Coca Cola Icecek : CCI 2016 Sales Volume

Istanbul, 12 January 2017 - Coca-Cola Icecek (BIST: CCOLA.IS) today announced:

Consolidated Sales Volume

Consolidated sales volume increased by 5.0% in 4Q16, while volume growth for FY16 was 3.2%, in line with company guidance. The share of Turkey operations within total sales volume remained the same vs. a year ago, at 51%.

Turkey operations delivered 1.4% volume growth in FY16 as sales volume grew by 1.8% in 4Q16.

During 2016, the 'Taste the Feeling' campaign, Ramadan campaigns, National Football League and Eurocup activations supported volume performance.

Sparkling category volume contracted by 5.9% in 4Q16, cycling strong growth of 13.7% in 4Q15. The growth in the number of transactions lagged behind volume growth in 4Q16 and FY16, attributable to promotions supporting future consumption (FC) packages. Sparkling volume declined by 1.8% in FY16, reflecting weak consumer sentiment during most of the year and weaker tourism activity throughout the high season.

Still category volume contracted by 2.3% in 4Q16, mainly led by juice and water while ice tea continued to post double digit volume growth. On the other hand, the category delivered 6.9% volume growth in FY16, mainly driven by water and ice tea.

The non-ready-to-drink (NRTD) tea category posted 28.4% and 3.5% volume growth in 4Q16 and FY16, respectively.

International operations delivered 8.7% volume growth in 4Q16 as Pakistan operations continued to post double digit volume growth and Central Asia operations turned positive, cycling 12.2% volume contraction in 4Q15. Sales volume of international operations posted 5.2% growth in FY16.

In Pakistan, volume growth was 13.1% in 4Q16, bringing the FY16 figure to 18.6%. Successful campaigns and new product launches, such as Coke Zero and new Fanta flavors, contributed to volume growth throughout 2016. Sparkling category registered 14.3% growth in 4Q16, while the category posted 19.3% growth in FY16. Effective management of discounts and increasing focus on revenue growth management continue to support volume and profitability in Pakistan.

Following five consecutive quarters of volume contraction, Central Asia posted 7.6% volume growth in 4Q16. Recovery in oil prices and the low base of 4Q15 supported volume growth in the last quarter of 2016 while FY16 volume ended down by 9.6%. Sales volume in Kazakhstan, CCI's flagship market in the region, was up by 14.3% in 4Q16, bringing FY16 figure to 6.6% contraction. Azerbaijan, on the other hand, continued to post double digit contraction due to the weak macroeconomic backdrop.

Across the Middle East, sales volume grew by 2.8% in 4Q16. Volumes contracted by 0.6% in FY16, mainly due to lower performance in South Iraq. Given the macroeconomic and political challenges in South Iraq and ongoing security issues in North Iraq, total Iraq volume contracted by 2.0% in FY16, with 3.0% volume growth in the last quarter. Jordan was able to post low single digit volume growth in 4Q16, bringing overall growth of 7.6% in FY16.

Investor Contact:

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

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

Özge Taşkeli Tel:+90 216 528 4382

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

Media Contact:

Burcu Coskun Tel:+90 216 528 3349

Corporate Affairs Manager email: burcu.coskun@cci.com.tr

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.