Cadbury Schweppes plc is a public company with limited
liability incorporated under the laws of England and Wales with
registered number 52457. Most of our senior management are
not residents of the United States. A substantial portion of our
assets and all or a substantial portion of the assets of these
named persons are or may be located outside the United
States. As a result, it may not be possible for investors to effect
service of process within the United States upon us or these
persons or, even if process is served against us or these persons,
to enforce against us or them judgments obtained in United
States courts. We have been advised by our legal advisors,
Morgan, Lewis & Bockius LLP in conjunction with Morgan,
Lewis & Bockius, registered foreign lawyers and solicitors, that
there is substantial doubt as to the enforcement in England, in
original actions or in actions for enforcement of judgments of
US courts, of liabilities predicated upon US federal securities
laws, including civil liabilities under those laws.