Cadbury Beverages Canada Completes Private Placement

On December 1, 2003, Cadbury Beverages Canada Inc., an indirect, wholly owned subsidiary of Cadbury Schweppes plc, which is engaged in the marketing, distribution and sale in Canada of branded beverages and food products, including Canada Dry, Crush, Schweppes and Clamato, completed a private placement in Canada of $325 million principal amount of 4.9 per cent guaranteed notes due in December 2008. The notes were guaranteed by Cadbury Schweppes plc, Cadbury Schweppes Finance plc and Cadbury Schweppes US Finance LLC. The agent syndicate was led by TD Securities Inc., and included HSBC Securities (Canada) Inc. The proceeds of the offering were used to repay existing indebtedness under Cadbury Beverages Canada Inc.’s commercial paper program and intercompany indebtedness.

Cadbury Beverages Canada was represented in-house by Shari Hosaki, vice-president, general counsel and secretary; and Susannah Riggs, senior counsel; and in Canada by Osler, Hoskin & Harcourt LLP, with a team that included Don Ross, John Macfarlane, Richard Pratt, Alexis Gosselin, Philip Lefko and Julie Colden (tax). Cadbury Schweppes plc and Cadbury Schweppes Finance were represented by in-house counsel Hester Blanks, John Mills and Gillian Budd. The agents were represented by Goodmans LLP, with a team that included Juli Morrow, Allan Goodman and Maureen Berry (tax).