Athens, Greece – 1 March 2006 – Coca‑Cola Hellenic Bottling Company S.A. (Coca‑Cola HBC, CCHBC) announces that further to its statement on 19th January 2006 regarding the restructuring of its Greek operation, it has successfully completed the consultation process with the affected employees.

As a result, 147 of the 150 employees impacted have now reached agreement with the company.

All the employees of Coca‑Cola HBC’s Rhodes, Corfu and Messolonghi warehouses, as well as all but three of the employees at CCHBC’s Athens production plant, have either accepted alternative positions within CCHBC or the negotiated voluntary redundancy packages. The agreement will enable CCHBC’s Greek operation to implement the restructuring in a fair, reasonable and sensitive manner.

Production in the Athens plant ceased on 24 February 2006 while the warehouses in Rhodes, Corfu and Messolonghi will terminate their operations on 10 March 2006.

This satisfactory outcome was made possible because of the collaboration of CCHBC and its employees and also the positive contribution of the Greek Ministry of Employment.

Coca‑Cola HBC is one of the world's largest bottlers of products of The Coca‑Cola Company and has operations in 26 countries serving a population of approximately 540 million people. CCHBC shares are listed on the Athens Exchange (ATHEX: EEEK), with secondary listings on the London (LSE: CCB) and Australian (ASX: CHB) Stock Exchanges. CCHBC’s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH).

 

INQUIRIES

Company Contacts:

Coca‑Cola HBC – Investor Relations

Melina Androutsopoulou

 

Tel: +30 210 618 3100

e-mail: investor.relations@cchbc.com

European Press Contact:

Financial Dynamics London

Greg Quine

Tel: (+44) 20 7269 7206

Mobile: (+44) 7940 538950

e-mail: greg.quine@fd.com

US Press Contact:

Financial Dynamics US

Jim Olecki

 

Tel: +1 212 850 5600

e-mail: jolecki@fd-us.com

  Coca‑Cola HBC’s website is located at www.coca-colahbc.com .