Slide 1

NEWSRELEASE

FIRST HALF 2015 VOLUME ANNOUNCEMENT

Istanbul, 9 July 2015 - Coca-Cola Icecek (BIST: CCOLA.IS) today announced:

Second Quarter 2015 Sales Volume Highlights

• Consolidated sales volume down by 0.4%

• Turkey sales volume down by 1.4%

• International sales volume up by 0.7%

First Half 2015 Sales Volume Highlights

• Consolidated sales volume down by 1.1%

• Turkey sales volume down by 4.2%

• International sales volume up by 2.2%

Consolidated Sales Volume

Consolidated sales volume declined by 1.1% in 1H15 to 561 mn uc, cycling 10% volume growth in

1H14. Following the 2.3% contraction in the first quarter of the year, volume momentum improved in the second quarter, as the impact of high base of the last year is easing gradually.

Volume performance in Turkey started showing signs of improvement in the second quarter despite adverse weather conditions, weak consumer sentiment and the strong pricing.

Central Asian markets also showed some recovery supported by Kazakhstan, the largest market in the region, posting 2.8% volume growth in the second quarter, following 2.4% contraction in the first quarter.

International sales volume accounted for 49% of total volume in 1H15 compared to 48% in 1H14.


Coca-Cola Icecek Investor Relations I CCI-IR@cci.com.tr I www.cci.com.tr

NEWSRELEASE

Turkey Sales Volume

Turkey sales volume declined by 1.4% in 2Q15, while 1H15 volume figure was down by 4.2% to 285 mn uc. Turkey operations cycled a high base during the first half of the year, given respective 7.2% and 4.1% volume growth rates in 1Q14 and 2Q14.
Following the 8.0% contraction in the first quarter of 2015, volume performance showed a gradual recovery in 2Q15. However, it remained in the negative territory, reflecting unfavorable weather, ongoing weakness in consumer sentiment and high base of 2Q14. Higher number of rainy days and lower temperatures in most part of the month of June resulted in softer volumes in early summer. Meanwhile, as the Ramadan period started in the third week of June, the impact of Ramadan promotions would mostly be observed in 3Q15.
Excluding tea, volume contraction in the core business was only 0.3% in 2Q15. Volume of the tea category decreased by 7.7% in 2Q15 after 30.7% growth in 2Q14, in line with the initiatives to optimize the sales mix.
Price increases implemented on immediate consumption (IC) packages in early 2015 and future consumption (FC) packages in 2Q15 also had a slowing impact on sales volume. As a result, number of transactions were down by 2.9%, whereas volume of the sparkling category was down by 5.6% in 1H15. On the other hand, both volume figures and transaction numbers recovered gradually in 2Q15, supported by Coca-Cola TV commercials and campaigns. Contraction in FC packages' volume continued albeit at a slower pace, while IC packages posted growth in 2Q15, both in terms of volume and transaction numbers. Coca-Cola Zero and Sprite continued to outperform the category with 8.8% and 34.6% volume growth, respectively.
Still beverages, excluding water, grew by 6.7% in 1H15 on the back of double digit growth in ice tea and mid single digit growth in juice categories. Both IC and FC packages registered volume growth in the total still mix.
Sales volume of the water category increased by 4.7% in 1H15. The product mix continued to evolve in favor of profitable IC packages and HOD (Home and Office, Delivery) segment recorded some contraction.

International Sales Volume

International operations delivered 0.7% and 2.2% volume growth in 2Q15 and 1H15, respectively. Sales volume of international operations reached 277 mn uc in the first half of the year. The deceleration in the volume growth was mainly attributable to slower growth in Pakistan and Central Asia.
In Pakistan, following 12.7% volume growth in the first quarter of the year, sales volume growth continued at a slower pace with 3.0% in 2Q15. As CCI's market share gains accelerated in 2014, the competitive landscape in the country continues to change dramatically and more aggressive trade pricing environment prevails in the market. As CCI rationalizes trade discounts in the market starting from end of 2Q15, a more balanced volume vs. profitability growth is expected for the rest of the year. During 1H15, Contour 100 and Ramadan campaigns supported volume growth in Pakistan.
Central Asia posted 0.7% volume growth in 2Q15 as Kazakhstan, the largest market in the region, registered
2.8% volume growth following the contraction in the first quarter of the year. New pack introductions of Fanta Strawberry and consumer campaign 'Share a Coke' in Kazakhstan contributed to volume growth. As the possibility about a potential devaluation continues to ease off, Kazakhstan achieves positive momentum starting from 2Q15. However, conditions remain challenging in other markets in Central Asia where local currencies devalued. Volume growth has either decelerated or recorded slight contraction across these markets in 1H15. Azerbaijan market contracted in double digits in 2Q15, due to repercussions of the sharp devaluation in early 2015.
Across Middle East, volume was down by 2.9% in 1H15, mainly driven by Iraq, where the total volume was down by 4.6% reflecting the high base of 1H14, negative impacts of the upheaval in North Iraq and some contraction in the South Iraq due to weaker trading environment resulting from lower oil prices.

Coca-Cola Icecek Investor Relations I CCI-IR@cci.com.tr I www.cci.com.tr

NEWSRELEASE

Investor Contact:


Enquiries

Dr. Deniz Can Yücel Tel:+90 216 528 3386

Head of Investor Relations email: deniz.yucel@cci.com.tr

Dr. Nebahat Rodoplu Tel:+90 216 528 3392

Investor Relations Executive email: nebahat.rodoplu@cci.com.tr

Özge Taşkeli Tel:+90 216 528 4382

Investor Relations Executive email: ozge.taskeli@cci.com.tr

Media Contact:

Burçak Akçay Turkeri Tel:+90 216 528 3351

Corporate Affairs Manager email: burcak.turkeri@cci.com.tr

Company Profile

Coca-Cola İçecek (CCI) is the fifth-largest bottler in the Coca-Cola System in terms of sales volume. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company (TCCC) across Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan.

CCI employs over 10,000 people and has a total of 24 plants, offering a wide range of beverages to a consumer base of more than 370 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, teas and iced teas.

CCI's shares are traded on Borsa Istanbul (BIST) under "CCOLA.IS", American depositary receipts (ADR) are traded over the counter in the United States under "COLAY", Eurobond is traded on Irish Stock Exchange under "CCOLAT" tickers.

Reuters CCOLA.IS Bloomberg CCOLA TI ADR-OTC Eurobond - Irish Stock Exchange COLAY CCOLAT



Coca-Cola Icecek Investor Relations I CCI-IR@cci.com.tr I www.cci.com.tr

distributed by