Athens, Greece - 20 January 2005 - Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) today announces that 1,334,852 new ordinary shares, that were issued pursuant to the increase of CCHBC's share capital by euros 667,426, will commence trading on Monday 24 January 2005. The new shares were issued as a result of the exercise of stock options by 87 employees of CCHBC and of its affiliate companies. After the increase, CCHBC?s share capital amounts to euros 119,130,064.50 and is divided in 238,260,129 shares with a nominal value of euros 0,50 each.
The above new shares were subscribed for as follows:
(a)15,078 shares were subscribed for by 6 option-holders at a price of euros 17.06 per share (pursuant to resolutions of the General Meeting of Shareholders dated 22 November 2001 and 31 October 2003, and resolution of the Board of Directors dated 13 December 2001);
(b)608,756 shares were subscribed for by 54 option-holders at a price of euros 14.68 per share (pursuant to resolutions of the General Meeting of Shareholders dated 22 November 2001 and 31 October 2003, and resolution of the Board of Directors dated 13 December 2001); (
c)46,667 shares were subscribed for by 3 option-holders at a price of euros 12.08 per share (pursuant to resolutions of the General Meeting of Shareholders dated 22 November 2001 and 31 October 2003, and resolution of the Board of Directors dated 13 December 2001);
(d) 538,230 shares were subscribed for by 60 option-holders at a price of euros 14.53 per share (pursuant to resolutions of the General Meeting of Shareholders dated 22 November 2001 and 31 October 2003, and resolution of the Board of Directors dated 13 December 2001); and
(e)126,121 shares were subscribed for by 16 option-holders at a price of euros 12.95 per share (pursuant to resolutions of the General Meeting of Shareholders dated 6 June 2003 and 31 October 2003, and resolution of the Board of Directors dated 23 June 2003).

The payment of the above increase, which does not constitute an amendment of the company?s Articles of Association, was certified by the company?s Board of Directors on 23 December 2004, in accordance with the resolutions of the above General Meetings and was approved by the Ministry of Development and registered with the Registry of Societes Anonymes pursuant to decisions Κ2-15795 and Κ2-15796 dated 30 December 2004.

On Tuesday 18 January 2005, the Board of Directors of the Athens Exchange approved the commencement of trading of the above 1,334,852 new ordinary shares. The Board of Directors of the company has resolved that trading of the above new shares on the Athens Exchange shall commence on Monday 24 January 2005. On that day, the above shares will have been credited to the securities accounts of the relevant shareholders. The opening price of the company's shares on the above date shall be determined in accordance with the Regulations of the Athens Exchange.

Coca-Cola HBC is one of the world's largest bottlers of products of The Coca-Cola Company and has operations in 26 countries serving a population of more than 500 million people. CCHBC shares are listed on the Athens Exchange (ATHEX: EEEK), with secondary listings on the London (LSE: CCB) and Australian (ASX: CHB) Stock Exchanges. CCHBC's American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH).