Coca Cola Europacific Partners : Letter to Shareholders (260518 Letter to shareholders vFINAL)

About this update from Coca-cola Europacific Partners Plc

Coca-Cola Europacific Partners plc (CCEP or the Company) 18 May 2026 Dear Shareholder of Coca-Cola Europacific Partners plc: We are asking for your support in voting "FOR" all resolutions, as recommended by the Board of Directors , at our upcoming Annual General Meeting on 28 May 2026. We are writing to provide additional context regarding certain resolutions set out in our notice of meeting dated 16 April 2026 (the Notice of Meeting). Specifically, we would like to supplement information in Resolution 25 (Waiver of mandatory offer provisions set out in Rule 9 of the Takeover Code), Resolution 7 (regarding the re-election of Manolo Arroyo) and Resolution 9 (regarding the re-election of José Ignacio Comenge). A number of our shareholders will have received proxy advisory service reports from Glass Lewis & Co. (Glass Lewis), Institutional Shareholder Services (ISS) and Institutional Voting Information Service (IVIS). While Glass Lewis recommends a "FOR" vote in respect of each resolution, ISS recommends voting "AGAINST" Resolutions 7, 9 and 25 and IVIS has given a "RED" designation in respect of Resolution 25. We are firmly committed to good governance and transparency for our shareholders. We believe the information provided below will assist you in better understanding our recommendations. Unless stated otherwise, defined terms used in this letter have the same meaning as in the Notice of Meeting. Resolution 25 (Waiver of mandatory offer provisions set out in Rule 9 of the Takeover Code) As set out above, the report from Glass Lewis recommends a vote "FOR" Resolution 25, whilst the report from ISS recommends a vote "AGAINST" Resolution 25. Glass Lewis and ISS have recommended voting "FOR" Resolutions 29 and 30 (Authority to purchase own shares). The report from IVIS has given a "RED" designation in relation to Resolution 25, while also recognising that the voting decision should be a matter for shareholder judgment. Resolution 25 is a standing item at each Annual General Meeting of the Company to enable CCEP to give effect to Resolutions 29 and 30. Therefore, a share repurchase cannot occur unless Resolution 25 is approved and a vote "AGAINST" Resolution 25 will have the same effect as a vote "AGAINST" Resolutions 29 and 30. Resolution 25 seeks approval from the Independent Shareholders of a waiver under Rule 9 of the Takeover Code. Rule 9 applies whe...

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