Athens, Greece – December 3, 2002 – Coca‑Cola Hellenic Bottling Company S.A. (Coca‑Cola HBC) (ASE:EEEK, NYSE:CCH, LSE:CCB, ASX:CHB) announced that it has been advised by its shareholder Kar-Tess Holding S.A., of the Kar-Tess Group that it has sold 3.9 million ordinary shares of Coca‑Cola HBC in the market, representing approximately 1.6% of Coca‑Cola HBC’s share capital.

The transaction was undertaken by a placement of Coca‑Cola HBC shares by Credit Suisse First Boston and EFG Telesis Finance to a range of domestic and international institutional investors.

Following the sale Coca‑Cola HBC’s free float increased by 1.6%. The Kar-Tess Group companies hold approximately 40% of Coca‑Cola HBC’s share capital and The Coca‑Cola Company subsidiaries hold 24% of Coca‑Cola HBC’s share capital. The Kar-Tess Group companies have also agreed with Credit Suisse First Boston to a 6-month “lock-up” period on the remainder of their shares.

Mr Irial Finan, Managing Director of Coca‑Cola HBC said: ”This development increases our free float and is in line with previously communicated intentions of the Kar-Tess Group companies who are and continue to be significant and long-term shareholders of Coca‑Cola HBC”.

Coca‑Cola HBC is one of the largest bottlers of non-alcoholic beverages in Europe and the second largest Coca‑Cola bottler in the world by sales volume, operating in 26 countries with a total population of more than 500 million. Coca‑Cola HBC’s shares are listed on the Athens Stock Exchange, with listings on the New York, London and Australian Stock Exchanges.

 

ENQUIRIES:

Company Contact:

Coca‑Cola HBC

Melina Androutsopoulou

Director of Investor Relations & Business Development

Tel: +30 210 618 3100

e-mail: melina.androutsopoulou@cchbc.com

US Press Contact:

Christine Mohrmann

FD Morgen-Walke

Tel: +1 212 850 5600

e-mail: cmohrmann@fdmw.com

European Press Contact:

Alastair Hetherington

FD Athens

Tel: +30 210 721 6060

Mobile: +30 947 752284

e-mail: alastair.hetherington@fd.com

This announcement is not an offer of any ordinary shares in Coca‑Cola HBC SA for sale or subscription in the United States or elsewhere. The placing shares have not been and will not be registered under the US Securities Act of 1993 and may not be offered or sold in the United States absent registration or an exemption from registration requirements.