Athens, Greece - February 21, 2005 Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) announced today its intention to acquire jointly with The Coca Cola Company 100% of one of the leading Serbian mineral water companies Vlasinka.

The acquisition, involves production facilities at Surdulica in Southern Serbia and the mineral water brand Rosa.

Mr Doros Constantinou, Managing Director of CCHBC, commented, 'This acquisition is a significant further commitment to our operations in Serbia. Rosa has great potential for growth as we incorporate it into the Coca-Cola HBC organisation. We have had a strong track record in integrating new water businesses into the group as part of our water strategy and we are very pleased to welcome another high quality local brand.'

Mr Dragan Tomic, Chairman of Vlasinka, commented, 'This transaction provides Simpo, the parent company of Vlasinka, with funding to assist its broader corporate objectives. We are pleased to transfer Rosa to an investor with strong local presence that will only take the brand from strength to strength'.

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).

INQUIRIES
Company Contacts:Coca-Cola HBC Investor Relations: Melina Androutsopoulou, Theodore Varelas, Thalia Chantziara. Tel: +30 210 618 3100e-mail: investor.relations@cchbc.com
European Press Contact: Financial Dynamics AthensAlastair Hetherington Tel: (+30) 210 725 8194Mobile: (+30) 694 775 2284e-mail: alastair.hetherington@fd.com
US Press Contact: Financial Dynamics US Jim Olecki Tel: +1 212 850 5600 e-mail: jolecki@fd-us.com