REG-Cadbury plc: Trading Statement

.
19 June 2008

Cadbury plc Confirms Strong Start to 2008

Cadbury plc issues regular trading updates ahead of its first half and
preliminary results. Today's update comments on year-to-date performance for
the first half of 2008. Our 2008 first half results will be announced on 30
July 2008. Following the demerger of Dr Pepper Snapple Group in May 2008, the
Americas Beverages business will be classified as a discontinued operation and
the results from the business will not be included within the continuing
results of Cadbury plc.

Highlights

* Strong first half revenue momentum: growth expected to be above 4% - 6%
goal range

* Good growth across all categories and double-digit growth in emerging
markets

* Margins at least 150bps ahead despite increased investment in marketing

* Higher prices recovering increases in input costs

* Benefits of early progress on cost savings and positive mix

Todd Stitzer, Cadbury's CEO said: "We're off to a strong start as a focused
confectionery business and expect first half revenues above our goal range and
good progress on margins. These results will demonstrate the strength of our
total confectionery platform, the benefits of the significant investments made
in recent years and the potential of our business. Despite the challenging
economic outlook and further increases in input costs in the second half, we
are confident of a successful outcome for 2008."

Trading Performance

We expect strong revenue momentum in the first half with second quarter growth
likely to be modestly higher than the 7% like-for-like growth reported for the
first quarter. Good progress is being made on margins despite a further
increase in marketing investment. Price increases have been implemented across
the majority of our markets and these are recovering significant increases in
input costs. Margins in the first half will benefit from positive product mix
and previously announced "Vision into Action" cost reduction initiatives
including downsizing central and regional functions and outsourcing non-core
activities.

In Britain, Ireland, the Middle East and Africa (BIMA), revenue growth has been
driven by higher marketing and double-digit growth from the emerging market
businesses. Profit and margin progress in the first half will be strong with
margins benefiting from a further improvement in Nigeria, cost reduction
initiatives and lower one-off costs in Britain and Ireland. In Britain, revenue
growth is expected to be ahead of the confectionery market which is ahead 2%
year-to-date. The exit from some less profitable promotions has been more than
offset by good growth in core brands, including Cadbury Dairy Milk.

In Europe, planned route to market changes in Russia and Turkey and lower
market growth in Southern Europe have impacted performance. Gum growth remains
strong reflecting the combination of market growth across the region and share
gains in Southern Europe. In Turkey, we are integrating our existing
distribution infrastructure with the Intergum business we acquired last year
and revenues in the half are being impacted by the exit from a number of
distribution arrangements. Overall, margins are expected to be lower in the
region in the first half given the route to market reorganisation.

In the Americas, we have continued to see excellent revenue growth. In the US,
the gum market is ahead 8% year to date, benefiting from the 2007 price
increases and continued high levels of innovation activity. Growth continues to
be driven by our Trident and Stride brands. Our performance in the US has been
boosted by improved results from Halls which benefited from robust cough
category growth. Revenue momentum in Latin America remains strong with good
results from both gum and candy, particularly in Mexico where we have continued
to make share gains.

In Asia Pacific, revenue growth in the half has benefited from an improved
performance from confectionery in Australia and strong double-digit growth in
emerging markets. In Australia beverages, revenue growth has strengthened in
the last few months as we cycled the anniversary of the termination of a
non-core manufacturing contract. In emerging markets, India has had another
excellent half with good performances in all categories, and continued success
of our Bubbaloo bubblegum brand.

Outlook

For the first half of 2008, we expect revenue growth above the top end of our
4% - 6% goal range and margin growth of at least 150 basis points (at constant
exchange rates). Looking forward to the balance of the year, we will be cycling
stronger second half comparatives. We expect our commodity cost increases for
the year to remain in the 5% - 6% range, however, these increases are now
expected to be weighted toward the second half. Overall, while we expect some
bias in revenue and margin growth toward the first half, we remain confident of
a successful outcome for 2008.

Update on Non-Underlying Items

Following the completion of the demerger on 7 May 2008, Americas Beverages will
be classified as a discontinued operation and the results will not be included
within the continuing operations of Cadbury plc. The appendices to this release
include: i) the re-presented underlying results for Cadbury plc for the first
half and full year 2007 with Americas Beverages reported as a discontinued
operation; and ii) pro-forma earnings per share for the first half and full
year of 2007 for Cadbury plc as if the demerger had been in effect since the
beginning of 2007. From 2008, certain confectionery costs in respect of central
supply chain, commercial and science & technology, previously included in
central costs, will be charged to the regions. The appendices also include the
regional profit from operations for the first half and full year 2007 on a
comparable basis.

The reported results in the first half of 2008 will be impacted by
restructuring and non-trading items principally relating to our cost reduction
programme and the demerger. In the first half, we expect restructuring charges
to be around �80 million, around half the charge anticipated for the full year.
Tax and other costs related to the demerger are expected to be in line with
expectations. Transaction related costs (such as financing fees, legal costs,
advisor fees and taxation) will be charged against the discontinued Americas
Beverages business and confectionery separation charges (such as certain IT
separation costs and listing fees) will be treated as a non-underlying charge
to the Cadbury plc business.

The movements in key currencies against sterling since the first half of 2007,
principally the Euro and the Australian Dollar, are expected to have a positive
impact on our reported results at the half year. Based on current rates, we
would expect currency movements on translation to benefit revenues and
operating profits, each by around 7% in the half.

Summary of Key Dates

30 July Half Year Results

14 October Interim Management Statement

A teleconference for analysts and investors will take place at 9.00am (BST)
today, 10.00am (central Europe).

Conference telephone +44 20 7138 0835 (UK)
number: +1 718 354 1172 (US)

Replay Details +44 20 7806 1970 (UK)
+1 718 354 1112 (US)

Replay Pass code 3880146#

A further teleconference call for analysts and investors will take place at 3pm
(BST) today, 4pm (central Europe), 10am (EST).

Conference telephone +44 20 7138 0835 (UK)
number +1 718 354 1172 (US)

Replay Details +44 20 7806 1970 (UK)
+1 718 354 1112 (US)

Replay Pass code 7606549#

Ends

CONTACTS

Cadbury plc + 44 20 7409 1313 (until 20 June)
+44 1895 615000 (from 23 June)
http://www.cadbury.com

Capital Market Enquiries +44 20 7830 5124 (until 20 June)
Sally Jones +44 1895 615124 (from 23 June)

Media Enquiries
Cadbury +44 20 7830 5011 (until 20 June)
Katie Bell +44 1895 615011 (from 23 June)

The Maitland Consultancy + 44 20 7379 5151
Philip Gawith

Change of Address

With effect from 23June 2008 Cadbury plc Head Office will
relocate to:

Cadbury House

Uxbridge Business Park

Sanderson Road

Uxbridge

Tel + 44 1985 615000

Fax +44 1895 615001

Forward Looking Statements

Except for historical information and discussions contained herein, statements
contained in these materials may constitute "forward looking statements" within
the meaning of Section 27A of the US Securities Act of 1933, as amended, and
Section 21E of the US Securities Exchange Act of 1934, as amended. Forward
looking statements are generally identifiable by the fact that they do not
relate only to historical or current facts or by the use of the words "may",
"will", "should", "plan", "expect", "anticipate", "estimate", "believe",
"intend", "project", "goal" or "target" or the negative of these words or other
variations on these words or comparable terminology. Forward looking statements
involve a number of known and unknown risks, uncertainties and other factors
that could 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 such
forward looking statements. These forward looking statements are based on
numerous assumptions regarding the present and future strategies of each
business and the environment in which they will operate in the future. In
evaluating forward looking statements, you should consider various factors
including the risk factors outlined in our Form 20-F filed with the US
Securities and Exchange Commission and Circular and Prospectus filed with the
UKLA on 19 March 2008 and posted on Cadbury plc's website www.cadbury.com.
These materials should be viewed in conjunction with our periodic interim and
annual reports, registration statements and other filings filed with or
furnished to the Securities and Exchange Commission, copies of which are
available from Cadbury plc, Cadbury House, Uxbridge Business Park, Sanderson
Road, Uxbridge UB8 1DH, UK and from the Securities and Exchange Commission's
website at www.sec.gov. Cadbury plc does not undertake publicly to update or
revise any forward looking statement that may be made in these materials,
whether as a result of new information, future events or otherwise. All
subsequent oral or written forward-looking statements attributable to Cadbury
plc or any person acting on their behalf are expressly qualified in their
entirety by the cautionary statements above.

