Holding(s) in Company

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

Fevertree Drinks 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 listed in Exhibit B

Teachers Advisors, LLC on behalf of the funds

listed in Exhibit C

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

20 April 2017

6. Date on which issuer notified:

24 April 2017

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

GB00BRJ9BJ26

3,530,131

3,530,131

3,440,054

3,440,054

0

2.985%

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

3,440,054

2.985%

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 that on April 20, 2017 CREF sold 40,124 shares of Fevertree Drinks Plc bringing the total shares owned to 2,203,264. 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 Fevertree Drinks Plc is 115,240,896, bringing CREF's ownership in Fevertree Drinks Plc to a 1.912% level.

For your information, CREF is a U.S. based investment company, which is registered with the Securities and Exchange Commission ("SEC"). CREF has multiple investment accounts, each with separate investment objectives and policies. All assets in the accounts are beneficially owned by CREF, and all the accounts are managed by TIAA-CREF Investment Management, LLC, an SEC registered investment adviser.

Additionally, affiliates of CREF on April 20, 2017 sold 49,953 shares bringing the total owned by such affiliates to 1,236,790 shares of Fevertree Drinks Plc. These holdings are owned by mutual funds which are investment portfolios of the TIAA-CREF Funds ("Funds"). The Funds are an SEC registered investment company and the Funds are managed by Teachers Advisors, LLC, an SEC registered investment adviser that is affiliated with TIAA-CREF Investment Management, LLC.

A total of 3,440,054 or 2.985% of the outstanding voting shares of Fevertreee Drinks Plc are owned, in aggregate, by CREF and these affiliated funds. Because Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC follow the same policies when voting on behalf of CREF and the Funds, we are aggregating the holdings for purposes of this form as required by the current FCA Disclosure and Transparency Rules.

(See Exhibit A and Exhibit B)

Proxy Voting:

10. Name of the proxy holder:

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

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

N/A

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

N/A

13. Additional information:

None

14. Contact name:

Stuart R. Brunet

15. Contact telephone number:

+1-415-882-3711