Cott Declares Quarterly Dividend and Announces Board Approval of Dividend Reinvestment Plan

TORONTO, ON and TAMPA, FL--(Marketwired - May 6, 2015) -  Cott Corporation (NYSE: COT) (TSX: BCB) (the "Company" or "Cott") today announced that its Board of Directors declared a quarterly dividend (the "Q1 Dividend") of USD$0.06 per share on Cott's common shares ("Common Shares"). The dividend is payable in cash on June 17, 2015, to shareowners of record at the close of business on June 5, 2015.

The Company also announced today that Cott's Board of Directors has approved a dividend reinvestment plan ("DRIP") with an effective date of May 18, 2015. Subject to approval by the Toronto Stock Exchange, the DRIP will be implemented by the Company and eligible holders of Common Shares may begin enrolling in the DRIP on May 18, 2015.

The DRIP allows eligible holders of Common Shares to reinvest cash dividends paid in respect of their Common Shares to acquire additional Common Shares.

Common Shares purchased under the DRIP will, at the Company's election, be issued from treasury by the Company or purchased on the open market through the New York Stock Exchange. If the Company elects to issue Common Shares from treasury upon the reinvestment of cash dividends under the DRIP, the Common Shares will be purchased at a price equal to the average of the high and low prices of Common Shares actually traded on the New York Stock Exchange on the five trading days immediately preceding the dividend payment date on which not less than 100 Common Shares were traded (the "Average Market Price"), less a discount, if any, of up to 5%, at the Company's election. The Company has determined not to establish an initial discount to the Average Market Price for purchases upon the reinvestment of cash dividends under the DRIP. The Company may, subject to the terms of the DRIP, set, alter or eliminate any discount at any time.

Holders of Common Shares who are resident in Canada or in the United States and hold at least one whole Common Share are eligible to participate in the DRIP. Holders of Common Shares resident outside Canada or the United States may also participate in the DRIP unless participation is not permitted in that jurisdiction. Eligible shareowners may elect to participate in the DRIP commencing with the Q1 Dividend.