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Keurig Dr Pepper announces pricing of secondary offering of outstanding common stock

Keurig Dr Pepper public secondary offering

BURLINGTON, Mass. and PLANO, Texas, U.S. – Keurig Dr Pepper announced yesterday the pricing of its previously-announced registered public secondary offering of 45 million shares, or approximately 3.2%, of the Company’s outstanding common stock, at a price to the public of $29.15 per share.

All of the shares have been offered by Maple Holdings B.V. (“Maple”). Maple is aholding company majority-owned by JAB Holdings B.V. (“JAB”).Upon completion of the offering, Maple and JAB will collectively own approximately 49.5% of the Company’soutstanding common stock.

Maple may distribute the proceeds of the offering to its members or otherwise redeem interests of its members from time to time, including JAB. Goldman Sachs & Co. LLC is acting as underwriter for the offering. The offering will be made only by means of an effective registration statement and a prospectus.

Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282,telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com.

Copies ofthe preliminary prospectus supplement and the related prospectus may also be obtained free of charge from the website of the U.S. Securities and Exchange Commission (the “SEC”) at http://www.sec.gov.

Keurig Dr Pepper has previously filed with the SEC a registration statement (including a prospectus) on Form S-3(File No. 333-233477) and a prospectus supplement, each dated August 27, 2019, as well as a preliminary prospectus supplement for the offering to which this communication relates.

Before you invest, you should readthe prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.

Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.