For immediate release 27 October 2003

                    Cadbury Schweppes 2003 Investor Seminar                    

Cadbury Schweppes is holding an investor seminar in London on 27th October and
in New York on 28th October to review the Group's strategy, goals and
priorities for the period 2004-2007.

Presentations will be given by CEO Todd Stitzer, CFO David Kappler and the five
Presidents responsible for the company's five operating regions: Americas
Beverages; Americas Confectionery; Europe, Middle East and Africa; Europe
Beverages; and Asia Pacific.

Strategy

Over the last 20 years, Cadbury Schweppes has evolved from a Commonwealth
focused food and beverage business into a leading international confectionery
and beverages group. Through an active programme of acquisitions and disposals
over that period we have created a powerful portfolio of leading regional and
local brands in our chosen markets.

The acquisition of Adams in March 2003 transformed our confectionery business,
significantly expanding our geographic coverage and extending our participation
in the faster growing gum and medicated sectors of the confectionery market. As
a result, we now participate strongly across the entire confectionery category
with long established brand franchises and powerful distribution networks. We
are present in most of the world's key confectionery markets and hold the
number one or number two position in around half of the world's 50 largest
confectionery markets.

In beverages, we have focused on those regions where we have critical mass,
while at the same time broadened our participation into the faster growing
non-carbonated category through acquisition.

As a consequence of the number of acquisitions we have made in recent years, we
have a complex organisational structure for a business of our size and a
disproportionate cost base.

In February of this year, we made significant changes to our organisational
structure with the aim of putting the next generation of management in place
and simplifying and de-layering the business. We consolidated nine operating
units to five and separated the management of our commercial activities from
the supply chain.

Our focus for the next four years will be on:

  * Increasing margins by leveraging our new organisational structure to reduce
    costs; and
   
  * Driving growth by exploiting our broad portfolio of strong regional and
    local brands and route to market capabilities
   
Goals

Cadbury Schweppes remains committed to its Managing for Value programme in
pursuit of superior shareowner returns.

We have put in place ambitious cost reduction and growth initiatives to enable
us to achieve these goals - "Fuel for Growth" and "Smart Variety" respectively.

Our "Fuel for Growth" initiative seeks a reduction in direct and indirect
costs, excluding marketing, of �400 million a year by 2007. Fuel for Growth is
likely to see the number of factories and employees around the world falling by
an estimated 20% and 10% respectively. The group currently has 133 factories
and around 55,000 employees.

We estimate that the incremental investment required to deliver these savings
will be �900 million over the 2004 - 2007 period split broadly equally between
restructuring and capital spend. This investment is in addition to our ongoing
maintenance capital spend requirements of around 3% of sales.

Up to one-third of the benefits from "Fuel for Growth" will be reinvested in
our "Smart Variety" programme, with the aim of accelerating sales growth
through increased spend on marketing and innovation.

"Smart Variety" is a commercial discipline which allows us to leverage the
combination of our broad category participation, enlarged geographic presence
and strong routes to market. This is particularly potent in our confectionery
business but also has application in our beverages operations.

As a result of our Fuel for Growth and Smart Variety initiatives, the company
expects to achieve the following over the 2004 - 2007 period:

  * 50 to 75 basis points increase in underlying operating profit margins every
    year
   
  * Net sales value growth of between 3% and 5% every year
   
  * Free cash flow totalling �1.5bn over the period
   
Adams

We acquired Adams in March 2003. During the first seven months of our ownership
we have focused on:

  * Stabilising the gum business in the two important markets of the US and
    Canada: the last few months have seen our gum share in both markets
    stabilise following the launch of new products such as Dentyne Ice and the
    relaunch of Trident White
   
  * Continuing to drive growth in the important gum markets of Latin America
    and the Far East: our businesses in Mexico, Japan and Thailand are
    performing strongly
   
  * Building further on Hall's strong brand franchise and growth opportunities
    around the world: in the US Hall's has recorded the 66th successive period
    of market share growth
   
  * Aggressively integrating the business: we have completed the integration in
    a number of countries including the UK, India, Spain and Argentina ahead of
    schedule and have announced the closure of three manufacturing facilities.
   
We are pleased to report as a result that performance year to date is in line
with the acquisition case and we remain confident of the value creation
potential of the acquisition.

2003 Trading

We confirm that in line with the statements we made at the interim results and
on 19th September, we expect full year performance to be broadly similar to the
first half.

Conclusion

In summary, CEO Todd Stitzer said: "In recent years Cadbury Schweppes has
strengthened its business significantly through acquisition. Nobody else has
our combination of portfolio reach, range and route to market. It's now time to
focus on exploiting their full potential. Our ambitious "Fuel for Growth" cost
reduction programme will provide the funds to increase our investment in
marketing and innovation to drive our top line growth. I am confident that in
creating a stronger platform for sustained growth, we will progressively
deliver superior business performance and thereby superior shareowner returns."

Ends

For further information:

Cadbury Schweppes plc: 020-7409-1313

http://www.cadburyschweppes.com

Capital Market Enquiries 020-7830-5095

Sally Jones

Marie Wall

Mary Jackets

Media Enquiries 020-7409 1313

Dora McCabe

Sarah Pelling

The Maitland Consultancy 020-7379-5151

Angus Maitland

Philip Gawith

An audio webcast of Todd Stitzer's keynote speech will be available at 
www.cadburyschweppes.com live at 08:00 a.m. It will be available on archive
from midday onwards.

High-resolution photographs are available to the media free of charge at 
www.newscast.co.uk +44 (0)20 7608 1000 or via the image library on our website.

Safe Harbor Statement

This material may be deemed to include forward-looking statements within the
meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the
US Securities Exchange Act of 1934. These forward-looking statements are only
predictions and you should not rely unduly on them. Actual results might differ
materially from those projected in any such forward-looking statements, which
involve known and unknown risks, uncertainties and other factors that may cause
our or our industry's actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by the
forward-looking statements. In evaluating forward-looking statements, which are
generally identifiable by use of the words "may", "will", "should", "expect",
"anticipate", "estimate", "believe", "intend" or "project" or the negative of
these words or other variations on these words or comparable terminology, you
should consider various factors including the risks outlined in our Form 20-F
filed with the SEC. Although we believe the expectations reflected in
forward-looking statements are reasonable we cannot guarantee future results,
levels of activity, performance or achievements. This presentation should be
viewed in conjunction with our periodic interim and annual reports and
registration statements filed with the Securities and Exchange Commission,
copies of which are available from Cadbury Schweppes plc, 25 Berkeley Square,
London W1J 6HB, UK.

Note 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, Halls, Trident, Dr Pepper,
Snapple, Trebor, Dentyne, Bubblicious and Bassett - are enjoyed in over 200
countries across the world. The group employs around 55,000 people and is a
leading world-wide 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.

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