Exhibit 1Group financial recordin milion pounds20042005200620072008Revenue-continuing operations (a)BIMA (b)1,3651,4201,5001,5791,645Europe (b)8088378188791,097Americas1,0931,2281,3301,3721,631Asia Pacific7148018278601,002Central (c )1098993,9904,2954,4834,6995,384

Underlying profit from operationsContinuing operations (a)BIMA (b)223203170153173Europe (b)741028182115Americas133160192234315Asia Pacific103127132122143Central (c )-114-113-110-118-108419479465473638Restructuring costs-110-62-107-165-194amortization an impairment of acquisition intangibles-5-4-19-18-4non-trading items1752321UK product recall00-3000IRS 39 adjustment021-4-14-53Profit from operations321439328278388share of result in associates1113-15810Profit before financing and taxation332452313286398Financing-145-129-69-322Profit before taxation187323244254400Taxation1124-68-105-30Decontinued operations349429989258-4Minorities-22-114-2-2Profit for the period attributable to equity holdersof the parent5257651,169405364

Exhibit 2Group financial recordin milion pounds20042005200620072008Cash flowsNet cash from operating activities745890620812469Additional funding031674830Demerging financing cost000053Income taxes00831244Net capital expenditure-259-261-300-352-482Net dividends recd or (paid)-1142710free cash flow475664472527124

balance sheetsassets employedintangible assets5,7575,6485,9036,3323,973PPE1,4641,4461,6641,9041,761Retirement benefit assets00022317other non-current assets419567248208239assets held for sale59452271270inventory & trade and other recvables1,8591,8931,9142,0181,834other current assets301148787303cash and short-term investments346379395495498total assets9,88010,99210,23311,3388,895

total current liabilities excluding borrowings and provisions-1,696-1,841-1,862-1,920-2,048Liabilities directly associated with assets classified as held for sale0-291-9-18-97Total noon-current liabilities excluding borrowings and provisions and retirement benefit obligations-1,106-1,124-1,085-1,198-188Provisions-77-53-73-172-368Retirement benefit obligations-485-369-204-143-275total assets-total liabilities6,5167,3147,0007,8875,919

Financed bygross borrowings4,2164,2793,3043,7142,385minority interests2292781112called-up share capital259260262264136share premium account1,0981,1351,1711,22538retained earnings and other reserves7141,6132,2552,6733,3486,5167,3147,0007,8875,919

Net debtgross borrowings4,2164,2793,3043,7142,385less:cash and short term investments-346-379-395-495-4983,8703,9002,9093,2191,887

DCFValuation2004200520062007200820092010201120122013AssumptionsCost of capital10%Sales growth of Cadbury8%4%5%15%16%16%17%17%18%growth rate after acquisition4%

Revenue (mn)3,9904,2954,4834,6995,3846,2457,2458,4769,91711,702Net cash flow from operating activities (mn)7458906208124696258691,1021,3881,755Net capital expenditure (mn)-259-261-300-352-482-437-507-593-694-819FCFF (mn)486629320460-131,0621,3761,6952,0832,575Free Cash Flow growth rate29%-49%44%-103%-8267%30%23%23%24%Cash flow from operations growth rate19%-30%31%-42%33%39%27%26%26%Cash flow from operations/revenue19%21%14%17%9%10%12%13%14%15%Capex/revenue-6%-6%-7%-7%-9%-7%-7%-7%-7%-7%Continuing value (mn)44,625Summation (mn)486629320460-131,0621,3761,6952,08347,200Value of the company (mn)22,685

Sheet3