Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC or the Company), today announced that it has successfully completed, through its subsidiary Coca-Cola HBC Finance B.V., the sale of bonds totalling euro 500m. The bond offering was more than three times oversubscribed according to the joint book-runners CSFB and HSBC. The euro 500m issue, due 2011, was completed off the Euro Medium Term Note Programme and carries an annual coupon of 4.375%. The issue was rated A3 (stable) by Moody's and A (stable) by S&P.

The Company also announced the successful tendering of euro 322m of the outstanding euro 555m of Coca-Cola HBC Finance plc's euro 625m June 2006 5.25% Eurobond. The tender was completed as part of the Group's financing strategy to reduce refinancing risk and to take advantage of favourable borrowing conditions.

Proceeds from the new Eurobond offering will be used to finance the tender and to partially pre-fund the December 2004 Eurobond maturity of euro 300m.

Nik Jhangiani, Chief Financial Officer of Coca-Cola HBC, commented: "Clearly this is a very positive result and demonstrates the European fixed income investor community's continuing support in Coca-Cola HBC. Our strategy and financial performance are well understood and have allowed us to once again access attractive medium/long-term financing."

John Fulton, Group Treasurer, commented: "Following the successful issue into the US last year, this benchmark deal marks a return to the European Debt Capital Markets and demonstrates Coca-Cola HBC's ability to access a range of diversified funding sources at highly competitive rates. Tendering for the 2006 Eurobond has also allowed us to efficiently reduce refinancing risk and to further lengthen our debt maturity profile."

Other information:
The cash offer for certain of our Euro denominated notes and the offer of new Euro denominated notes are not being made and will not be made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America. This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone and the internet. Accordingly, copies of this announcement and any related offering documents are not being, and must not be, mailed or otherwise transmitted or distributed in or into the United States. Any purported acceptance of the cash offer for certain of our Euro denominated notes resulting directly or indirectly from a violation of these restrictions will be invalid.

This announcement is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration.
The new Euro denominated notes to be issued have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or the securities laws of any State or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States.

This communication is not being made and has not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly this communication is not being made to the general public in the United Kingdom. This communication as a financial promotion is only being made to those persons in the United Kingdom falling within the definition of Investment Professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 or persons who are within Article 43 of Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 or any person to whom it may otherwise lawfully be made.

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.
Coca-Cola HBC shares are listed on the Athens Stock Exchange (ASE:EEEK), with secondary listings on the London (LSE:CCB) and Australian (ASX:CHB) Stock Exchanges. Coca-Cola HBC's American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE:CCH).