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Kdp provides update on majority shareholder plan to increase public float to 20%

BURLINGTON, Mass. and PLANO, Texas — Keurig Dr Pepper (NYSE: KDP) announced today that Acorn Holdings (“Acorn”), the majority shareholder of KDP, has provided an update regarding Acorn’s previously-disclosed intent to sell shares to increase the public float of KDP to approximately 20% by year-end.

As previously-disclosed, except for this increase to approximately 20% of the public float, Acorn does not intend to sell any additional shares of KDP.

Acorn has advised KDP that it has sold approximately 64 million shares through registered direct sales, including the previously-communicated sale of approximately 47 million shares earlier this month, bringing the public float to approximately 19%.

As such, Acorn plans to pause its remaining share sales of 1% until KDP’s next open window trading periods for insiders, which will occur following publication of quarterly earnings during 2019.

KDP has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents KDP has filed with the SEC for more complete information about the issuer and this offering.

You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, KDP will arrange to send you the prospectus if you request it by calling toll-free 1-781-418-7000 or visiting KDP’s Investor Relations website at http://investors.keurigdrpepper.com.