FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed: Deccan Value Investors L.P.
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Britvic plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: 02/01/2013
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer? No

2.POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security: 20p ordinary shares
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 4,535,120 1.87
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:

TOTAL:

4,535,120 1.87

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3.DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)Purchases and sales

Class of relevant security Purchase/sale Number of securities Price per unit
Ordinary Shares Purchase 262 4.1000
Ordinary Shares Purchase 4,314 4.1060
Ordinary Shares Purchase 264 4.1090
Ordinary Shares Purchase 487 4.1100
Ordinary Shares Purchase 1,674 4.1105
Ordinary Shares Purchase 5,463 4.1130
Ordinary Shares Purchase 74 4.1200
Ordinary Shares Purchase 979 4.1210
Ordinary Shares Purchase 1,592 4.1220
Ordinary Shares Purchase 4,015 4.1225
Ordinary Shares Purchase 2,099 4.1230
Ordinary Shares Purchase 920 4.1235
Ordinary Shares Purchase 1,458 4.1240
Ordinary Shares Purchase 521 4.1245
Ordinary Shares Purchase 13,015 4.1250
Ordinary Shares Purchase 2,720 4.1260
Ordinary Shares Purchase 847 4.1270
Ordinary Shares Purchase 255 4.1275
Ordinary Shares Purchase 270 4.1280
Ordinary Shares Purchase 1,601 4.1290
Ordinary Shares Purchase 299 4.1295
Ordinary Shares Purchase 3,130 4.1300
Ordinary Shares Purchase 12,038 4.1303
Ordinary Shares Purchase 2,473 4.1310
Ordinary Shares Purchase 1,942 4.1320
Ordinary Shares Purchase 1,375 4.1330
Ordinary Shares Purchase 680 4.1340
Ordinary Shares Purchase 3,033 4.1342
Ordinary Shares Purchase 19,839 4.1350
Ordinary Shares Purchase 3,180 4.1360
Ordinary Shares Purchase 764 4.1370
Ordinary Shares Purchase 14,969 4.1373
Ordinary Shares Purchase 6,249 4.1380
Ordinary Shares Purchase 645 4.1390
Ordinary Shares Purchase 670 4.1400
Ordinary Shares Purchase 750 4.1410
Ordinary Shares Purchase 3,631 4.1420
Ordinary Shares Purchase 760 4.1430
Ordinary Shares Purchase 1,125 4.1440
Ordinary Shares Purchase 262 4.1445
Ordinary Shares Purchase 6,352 4.1450
Ordinary Shares Purchase 1,040 4.1460
Ordinary Shares Purchase 5,447 4.1470
Ordinary Shares Purchase 4,254 4.1480
Ordinary Shares Purchase 810 4.1490
Ordinary Shares Purchase 2,939 4.1500
Ordinary Shares Purchase 450 4.1510
Ordinary Shares Purchase 510 4.1520
Ordinary Shares Purchase 270 4.1530
Ordinary Shares Purchase 280 4.1540
Ordinary Shares Purchase 430 4.1560
Ordinary Shares Purchase 851 4.1570
Ordinary Shares Purchase 250 4.1580
Ordinary Shares Purchase 260 4.1600
Ordinary Shares Purchase 1,563 4.1610
Ordinary Shares Purchase 310 4.1620
Ordinary Shares Purchase 525 4.1630
Ordinary Shares Purchase 460 4.1640
Ordinary Shares Purchase 5,941 4.1650
Ordinary Shares Purchase 126 4.1660
Ordinary Shares Purchase 4,184 4.1670
Ordinary Shares Purchase 750 4.1680
Ordinary Shares Purchase 305 4.1690
Ordinary Shares Purchase 400 4.1700
Ordinary Shares Purchase 1,828 4.1710
Ordinary Shares Purchase 7,223 4.1727
Ordinary Shares Purchase 230 4.1740
Ordinary Shares Purchase 280 4.1810
Ordinary Shares Purchase 274 4.1850
Ordinary Shares Purchase 265 4.1870
Ordinary Shares Purchase 252 4.1880
Ordinary Shares Purchase 553 4.1890
Ordinary Shares Purchase 610 4.1900
Ordinary Shares Purchase 775 4.1930
Ordinary Shares Purchase 280 4.1940
Ordinary Shares Purchase 400 4.1950
Ordinary Shares Purchase 2,063 4.1960
Ordinary Shares Purchase 1,129 4.1970
Ordinary Shares Purchase 400 4.1980
Ordinary Shares Purchase 381 4.2000
Ordinary Shares Purchase 1,006 4.2020

(b)Derivatives transactions (other than options)

Class of relevant security Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities Price per unit

(c)Options transactions in respect of existing securities

(i)Writing, selling, purchasing or varying

Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type

e.g. American, European etc.

Expiry date Option money paid/ received per unit

(ii)Exercising

Class of relevant security Product description

e.g. call option

Number of securities Exercise price per unit

(d)Other dealings (including subscribing for new securities)

Class of relevant security Nature of dealing

e.g. subscription, conversion

Details Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4.OTHER INFORMATION

(a)Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

none

(b)Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

none

(c)Attachments

Is a Supplemental Form 8 (Open Positions) attached? No
Date of disclosure: 03/01/2013
Contact name: John Malik, Chief Operating Officer
Telephone number: +1 (203) 983-7203

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

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