Athens, Greece - 15 December 2005 - Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) announced today that its subsidiary 3E (Cyprus) Limited (3E Cyprus) has decided to submit a public offer ("Public Offer"), to the shareholders of Lanitis Bros Public Limited (Lanitis Bros) for the acquisition of up to 100% of the issued share capital of Lanitis Bros.

The consideration to be offered for each share in Lanitis Bros shall be CYP0,172 (seventeen cents and two tenths of a cent) in cash. The current number of shares outstanding in Lanitis Bros is 250,000,000 and one Cypriot Pound is equivalent to approximately 1.75 Euros.

Mr Vladimiros Lanitis, who holds 50.60% of the issued share capital of Lanitis Bros, has agreed and has committed to accept the Public Offer. In view of this commitment, Three Epsilon Cyprus intends to purchase the rest of the shares tendered through the Public Offer.

If more than 90% of the shares are tendered in the Public Offer, 3E Cyprus will exercise its right under article 201 of the Companies Law to acquire the remainder of the shares.

In the event that the Public Offer results in less than 90% of the shares being tendered, the Board of the Cyprus Stock Exchange may decide, subject to approval by the Cypriot Capital Markets Commission, to delist the shares of Lanitis Bros if the dispersion of the shares to the public is deemed inadequate under Cyprus Securities and Stock Exchange Law.

3E Cyprus will seek to obtain the approvals required for the Public Offer under the laws on the Protection of Competition and Concentration of Business.

The full data and information of the Public Offer will be included in the Public Offer document to be prepared according to the disclosure requirements of Cyprus Securities and Stock Exchange Law.

Mr Doros Constantinou, Managing Director of CCHBC, commented: "I am pleased that we have reached an agreement to purchase Mr. Lanitis' shares and am optimistic for the success of this Public Offer. Lanitis Bros is a successful business, and the acquisition follows our strategy of seizing tactical opportunities as they arise and provides a natural geographic fit. We anticipate operational synergies and benefits to arise from a two-way sharing of expertise."

3E Cyprus is a Cyprus company. It is a wholly-owned subsidiary of Coca-Cola HBC which is established and based in Athens. 3E Cyprus, as a member of Coca-Cola HBC, has operations in 19 countries.

Lanitis Bros Public Limited is engaged in the production, distribution and sales of commercial beverages and holds the franchise for products of The Coca-Cola Company in Cyprus. Lanitis Bros Public Limited also has a range of fruit juices, dairy products and other beverages. The company was founded by the N. Lanitis family in 1943 and has been listed on the Cyprus Stock Exchange since October 2000.

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 approximately 540 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
George Toulantas
Tel: +30 210 618 3100
e-mail: investor.relations@cchbc.com

European Press Contact:
Financial Dynamics Athens
Alastair Hetherington Tel: (+30) 210 725 8194
Mobile: (+30) 694 775 2284
e-mail: alastair.hetherington@fd.com

US Press Contact:
Financial Dynamics US
Jim Olecki
Tel: +1 212 850 5600
e-mail: jolecki@fd-us.com

Coca-Cola HBC's website is located at www.coca-colahbc.com.