Completion of bond issue

    For immediate release 30 September 2003

                CADBURY SCHWEPPES IN SUCCESSFUL $2BN BOND ISSUE                

Cadbury Schweppes is pleased to announce that it has successfully completed the
company's first bond issue in the US market, raising $2 billion, ahead of the
company's $1 billion - $1.5 billion target. The size of the issue was increased
in response to strong investor demand.

The proceeds will be used to replace some of the financing arrangements put in
place in December 2002 to fund the $4.2 billion acquisition of Adams
confectionery business (which includes such major brands as Halls, Trident,
Dentyne and Bubbas Bubblegum range). Cadbury Schweppes' brands (particularly Dr
Pepper, 7 UP, Mott's, Snapple plus the Adams range) are well known in the US
market.

The bonds are split evenly between 5-year and 10-year maturities, with margins
over the relevant US Treasuries of 80bps and 95bps respectively. After costs,
this represents an average cost of funds of approximately 4.6% per annum.
Proceeds from the sale were received on 29 September 2003.

The lead arrangers were Bank of America, Deutsche and JP Morgan.

David Kappler, CFO of Cadbury Schweppes said: "We are very pleased that US bond
investors have recognised the strengths of the company's strategy, portfolio of
brands and cash flow to enable us to raise money at such competitive margins.
The relatively low interest rate environment may present further refinancing
opportunities, although we do not envisage tapping this US Market again in the
foreseeable future."

Ends

For further information:

Cadbury Schweppes plc: 020-7409-1313

http://www.cadburyschweppes.com

Bond and Equity Enquiries 020-7830-5095

Sally Jones

Marie Wall

Media Enquiries 020-7409 1313

Dora McCabe

Sarah Pelling

The Maitland Consultancy 020-7379-5151

Angus Maitland

Philip Gawith

High-resolution photographs are available to the media free of charge at 
www.newscast.co.uk [phone].

Notes to Editors:

Cadbury Schweppes is a major global company which manufactures, markets and
distributes branded beverages and confectionery products around the world. With
origins stretching back over 200 years, today Cadbury Schweppes' products -
which include brands such as Cadbury, Schweppes, Dr Pepper, Snapple, Trebor and
Bassett - are enjoyed in over 200 countries across the world. With the
acquisition of Adams and its brands - Halls, Trident, Dentyne and Bubbas
bubblegum range - the group now employs around 55,000 people and is a leading
global confectionery company. It is number one in sugar and functional
confectionery, a strong number two in gum and the world's third largest soft
drinks company.



END