Coca Cola Icecek : 1H16 Sales Volume Announcement

Slide 1 FIRST SIX MONTHS 2016 VOLUME ANNOUNCEMENT

Istanbul, 13 July 2016 - Coca-Cola Icecek (BIST: CCOLA.IS) today announced:

Consolidated Sales Volume

Consolidated sales volume increased by 4.9% to 360 mn uc in 2Q16, while volume was up by 3.6% to 582 mn uc in 1H16. Turkey sales volume made up 50% of total volume in 1H16, compared to 51% in 1H15.

Volume (mn uc)	2Q16	2Q15	2Q16/2Q15 Δ	1H16	1H15	1H16/1H15 Δ
Consolidated	360 343		4.9%	582	562	3.6%
Turkey	176	170	3.6%	292	285	2.6%
International	184	173	6.3%	290	277	4.7%

Turkey Sales Volume

Turkey operations delivered 3.6% volume growth in 2Q16 while sales volume was up by 2.6% to 292 mn uc in the first half of 2016.

In 2Q16, Ramadan campaigns and consumer activities such as 'Taste the Feeling' campaign, National Football League and Eurocup activations had a positive impact on volume figures.

Sparkling category volume registered 2.7% growth in 2Q16 with the number of transactions slightly lagging behind volume growth, which is mainly attributable to Ramadan promotions supporting future consumption (FC) packages. Sparkling volume declined by 2.1% in 1H16 due to contraction in the first quarter. Nonetheless, transactions grew ahead of unit case volumes in 1H16.

Still beverages, including water, grew by 4.5% in 2Q16, driven by double digit volume growth of the ice tea and high single digit growth in water categories. In the first half of the year, still category delivered 12.6% volume growth, led by water and ice tea categories.

Non-ready-to-drink (NRTD) tea category delivered 5.8% and 2.9% volume growth in 2Q16 and 1H16, respectively.

International Sales Volume

International operations delivered 6.3% volume growth in 2Q16, mainly driven by Pakistan operations. Sales volume growth of international operations reached 290 mn uc in the first half of the year, translating into 4.7% yoy growth.

In Pakistan, volume growth was quite strong in 2Q16 with 28.1%, bringing 1H16 figure to 22.6%. 'Taste the Feeling' campaign, Ramadan campaigns and new product launches, such as Coke Zero and new flavors of Fanta, contributed to volume growth in the second quarter of the year. Sparkling category registered 30.1% growth in 2Q16, carrying 1H16 figure to 23.8% growth. Effective discount management continues to support both volumes and profitability in Pakistan.

Central Asia volume was down by 16.8% in 2Q16, bringing 1H16 figure to 14.8% contraction, cycling the strong base of 1H15, especially in Kazakhstan. Central Asia delivered a better-than-planned performance thanks to higher than expected oil prices stimulating the economic recovery. However, volume contraction continued due to the sharp currency devaluations towards the end of 2015. Sales volume of Kazakhstan, CCI's flagship market in the region, was down by 14.7% and 13.4% in 2Q16 and 1H16, respectively.

Across Middle East, volume contracted by 7.9% in 2Q16, while 1H16 volume figure was down by 3.8%. Given the challenging macroeconomic environment in South Iraq and escalating security issues in North Iraq, total Iraq volume contracted by 9.4% in 2Q16 and 6.1% in 1H16. Jordan, a relatively smaller market for CCI, posted low single digit volume growth in 2Q16 with 1H16 volume growth reaching 11.5%.

Enquiries
Investor Contact:
Cigdem Gures Erden Treasury and Investor Relations Director	Tel:+90 216 528 4490 email: cigdem.gures@cci.com.tr
Dr. Deniz Can Yücel Head of Investor Relations	Tel:+90 216 528 3386 email: deniz.yucel@cci.com.tr
Dr. Nebahat Rodoplu Investor Relations Executive	Tel:+90 216 528 3392 email: nebahat.rodoplu@cci.com.tr
Özge Taşkeli Investor Relations Executive	Tel:+90 216 528 4382 email: ozge.taskeli@cci.com.tr
Media Contact:
Burçak Akçay Turkeri Corporate Affairs Manager	Tel:+90 216 528 3351 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 25 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.

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