Exercise of Over Allotment

Britvic plc
13 December 2005


13 December 2005

Not for release or distribution or publication, directly or indirectly, in or
into, the United States, Canada, Japan or Australia.

                                  BRITVIC PLC

                                ANNOUNCEMENT OF
                    EXERCISE OF OVER-ALLOTMENT ARRANGEMENTS

Britvic plc (the 'Company') announces that in connection with the initial public
offering of the Company (the 'Global Offer') Citigroup Global Markets U.K.
Equity Limited ('Citigroup') as stabilising manager, on behalf of Deutsche Bank
AG and the other underwriters, has today given notice to exercise the
over-allotment arrangements in respect of 22,954,873 ordinary shares ('Ordinary
Shares') of the Company. Following the exercise of the over-allotment
arrangements, 203,930,271 Ordinary Shares will be held in public hands
representing a free float of approximately 95% of the issued share capital of
the Company. As a result of the exercise of the over-allotment arrangements,
InterContinental Hotels Group PLC ('IHG') will, on the admission of the Ordinary
Shares to the Official List of the Financial Services Authority and to trading
on the London Stock Exchange's market for listed securities ('Admission'), have
disposed of a further 10.7% interest in the Company and consequently, on
Admission, each of IHG, Pernod Ricard S.A. and Whitbread Group PLC will have
disposed of their entire interest in the Company, PepsiCo will continue to hold
a 5% stake in the Company and the Directors of the Company will hold
approximately 0.05%.

This announcement may not be distributed, directly or indirectly, in or into the
United States, Canada, Australia or Japan. This announcement does not constitute
or form part of an offer to sell or issue, or any solicitation of an offer to
buy or subscribe for, any securities referred to herein. The Global Offer and
the distribution of this announcement and other information in connection with
the Global Offer in certain jurisdictions may be restricted by law and persons
into whose possession any document or other information referred to herein comes
should inform themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.
     
The securities mentioned herein have not been, and will not be, registered under
the U.S. Securities Act of 1933 (the 'Securities Act'), and may not be offered
or sold in the United States (as such term is defined in Regulation S under the
Securities Act) unless they are registered under the Securities Act or pursuant
to an exemption from registration. No public offer of the Ordinary Shares is
being made in the United States.



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