Cadbury Concludes Sale of its Australian Beverages Business

Cadbury is now well positioned with a clear strategy to improve performance, a competitively differentiated portfolio of strong brands and attractive markets, and a committed management team with the capabilities and experience to deliver our plan.

03/04/09 Cadbury plc announces that it has completed the sale of the Schweppes Beverages business in Australia to Asahi Breweries, Ltd for a cash consideration of approximately £550m (AUD1,185m). Net proceeds in 2009* after costs and other charges are expected to be around £475m and will be used to reduce Cadbury’s net debt.

Todd Stitzer, CEO of Cadbury, said: “The successful sale of Schweppes Australia has completed Cadbury’s transformation into a pure-play total confectionery business. Cadbury is now well positioned with a clear strategy to improve performance, a competitively differentiated portfolio of strong brands and attractive markets, and a committed management team with the capabilities and experience to deliver our plan.”