Britvic plc
14 March 2007
TR-1(i): NOTIFICATION OF MAJOR INTEREST IN SHARES
+-----------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying | Britvic plc |
|issuer of existing shares to which voting | |
|rights are attached(ii): | |
+-----------------------------------------------+-----------------------+--------+
|2. Reason for the notification (please tick the appropriate box or | |
|boxes) | |
+-----------------------------------------------------------------------+--------+
|An acquisition or disposal of voting rights | |
+-----------------------------------------------------------------------+--------+
|An acquisition or disposal of financial instruments which may result in| |
|the acquisition of shares already issued to which voting rights are | |
|attached | |
+-----------------------------------------------------------------------+--------+
|An event changing the breakdown of voting rights | |
+-----------------------------------------------------------------------+--------+
|Other (please specify): First notification under DTR Sourcebook | X |
+-----------------------------------------------+-----------------------+--------+
|3. Full name of person(s) subject to the |PepsiCo, Inc. |
|notification obligation(iii): | |
+-----------------------------------------------+--------------------------------+
|4. Full name of shareholder(s) (if different |Wotsits Brands Limited |
|from 3.)(iv): | |
+-----------------------------------------------+--------------------------------+
|5. Date of the transaction (and date on which |13/03/2007 - see Additional |
|the threshold is crossed or reached if |Information Section below |
|different)(v): | |
+-----------------------------------------------+--------------------------------+
|6. Date on which issuer notified: |14/03/2007 |
+-----------------------------------------------+--------------------------------+
|7. Threshold(s) that is/are crossed or reached:|N/A |
+-----------------------------------------------+--------------------------------+
|8. Notified details: | |
+-----------------------------------------------+-----------------------+--------+
+-----------------------------------------------+-----------------------+--------+
+--------------------------------------------------------------------------------+
|A: Voting rights attached to shares |
+--------+--------------------------+--------------------------------------------+
|Class/ |Situation previous to the |Resulting situation after the triggering |
|type of |Triggering transaction (1)|transaction(1) |
|shares | | |
+--------+--------------------------+--------------------------------------------+
|if | | |
|possible+----------+---------------+----------+-----------------+---------------+
|using |Number of |Number of |Number of |Number of voting |% of voting |
|the ISIN|Shares |Voting Rights |shares |rights ix |rights |
|CODE | |viii +----------+------+----------+------+--------+
| | | |Direct |Direct|Indirect |Direct|Indirect|
| | | | |x |xi | | |
+--------+----------+---------------+----------+------+----------+------+--------+
|ORD |10,739,120|10,739,120 |10,739,120| |10,739,120|4.97% |- |
+--------+----------+---------------+----------+------+----------+------+--------+
+------------------------------------------------------------------------------+
|B: Financial Instruments |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii |
+-----------+----------+--------------+--------------------------------+-------+
|Type of |Expiration|Exercise/ |Number of voting rights that may|% of |
|financial |date xiii |Conversion |be acquired if the instrument is|voting |
|instrument | |Period/ Date |exercised/ converted. |rights |
| | |xiv | | |
+-----------+----------+--------------+--------------------------------+-------+
|N/A |N/A |N/A |N/A |N/A |
+-----------+----------+--------------+--------------------------------+-------+
+------------------------------------------------------------------------------+
|Total (A+B) |
+-------------------------------------------+----------------------------------+
|Number of voting rights |% of voting rights |
+-------------------------------------------+----------------------------------+
|10,739,120 |4.97% |
+-------------------------------------------+----------------------------------+
+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable xv: |
+------------------------------------------------------------------------------+
|PepsiCo, Inc., through the following direct and indirect wholly owned |
|subsidiaries, is the ultimate parent of Wotsits Brands Limited: |
+------------------------------------------------------------------------------+
|TFL Holdings |
+------------------------------------------------------------------------------+
|PepsiCo Captive Holdings, Inc. |
+------------------------------------------------------------------------------+
|Hillbrook Insurance Company, Inc. |
+------------------------------------------------------------------------------+
|Goldfinch Holdings LLC |
+------------------------------------------------------------------------------+
|PepsiCo Finance (Antilles B) N.V. |
+------------------------------------------------------------------------------+
|Pepsi-Cola Bermuda Limited |
+------------------------------------------------------------------------------+
|Malpensa Consultoria e Services Lda |
+------------------------------------------------------------------------------+
|PepsiCo Investments Denmark Limited 1 APS |
+------------------------------------------------------------------------------+
|Frito-Lay Trading Company GmbH |
+------------------------------------------------------------------------------+
|Walkers Group Limited |
+------------------------------------------------------------------------------+
|Gatorade Limited |
+------------------------------------------------------------------------------+
|Frooties Limited |
+------------------------------------------------------------------------------+
|Walkers Snacks Services Limited |
+------------------------------------------------------------------------------+
|Wotsits Brands Limited |
+------------------------------------------------------------------------------+
+------------------------------------------------------------------------------+
|Proxy Voting: |
+-------------------------------------------------------------------------+----+
|10. Name of the proxy holder: |N/A |
+-------------------------------------------------------------------------+----+
|11. Number of voting rights proxy holder will cease to hold: |N/A |
+-------------------------------------------------------------------------+----+
|12. Date on which proxy holder will cease to hold voting rights: |N/A |
+-------------------------------------------------------------------------+----+
+------------+-----------------------------------------------------------------+
|13. |THIS DISCLOSURE HAS BEEN MADE TO FULFIL THE BELOW FSA |
|Additional |INFORMATION: REQUIREMENT: |
|information:| |
+------------+-----------------------------------------------------------------+
| |THE TRANSPARENCY DIRECTIVE STATES THAT WHERE A MAJOR SHAREHOLDER |
| |HAS NOT BEEN REQUIRED (BECAUSE OF AN ACQUISITION OR DISPOSAL OF |
| |VOTING RIGHTS OR DUE TO A CHANGE IN THE TOTAL OF VOTING RIGHTS IN|
| |ISSUE) TO MAKE AN ANNOUNCEMENT TO THE ISSUER PRIOR TO THE 20TH |
| |MARCH 2007, THEN AN ANNOUNCEMENT MUST BE MADE BY THAT DATE IN ANY|
| |EVENT. |
+------------+-----------------------------------------------------------------+
|14. Contact |Andy Hunt, Legal Department, PepsiCo International Limited |
|name: | |
+------------+-----------------------------------------------------------------+
|15. Contact | |
|telephone | |
|number: |+44 (0) 208 332 4242 |
+------------+-----------------------------------------------------------------+
--------------------------
(i) This form is to be sent to the issuer or underlying issuer and to be filed
with the competent authority.
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