilever' business; Unilever' ability to find sustainable solutions to its plastic packaging; significant
changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in Unilever' supply
chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high-quality
products; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic,
social and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory,
tax and legal matters and practices with regard to the interpretation and application thereof and emerging and developing ESG reporting
standards including differences in implementation of climate and sustainability policies in the regions where the Unilever Group operates.
Risk with respect to McCormick are further described in its filings with the US Securities and Exchange Commission (&ldquo;SEC&rdquo;),
including McCormick&rsquo;s Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the
quarter ended February 28, 2026. The forward-looking statements are based on our beliefs, assumptions and expectations of our future
performance, taking into account all information currently available to us. Forward-looking statements are not predictions of future
events. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known
to us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed
in our forward-looking statements. The forward-looking statements speak only as of the date of this announcement. Except as required
by any applicable law or regulation, the Unilever Group expressly disclaims any intention, obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained herein to reflect any change in the Unilever Group&rsquo;s expectations
with regard thereto or any change in events, conditions or circumstances on which any such statement is based. New risks and uncertainties
arise over time, 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 factor on our business or the extent to which any factor, or combination of factors, may cause actual events, to differ materially
from those contained in any forward-looking statements. Further details of potential risks and uncertainties affecting the Unilever Group
are described in the Unilever Group&rsquo;s filings with the London Stock Exchange, Euronext Amsterdam and the SEC, including in the
Annual Report on Form 20-F 2025 and the Unilever Annual Report and Accounts 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

<!-- Field: Page; Sequence: 5 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><U>No
Offer or Solicitation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">This document
is for informational purposes only and is not intended to 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 any vote or approval, nor shall there be any sale of securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the
U.S. Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><U>Important
Information and Where to Find It</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">This document
relates to a proposed transaction among McCormick, Unilever and Unilever Foods. The parties intend to file relevant materials with the
SEC, including, among other filings, a registration statement on Form S-4 to be filed by McCormick with the SEC, which will include a
document that serves as a proxy statement/prospectus of McCormick in connection with the anticipated separation of Unilever Foods from
Unilever and combination with McCormick, and a registration statement on Form 10 to be filed by Unilever Foods entity that serve as an
information statement/prospectus in connection with the spin-off of Unilever Foods from Unilever. Each party will also file other documents
regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS, INFORMATION
STATEMENTS, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE
PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME
AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">Investors
and security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant
documents filed or that will be filed with the SEC by McCormick, Unilever Foods or Unilever through the website maintained by the SEC
at www.sec.gov.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">The documents
filed by McCormick with the SEC also may be obtained free of charge at McCormick&rsquo;s website at https://ir.mccormick.com/ or upon
written request to McCormick &amp; Company, Incorporated, 24 Schilling Road, Suite 1, Hunt Valley, Maryland 21031, Attention: Investor
Relations Department. The documents filed by Unilever Foods or Unilever with the SEC also may be obtained free of charge upon written
request to Unilever, Investor Relations Department, 100 Victoria Embankment, London EC4Y 0DY, United Kingdom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><U>Participants
in Solicitation</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">McCormick
and Unilever and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from
McCormick&rsquo;s shareholders in connection with the proposed transaction. Information about McCormick&rsquo;s directors and executive
officers and their ownership of McCormick&rsquo;s common stock is set forth in McCormick&rsquo;s proxy statement for its 2025 Annual
Meeting of Shareholders on Schedule 14A filed with the SEC on February 18, 2026. To the extent that holdings of McCormick&rsquo;s securities
have changed since the amounts printed in McCormick&rsquo;s proxy statement, such changes have been or will be reflected on Statements
of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the direct and indirect interests of those persons
and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus
regarding the proposed transaction when it becomes available. Information about the directors and executive officers of Unilever is set
forth in its Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the SEC on March 12, 2026. You may
obtain free copies of these documents as described in the preceding paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11pt 0 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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