Maroussi, Greece – May 28, 2008 - Coca‑Cola Hellenic Bottling Company S.A. (“Coca‑Cola Hellenic”, the “Company”), makes this announcement in connection with the exercise in May 2008 of stock options by employees of the Company and its affiliated companies, pursuant to stock option plans approved by the General Meetings of the Company.

The announcement contains the exercise prices and the number of shares that were granted and will be listed on the Athens Exchange upon application by the Company.

1. The offering was made to 140 employees of the Group (123 of which are employees of the Company’s foreign affiliates). Out of those employees, 54 employees (50 of which are employees of the Company’s foreign affiliates) exercised their Stock Options by written notice to the Company’s Board of Directors.

2. The offering was made with respect to an aggregate of 2,247,946 new ordinary shares of the Company, of a nominal value of EUR 0.50 each, out of which 810,511 options were actually exercised and an equal number of shares was issued. As a result, the total number of non-exercised Stock Options that have been granted by the Board of Directors, as authorised by the General Meeting of shareholders, amounts to 12,387,300. Out of these options, certain options have already vested and the remaining options will have vested by December 13, 2010.

3. The exercise price of the new shares is as follows:

Number

Date of

Date of

Exercise

Adjusted

Options

Amount in

of plan

approval by

approval by

price in

exercise price

exercised /

Euros

 

the General

the Board of

EUR

in  EUR

Shares

 

 

Meeting

Directors

before the

following the

granted

 

 

 

 

issuance

issuance of

 

 

 

 

 

of bonus

bonus shares*

 

 

 

 

 

shares*

 

 

 

1.

22.11.2001

13.12.2001

23.32

15.55

54,017

839,964.35

2.

22.11.2001

13.12.2001

20.97

13.98

0.00

0.00

3.

22.11.2001

13.12.2001

17.06

11.37

135,146

1,536,610.02

4.

22.11.2001

13.12.2001

14.68

9.79

482,449

4,723,175.71

5.

22.11.2001

13.12.2001

12.08

8.05

0.00

0.00

6.

22.11.2001

13.12.2001

14.53

9.69

0.00

0.00

7.

06.06.2003

23.06.2003

12.95

8.63

0.00

0.00

8.

06.06.2003

15.12.2003

16.76**

11.17

20,250

226,192.50

9.

06.06.2003

03.12.2004

18.63**

12.42

40,600

504,252.00

10.

17.06.2005

02.12.2005

23.30**

15.53

22,500

349,425.00

11.

17.06.2005

21.03.2006

24.85**

16.57

0.00

0.00

12.

17.06.2005

23.06.2006

23.02**

15.35

0.00

0.00

13.

17.06.2005

13.12.2006

28.06**

18.71

55,549

1,039,321.79

14.

17.06.2005

13.12.2007

-

28.75**

0.00

0.00

Total:

 

 

 

 

810,511

9,218,941.37

(*)The exercise price per share in relation to the Company’s Stock Option Plans, as this was initially determined by decisions of the General Meetings of the Company dated 22.11.2001, 06.06.2003 and 17.06.2005 respectively, and subsequently readjusted as a consequence of the decision of the General Meeting dared 15.10.2007 that decided to issue bonus shares.

(**) Denotes that such exercise price was calculated as the average of the Company's share price at close of trading on the Athens Stock Exchange over the last ten (10) business days prior to the relevant decision of the Board of Directors that granted the options.

4. The payment of the share capital increase of the Company was completed on 12 May 2008 and was certified by virtue of a decision of the Company’s Board of Directors dated 13 May 2008. The Ministry of Development proceeded, to the registration of the share capital increase and the certification of its payment with the Companies Registry (Decisions number K2-6107/19.05.2008 and K2- 6107(bis)/19.05.2008).

5. The share capital of the Company was increased by EUR 405,255.50, whereas the share premium account was increased by EUR 8,813,685.87. As a result, the share capital of the Company amounts to EUR 182,686,850.00 and is divided into 365,373,700 ordinary shares of a nominal value of EUR 0.50 each.

6. The Company will proceed to all necessary actions required by law in order to effect the listing of the new shares on the Athens Stock Exchange.

The person responsible for compiling this document and for the accuracy of the information set forth herein is Mrs. Sarah Robinson, Rewards Director, tel.: 210 61 83 175. Interested parties may obtain a copy of this document from the Company's registered seat (9 Frangoklissias Street, Maroussi) and in electronic form from the Company’s website (www.coca-colahellenic.com). Further information may be obtained from Mr. Vassilis Fragoulis, Compensation and Benefits Manager, tel.: 210 61 83 312.

 

INQUIRIES

 

Company contacts:

 

Coca‑Cola Hellenic

 

Sarah Robinson

Tel: +30 210 61 83 175

Rewards Director

email: sarah.robinson@cchellenic.com

Vassilis Fragoulis

 Tel: +30 210 61 83 312

Compensation and Benefits

email : vassilis.fragoulis@cchellenic.com

Manager

 

Coca‑Cola Hellenic’s website is located at www.coca-colahellenic.com.

Coca‑Cola Hellenic is one of the world's largest bottlers of products of The Coca‑Cola Company and has operations in 28 countries serving a population of 550 million people. Coca‑Cola Hellenic shares are listed on the Athens Exchange (ATHEX: EEEK), with secondary listings on the London (LSE: CCB) and Australian (ASX: CHB) Stock Exchanges. Coca‑Cola Hellenic’s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH).