Second QUARTER and half year RESULTS 2006
Broad-based growth in first half year, outlook for 2006 reaffirmed.
FINANCIAL HIGHLIGHTS

unaudited)
Second Quarter 2006 Eur million Half Year 2006
Currentrates Currentrates Constantrates Currentrates Currentrates Constantrates
Continuing operations: 10 258 3% 3% Turnover 19 793 6% 3%
1 435 20% 21% Operating profit 2 845 13% 10%
1 351 28% 29% Pre-tax profit 2 661 19% 16%
1 007 37% 38% Net profit from continuing operations 2 008 22% 19%
1 044 33% 34% Net profit from total operations 2 103 19% 17%

0.33 42% 42% EPS from continuing operations (Euros) 0.65 23% 20%
0.34 37% 38% EPS from total operations (Euros) 0.69 20% 18%

KEY FEATURES
· Underlying sales growth of 3.4% in the first half year and 3.9% in the quarter, with sustained volume momentum and a pick-up in price.
· Increased investment in advertising and promotions.
· Operating margin of 14.4% in the first half year and 14.0% in the quarter.
· EPS from continuing operations up by 23% in the first half year, and by 8% excluding the impact of last year’s impairment of Slim∙Fast.