Athens, Greece – Coca‑Cola Hellenic Bottling Company S.A. (ASE:EEEK, LSE:CCB, NYSE:CCH, ASX:CHB) announced that on November 22, 2002 it published a summary of a draft merger agreement for the absorption of its 100% subsidiary under the tradename “Cretan Bottling Company S.A.”, in accordance with article 78 of Codified Law 2190/1920 and articles 1- 5 of Law 2166/1993. The merger will be concluded upon issuance of its approval by the Ministry of Development.

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 (0) 93 413 8725

e-mail: alastair.hetherington@fd.com

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