April 17, 2000
To Our Stockholders:
We are pleased to inform you that Green Mountain Coffee, Inc. is offering to purchase 300,000 shares
(representing approximately 9% of the currently outstanding shares) of its Common Stock from its stockholders
through a tender offer at prices not greater than $16.00 nor less than $14.50 per share. The Company is
conducting the tender offer through a procedure commonly referred to as a "Dutch Auction." This procedure
allows you to select the price within that price range at which you are willing to sell your shares to us. Based upon
the number of shares tendered and the prices specified by the tendering stockholders, we will determine the single
per share price within that price range that will allow us to buy 300,000 shares (or such lesser number of shares
as are validly tendered). All of the shares that are validly tendered at prices at or below that purchase price will,
subject to possible proration, be purchased at that purchase price, net to the selling stockholder. All other shares
which have been tendered and not purchased will be returned to the stockholder. The tender offer is not
conditioned on any minimum number of shares being tendered.
The tender offer provides stockholders the opportunity to sell shares for cash without the usual transaction costs
and, in the case of those holders who own less than 100 shares, without incurring any applicable odd lot
The tender offer is explained in detail in the enclosed Offer to Purchase and Letter of Transmittal. If you wish to
tender your shares, detailed instructions on how to tender shares are also in the enclosed materials. We
encourage you to read these materials carefully before making any decision with respect to the tender offer.
Neither the Company nor its Board of Directors makes any recommendation to any stockholder as to whether to
tender or refrain from tendering shares.
Please note that the tender offer is scheduled to expire at 5:00 p.m., New York City time, on May 15, 2000,