Overallotment Option

C&C Group Plc
17 June 2004


THESE MATERIALS ARE NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED 
STATES, CANADA, AUSTRALIA OR JAPAN.  THEY ARE NOT AN OFFER OF SECURITIES FOR 
SALE IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.



                                                                    17 June 2004

                         GLOBAL OFFER OF C&C GROUP PLC


                        Exercise of Overallotment Option

C&C Group plc ("C&C") announces that Citigroup and Goldman Sachs International,
on behalf of the Underwriters have elected to exercise part of the overallotment
option referred to in the announcement by C&C on 14 May 2004.  11,160,250 shares
will be issued pursuant to this exercise of the overallotment option, in
addition to the 176,000,000 shares issued under the Global Offer.  Institutional
investors will have 11,007,382 shares redeemed out of the net proceeds of €24.9
million received in respect of this exercise of the overallotment option and
will retain approximately 34.4 per cent. of the issued share capital of C&C.


For further information

Citigroup                                          + 44 20 7986 4000
Michael Lavelle
Tim Harvey-Samuel
Iain Robertson



Goldman Sachs International                        + 44 20 7774 1000
Tim Bunting
Phil Raper
Basil Geoghegan



Drury Communications                                  + 353 1 260 5000
Paddy Hughes
Mark Cahalane
Billy Murphy



Finsbury Group                                              + 44 20 7251 3801
Edward Orlebar
Julius Duncan
Abigail Irving-Bell



K Capital Source                                            + 353 1 631 5500
Mark Kenny


Notes to Editors

The Group's head office is located in Dublin with its principal manufacturing
and distribution facilities located in Clonmel, Cork, Dublin and Newcastle West
in Ireland.  The Group had an average of 2,003 employees for the year to 29
February 2004.

The Group divides its operating activities into three divisions - Alcohol,
International Spirits and Liqueurs, and Soft Drinks and Snacks.  72 per cent. of
Group's turnover from continuing operations in the financial year 2004 was
generated in Ireland, 18 per cent. from the United Kingdom including Northern
Ireland, and 10 per cent. from the rest of the world. The Alcohol Division, the
International Spirits and Liqueurs Division and the Soft Drinks and Snacks
Division accounted for 57 per cent., 10 per cent., and 33 per cent. of the
Group's turnover from continuing operations in the financial year 2004,
respectively.

The Group's portfolio comprises several of Ireland's most recognised beverage
and savoury snacks brands, including the leading cider brand, four of the top
five soft drinks and bottled water brands and the leading savoury snack brand.
Key brands such as Bulmers, Ballygowan, Club Orange and Tayto hold number one
brand market positions in Ireland.

The Group was formerly known as Cantrell & Cochrane and was established in 1968
when Allied Breweries and Guinness Ireland merged their Irish soft drink and
cider interests.  Subsequently, Allied Domecq acquired full ownership of
Cantrell & Cochrane in July 1998 when it purchased Guinness Ireland's interest.
Funds advised by BC Partners, along with co-investors and management acquired
the Group from Allied Domecq in a leveraged buy-out in January 1999.

The contents of this announcement have been prepared by and are the sole
responsibility of C&C.

Citigroup, Goldman Sachs International, Davy, IBI Corporate Finance, The
Governor and Company of the Bank of Ireland and Deutsche Bank and their
respective affiliates are acting for C&C in relation to the Global Offer and no
one else, and will not be responsible to anyone other than C&C for providing the
protections offered to their respective clients nor for providing advice in
relation to the Global Offer.

No offer or invitation to acquire shares in C&C is being made by or in
connection with this announcement.  This announcement is for information
purposes only and does not constitute an offer or an invitation to underwrite,
subscribe for or otherwise acquire or dispose of any securities or investment
advice. The value of shares can go down as well as up.  Past performance is not
a guide to future performance.  Persons needing advice should consult a
professional adviser.

This announcement does not contain or constitute an offer of securities for sale
in the United States.  The Ordinary Shares have not been, and will not be,
registered under the US Securities Act of 1933, as amended (the "Securities Act
") and the Ordinary Shares may not be offered or sold in the United States
absent registration or an exemption from registration. There will be no public
offering of the Ordinary Shares in the United States.

This announcement and the information contained herein are not for publication,
distribution or release in, or into, the United States, Canada, Australia or
Japan.


Stabilisation/FSA.


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