Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Britvic Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

TIAA-CREF Investment Management, LLC on behalf of the following accounts:

Global Equities Account

Stock Account

Teachers Advisors, Inc. on behalf of:

TIAA-CREF Growth and Income Fund

TIAA-CREF Life Growth and Income Fund

4. Full name of shareholder(s)  (if different from 3.):iv

See Number 3

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

9 December 2014

6. Date on which issuer notified:

11 December 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B0N8QD54

11,877,448

11,877,448

12,375,594

12,375,594

0

5.006%

0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,375,594

5.006%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

On December 9, 2014, the College Retirement Equities Fund ("CREF") purchased 498,146 shares of Britvic Plc, bringing CREF's holdings to 10,470,818 shares in Britvic Plc. CREF owns these shares through two of its investment accounts, the Stock Account and the Global Equities Account. It is our understanding there were 247,229,115 total voting shares in Britvic Plc that were outstanding on December 9, 2014 , bringing CREF's total ownership in Britvic Plc to 4.235%. CREF is a U.S.-based SEC registered investment company that is managed by TIAA-CREF Investment Management, LLC ("TCIM"), an SEC registered investment adviser.

Additionally, certain affiliates of CREF own 1,904,776 shares of Britvic Plc. 1,904,776 of these shares are owned by the TIAA-CREF Funds and the TIAA-CREF Life Funds, each of which is a U.S.-based SEC registered investment company that is managed by Teachers Advisors, Inc. ("TAI"), an SEC registered investment adviser. TAI is affiliated with TCIM and both are indirect, wholly-owned subsidiaries of Teachers Insurance and Annuity Association of America ("TIAA"), a New York insurance company. Nuveen Asset Management, LLC ("NAM"), an SEC registered investment adviser, was recently acquired by TIAA, making NAM an affiliate of TIAA, TCIM and TAI. The combined TIAA-Nuveen enterprise now has aggregated holdings of 12,375,594 shares or 5.006% of the issued and outstanding voting shares in Britvic Plc.

Each of TCIM, TAI and NAM are aggregating their holdings in Britvic as required by current FCA Disclosure and Transparency Rules. However, each of TCIM, TAI and NAM separately and independently vote any proxies for shares held in Britvic Plc.

Proxy Voting:

10. Name of the proxy holder:

TIAA-CREF Investment Management, LLC / Teachers Advisors, Inc.

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

None

14. Contact name:

Clare Thomas, Company Secretary, Britvic plc

15. Contact telephone number:

+44 (0)1442 284411