Britvic Regulatory News (BVIC)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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 accounts referred to in Exhibit B

Teachers Advisors, Inc. on behalf of the funds

referred to in Exhibit C

Nuveen Investments, Inc. on behalf of the affiliates referred to in Exhibit D

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

22 September 2016

6. Date on which issuer notified:

23 September 2016

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

3%

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

6,340,123

6,340,123

6,340,123

6,340,123

0

2.412%

0%

US1111901047

(ADRs in relation to Ordinary Shares with ISIN GB00B0N8QD54)

839,265

1,678,530

330,244

660,488

0

0.251%

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

Below 3%

Below 3%

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

The College Retirement Equities Fund ("CREF") hereby informs you as of September 22, 2016 we own 6,319,913 shares of Britvic Plc. CREF owns these shares through two of its investment accounts, the Global Equities Account and Stock Account. It is our understanding the total voting shares outstanding of Britvic Plc is 262,847,973, thereby bringing CREF's ownership in the company to 2.404%. TIAA-CREF Investment Management LLC ("TCIM") is a U.S.-based SEC registered investment adviser that manages CREF.

Additionally, an affiliate of CREF owns on September 22, 2016 7,075 shares of Britvic Plc. This is 0.003% of Britvic Plc. These shares are owned by the Active Extension Fund III ("AEF III"). AEF III is a private fund wholly owned by Teachers Insurance and Annuity Association of America ("TIAA"), a New York insurance company. TAI is affiliated with TCIM and both are indirect, wholly-owned subsidiaries of TIAA.

Nuveen Investments, Inc. (NII) affiliated investment adviser sold 509,021 ADRs on September 22, 2016 bringing the total ADRs owned to 330,244. Nuveen owns 13,135 ordinary shares and the equivalent of 660,488 ordinary shares (through its holding of ADRs) in Britvic Plc (We note that one ADR equals two ordinary shares).

The combined TIAA-Nuveen enterprise now has aggregated holdings of 7,000,611 shares or 2.663% of the issued and outstanding voting shares in Britvic Plc.

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

(See Exhibit A)

Proxy Voting:

10. Name of the proxy holder:

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

11. Number of voting rights proxy holder will cease to hold:

N/A

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

N/A

13. Additional information:

None

14. Contact name:

Stuart R. Brunet

15. Contact telephone number:

+1-415-882-3711

TIAA-CREF Investment Management LLC ("CREF")

Teachers Advisors, Inc.

Nuveen Investments, Inc (NII)

Aggregate Holding

Global Equities Account

Stock Account

Total CREF Holdings

Total CREF %

Active Extension Fund III

Total Mutual Funds Holdings

Total Mutual Funds %

NWQ Investment Management Company, LLC

Total Nuveen

Total Nuveen %

Total Holdings

Total %

Holdings as of September 21 2016

2,101,293

4,218,620

6,319,913

2.404%

7,075

7,075

0.003%

13,135

13,135

0.005%

6,340,123

2.412%

Transactions as of September 22, 2016

-

-

-

0.000%

-

-

0.000%

-

-

0.000%

-

0.000%

Holdings as of September 22, 2016

2,101,293

4,218,620

6,319,913

2.404%

7,075

7,075

0.003%

13,135

13,135

0.005%

6,340,123

2.412%

Total Ordinary Shares Outstanding

262,847,973

 Nuveen Investments, Inc (NII)

NWQ Investment Management Company, LLC

Total Nuveen

ADRs

Converted1 ADR=2 ORD

Total Nuveen %

Total Holdings

Holdings as of September 21, 2016

839,265

839,265

1,678,530

0.639%

1,678,530

Transactions as of September 22, 2016

-

(509,021)

(1,018,042)

0.000%

(1,018,042)

Holdings as of September 22, 2016

330,244

330,244

660,488

0.251%

660,488

Total Combined

Total Percentage

7,000,611

2.663%