The Coca-Cola Company to Commence Exchange Offer

The Coca-Cola Company (NYSE: KO) today announced that it plans to commence an offer to certain eligible holders to exchange specified series of outstanding debt securities issued by Coca-Cola Refreshments USA, Inc., a wholly-owned subsidiary of the Company, in exchange for a combination of debt securities to be issued by the Company and cash, the complete terms of which will be set forth in an Offering Memorandum, dated today, and the related Letter of Transmittal.

The exchange offer is expected to consist of:

an offer to exchange up to $1,000,000,000 in principal amount of the 7.375% notes due 2014, 4.25% notes due 2015, 5.00% notes due 2013, 3.75% notes due 2012 and 8.50% notes due 2012 issued by CCR for notes due 2016 issued by the Company and cash; and

an offer to exchange up to $1,000,000,000 in principal amount of the 8.50% notes due 2022, 8.00% notes due 2022, 6.75% notes due 2023, 7.125% notes due 2017, 4.50% notes due 2019, 7.00% notes due 2026, 6.95% notes due 2026, 6.75% notes due 2028, 6.70% notes due 2036, 6.75% notes due 2038 and Zero Coupon Notes due 2020 issued by CCR for notes due 2021 issued by the Company and cash