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Annual Review and
Summary Financial Statement 2005
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Strategy Review

Todd Stitzer describes how investment, innovation and execution helped us deliver our best sales growth in a decade

In 2005, sales in both our confectionery and beverage businesses grew strongly at 6%. We completed the Adams acquisition integration ahead of schedule with financial benefits ahead of plan. We disposed of Europe Beverages swiftly and at a good price, freeing up resources to invest in our higher growth businesses. As we celebrated the 100th anniversary of Cadbury Dairy Milk, we acquired Green & Black's, the UK's fastest growing premium chocolate brand. We were also delighted to receive the 'Quality of Management' award from Management Today.

Todd Stitzer, Chief Executive Officer Signed: Todd Stitzer, Chief Executive Officer

Todd Stitzer
Chief Executive Officer

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