Notes:

1. About Cadbury plc

Cadbury plc is the world's largest confectionery business with number one or
number two positions in over 20 of the world's 50 largest confectionery
markets. It also has the largest and most broadly spread emerging markets
business of any confectionery company. With origins stretching back nearly 200
years, Cadbury's brands include many global, regional and local favourites
including Cadbury, Creme Egg and Green & Black's in chocolate; Trident,
Dentyne, Hollywood and Bubbaloo in gum; and Halls, Cadbury Eclairs, Bassett's
and the Natural Confectionery Company in candy.

2. Appendices

Appendix 1: Cadbury plc Re-presented Income Statement

Following the demerger of Dr Pepper Snapple Group Inc (DPSG) in May, the
Americas Beverages business will be classified as a discontinued business and
therefore the results from the business will not be included in the operating
results of the continuing Group (Cadbury plc). In accordance with IFRS 5
"Non-current assets held for sale and discontinued operations", the results,
including prior periods, of Americas Beverages, together with interest relating
to the debt demerged will be shown within Discontinued Operations presented at
the bottom of the Income Statement.

Re-presented Cadbury plc Income Statement: First Half and Full Year 2007

�m 6 months end Year end
30 Jun 2007
31 Dec 2007

Revenue 2,326 5,093

Underlying profit from operations 168 497

Underlying profit before interest and taxation 173 505

Net Underlying financing costs (20) (50)

Underlying profit before taxation 153 455

Underlying taxation (46) (128)

Underlying profit after taxation relating to 107 327
Continuing Ops (Cadbury plc)

Underlying profit from Discontinued Ops (DPSG) 140 305

Minority Interests (2)

Underlying profit attributable to equity 247 630
shareholders

Earnings per share (p):

Underlying

- from Continuing Ops 5.2p 15.6p

- from Discontinued Ops 6.7p 14.6p

- Total Group 11.9p 30.2p

Loss per share attributable to non-underlying (3.2)p (10.8)p
items

Reported Earnings per share 8.7p 19.4p

Dividends per share 5.0p 10.5p

Weighted average number of shares (m) 2,086 2,087

Appendix 2: Cadbury plc Pro-forma Earnings Per Share

Cadbury plc Pro-forma Earnings Per Share: First Half and Full Year 2007

�m 6 months end Year end
30 Jun 2007
31 Dec 2007

Underlying profit attributable to equity 247 630
shareholders

Less: Underlying profit attributable to (140) (305)
Discontinued Ops (DPSG)

Underlying profit attributable to equity 107 325
shareholders: Continuing Ops (Cadbury plc)

Proforma earning per share - continuing ops (p) 8.0p 24.3p

Proforma weighted average number of shares (m) * 1,335 1,336

* As a result of the scheme of arrangement to replace Cadbury Schweppes Plc
with Cadbury Plc and the subsequent demerger of Americas Beverages, the shares
of the Group were consolidated with 100 Cadbury Schweppes shares being replaced
with 64 Cadbury shares and 12 shares in DPSG. The proforma weighted average
number of shares applies the same consolidation ratio to the weighted average
number of shares used in the 2007 earnings per share calculation.

Appendix 3: Cadbury plc 2007 Underlying Profit from Operations

From 2008, certain confectionery costs in respect of central supply chain,
commercial and science & technology, previously included in central costs, will
be charged to the regions.

Cadbury plc Underlying Profit from Operations by Region First Half and Full
Year 2007

�m 6 months end Year End 31 Dec
30 Jun 2007 2007

Underlying profit from operations

BIMA 54 153

Europe 30 82

Americas 109 234

Asia Pacific 40 146

Central (65) (118)

168 497

END
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