Cadbury Schweppes completes disposal of its 51% interest in CCSB.

LONDON--(BUSINESS WIRE)-- Feb. 11, 1997--Cadbury Schweppes plc (NYSE: CSG) announced today that it has completed disposal of its 51% interest in Coca-Cola Schweppes Beverages Ltd. (CCSB) to Coca-Cola Enterprises Inc. (CCE) for 622.5 million pounds sterling.

Dominic Cadbury, Chairman of Cadbury Schweppes, said, "We are pleased that we have been able to dispose of our interest in CCSB. The primary focus of our Beverages Stream strategy is to exploit the strength and earning power of our international brand portfolio. Our licensing agreement with CCE provides the long- term security for our brands and the commitment to their growth that we believe we need in the British market. The deal allows us to realize funds hitherto tied up in bottling assets and devote them to our primary purpose - the growth of our branded business worldwide."

Licensing Agreements

The key terms of the licensing agreements are:

-- Cadbury Schweppes and CCE have signed a 15 year licensing agreement, with an extension option of 10 years, to cover the bottling and distribution of Cadbury Schweppes' soft drinks brands in Great Britain.

-- Cadbury Schweppes will received an enhanced concentrate contribution of 11 million pounds sterling per year for 15 years.

-- CCE and Cadbury Schweppes have agreed performance criteria and continuing marketing support levels for Cadbury Schweppes' key brands.

-- CCE has agreed exclusivity arrangements for Cadbury Schweppes' key brands.

-- Cadbury Schweppes will provide additional marketing and transition support of around 10 million pounds sterling per year for the next four years.

Financial Effects of the Disposal

The proceeds received from the sale will initially be used to repay existing debt and will ensure that Cadbury Schweppes will be well placed to take advantage of further opportunities to continue developing its two business streams through capital investment and acquisition.

Note to Editors

CCSB was established in 1987 as a joint venture between Cadbury Schweppes and The Coca-Cola Company. It bottles, cans and distributes Cadbury Schweppes and Coca-Cola products throughout Great Britain. It operates under various license agreements and other arrangements. It also distributes brands of other companies including the mineral water brands of the Nestle Group, Capri-Sun and Appletise under separate agreements.

Cadbury Schweppes plc is a major global company in beverages and confectionery whose brands and products are consumed in over 190 countries around the world. Cadbury Schweppes ADRs are traded on the New York Stock Exchange. One ADR equals four ordinary shares.

CONTACT: Cadbury Schweppes plc Gavin Anderson & Company

David Kappler Cameron King

Group Finance Director 212-373-0200

Mike Mason

Director of Investor Relations 

Dora McCabe

Group PR Manager

011-44-171-409-1313