This information is submitted to the Capital Markets Commission by Coca‑Cola Hellenic Bottling Company S.A. (“CCHBC” or the “Company”), pursuant to its implementation of stock option plans established for its employees and those of its affiliate companies, as approved by the General Meeting of its shareholders, in accordance with article 13, para. 9 of Codified Law 2190/1920.

Stock Options Plans have been established by CCHBC in order to encourage employees to identify with shareholder interest and to focus on CCHBC’s long-term growth.

On 2.12.2005, CCHBC’s Board of Directors awarded 794,600 Stock Options to 36 employees of the Company and of its affiliate companies, pursuant to the resolution of the Annual General Meeting of shareholders dated 17.6.2005 which had approved the issuance of up to 4,950,000.

Each Stock Option corresponds to one (1) ordinary bearer share in CCHBC.

The exercise price per Stock Option amounts to EUR 23.30, i.e. it is equal to the average value of the Company's share mid-price at close of trading on the Athens Exchange over the last ten (10) working days prior to the decision of the Board of Directors granting the options on 2.12.2005.

The Stock Options granted will vest over a period of three years and will become exercisable by 1/3 on the first anniversary of the grant date (i.e. on 2.12.2006); by 2/3 on the second anniversary of the grant date (i.e. on 2.12.2007); and in full on the third anniversary of the grant date (i.e. on 2.12.2008). The Stock Options will lapse on 1.12.2015, unless forfeited earlier as more fully described below.

Stock Options that have vested (but have not lapsed) may be exercised by the participant notifying such exercise to the Company’s Board of Directors and paying the exercise price to the Company. In the month of December next following such exercise, the Board of Directors will resolve to increase the share capital of the Company and will issue a number of shares equal to the number of Stock Options exercised. Vested Stock Options may be exercised at any time, but for as long as relevant Greek legislation provides that shares under a stock option plan may only be issued in the month of December, the Board shall cause the Company to issue the relevant Shares within the month of December next following the receipt of notice exercising any Option (or within the same month of December if such notice is received not later than the 17th of December or, if 17th December is not a working day in Athens, Greece, then on the immediately preceding working day).

 

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