Cott Announces Expiration Of Tender Offer For 8.0% Senior Subordinated Notes Due 2011

TORONTO and TAMPA, Fla., Nov. 30 /PRNewswire-FirstCall/ -- Cott Corporation (NYSE: COT; TSX: BCB) announced today the expiration of the previously announced cash tender offer and consent solicitation (the "Tender Offer") by its wholly owned subsidiary, Cott Beverages Inc. ("Cott Beverages"), for any and all of its 8.0% senior subordinated notes due 2011 (the "8.0% Notes"). The Tender Offer expired at 11:59 p.m., New York City time, on November 27, 2009. As of the expiration date, Cott Beverages had received valid tenders from holders of $237.1 million aggregate principal amount of 8.0% Notes, or 95.5% of the total outstanding prior to the Tender Offer.

As previously announced, Cott Beverages purchased $236.7 million aggregate principal amount of the 8.0% Notes, or 95.35% of the total outstanding, which were validly tendered prior to the early tender deadline of 5:00 p.m., New York City time, on November 12, 2009 (the "Early Participation Payment Deadline").

Holders who validly tendered their 8.0% Notes after the Early Participation Payment Deadline and prior to the expiration date of the Tender Offer will receive total consideration of $975.00 per 8.0% Note plus accrued and unpaid interest from the last payment date to, but not including, the settlement date. Cott Beverages expects to make payment today, November 30, 2009, for such 8.0% Notes.

Following the Tender Offer, there will be total of $11.2 million aggregate principal amount of 8.0% Notes outstanding.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell with respect to any securities. The tender offer and consent solicitation were made pursuant to the terms of the Offer to Purchase and Consent Solicitation Statement dated October 29, 2009 and the related Letter of Instructions. None of Cott Beverages, the dealer manager, the solicitation agent, the information agent, the depositary or their respective affiliates made any recommendation as to whether or not holders should tender all or any portion of their 8.0% Notes in the Tender Offer or deliver their consent to the proposed amendments.