FIRST QUARTER HIGHLIGHTS • Volume of 387 million unit cases, 19% ahead of the same period in 2006

• Operating profit of €54.5 million versus €26.7 million in the same period in 2006;

• Net income of €22.3 million versus a net loss of €0.2 million in the same period in 2006.

Doros Constantinou, Managing Director of Coca‑Cola HBC, commented:

‘I am pleased to report positive momentum across all our territories and product portfolio during the first quarter of 2007. Our continued effort to strengthen our commercial capabilities and route-to-market effectiveness, together with favorable weather conditions, had a positive impact on our volumes. We are also encouraged by the early consumer response to the recent launch of Coca‑Cola Zero in certain of our markets. Solid organic growth, realization of planned pricing and improved operating efficiency helped offset persisting raw material cost increases and the planned first-quarter investment in our sales capabilities. Given this strong start to the year, albeit in a quarter that is traditionally the least significant for our business, we remain comfortable with our full year guidance.’

                                                                                                                                                           May 10, 2007