Completion of the acquisition of Greek potato chip company Tsakiris

Coca-Cola Hellenic Bottling Company S.A. announces completion of the acquisition of Greek potato chip company Tsakiris

Athens, Greece ? 30 December 2003 ? Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC), announced today the completion of its acquisition of 100% of the Greek potato chip company, Tsakiris S.A., the second biggest brand in the Greek potato chip market with annual revenues of approximately ?6 million and market share of around 10%. Tsakiris is a wholly-owned subsidiary of Athens Exchange (ATHEX) listed Plias S.A.

The acquisition, for a cash consideration of 6.2 million euros, has been approved by the CCHBC Board following legal and financial due diligence and receipt of an independent fairness opinion on the purchase price.

Doros Constantinou, Managing Director of CCHBC, commented:

'This transaction brings CCHBC a well-known Greek brand with significant potential. We will be able to leverage our unique domestic infrastructure to develop the strong heritage of this brand. While the group?s strategy to grow and develop our carbonated and non-carbonated beverages remains unchanged, Tsakiris complements well our diverse non-alcoholic beverage portfolio in Greece and provides an excellent opportunity to explore the potential synergies between the two sectors in one of our most established markets.'


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