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Keurig to repurchase shares held by Lavazza


February 24, 2015
By Canadian Vending

Feb. 24, 2015, Waterbury, VT – Keurig Green Mountain entered into an
agreement on Feb. 21, 2015, to repurchase approximately 5.2 million
shares of Keurig common stock beneficially owned by Luigi Lavazza
S.p.A. at a purchase price of $119.18 per share.

Feb. 24, 2015, Waterbury, VT – Keurig Green Mountain entered into an agreement on Feb. 21, 2015, to repurchase approximately 5.2 million
shares of Keurig common stock beneficially owned by Luigi Lavazza S.p.A. at a purchase price of $119.18 per share.

The purchase
price represents a three per cent discount off the closing price of Keurig common
stock on Feb. 20, 2015. The repurchase will be financed through cash
balances and Keurig's existing credit facility.

In connection with the entry into the stock repurchase agreement, Keurig
also has entered into an amendment to its existing
common stock purchase agreement with Lavazza dated Aug. 10, 2010. The
amendment eliminates Lavazza's pre-emptive rights on future issuances of
the company's common stock and will become effective as of the closing
of the stock repurchase.

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