Britvic

Whitbread PLC
25 November 2005

25 November 2005


Whitbread notes announcement of Britvic price range


Whitbread PLC ( 'Whitbread ' ) notes today's announcement from Britvic plc 
('Britvic') regarding the offer price range of its initial public offering 
(the 'Global Offer') and the publication of its price range prospectus.


Under the Global Offer, Whitbread, InterContinental Hotels Group and Pernod
Ricard ( the 'Selling Shareholders') will sell , on a pro rata basis , a
total of 153 million ordinary shares representing approximately 71% of the total
issued share capital of Britvic. In addition , the Selling Shareholders may sell
up to 22.9 million further shares in Britvic at the offer price under
over-allotment arrangements agreed with the underwriters. The number of shares
sold under the Global Offer may be increased or decreased.


At the announced price range of 210 pence to 250 pence per share and on the
basis of a 75% sell down of its 23.75% interest in Britvic, Whitbread would
receive gross proceeds of approximately £80.3million to £95.6million ( excluding
any shares sold under over-allotment arrangements ). The offer price may be set
within, above or below the offer price range. Full details of the Global Offer
can be found in the Britvic announcement and price range prospectus published
today.


It is expected that the precise number of shares to be sold in the Global Offer
and the offer price will be announced on or around 9 December 2005 and a further
announcement will be made when final proceeds have been determined.


In addition to the proceeds of sale it is expected that Whitbread will receive a
special dividend of £23.4million from Britvic on or about 29 November 2005. This
is in addition to the special dividend of £44.9 million paid in May 2005.


Enquiries:


Whitbread PLC:


Investor Queries:

Christopher Rogers            Tel : [phone]



Media Enquiries:

Andrew Honnor

Tulchan                                Tel: [phone]



Anna Glover

Whitbread                            Tel : [phone]



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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange