FOR GENERAL RELEASE TO THE PUBLIC August 8, 2016 Collective Bargaining Agreement

As announced on July 27, 2016, the collective bargaining agreement negotiations between Coca-Cola İçecek and Tek-Gıda İş Sendikası (Labour Union), which has been ongoing for almost 4 months, were finalized after the end of business day on August 5, 2016 with agreement on the conditions summarized below. The said agreement includes comprehensive improvements and rearrangements as it is the first collective bargaining agreement since the expiry of the last agreement on March 31, 2012. The agreement covers the period of January 1, 2016 - December 31, 2017 and its signing is in process.

The main terms of the collective bargaining agreement are as follows;

  • For the first year of the agreement, gross wages of the union member employees will be increased by 700 TL per person per month and additionally 20 TL will be paid for each year of seniority, effective from 01.01.2016 on top of minimum wage increase. In the second year of the agreement, gross wages will be increased as per the Consumer Price Index plus 100 TL per person per month.

  • Annual social package will be increased by 31% for the first year and for the second year in line with Consumer Price Index.

  • In addition, for each year of seniority, 700 TL gross one-off payment will be made, collectively.

Company Profile

Coca-Cola İçecek (CCI) is the 5th 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 more than 10,000 people and has a total of 25 plants, offering a wide range of beverages to a consumer base of close to 380 million people. In addition to sparkling beverages, the product portfolio includes juice, water, sports and energy drinks, tea and ice 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.

Contacts

Orhun Köstem

Chief Financial Officer Tel: +90 216 528 4432

orhun.kostem@cci.com.tr

Deniz Can Yücel Investor Relations Manager Tel: +90 216 528 3386

deniz.yucel@cci.com.tr

Coca-Cola Icecek Investor Relations I Tel: +90 216 528 3392 I Fax: +90 216 510 7008 I CCI-IR@cci.com.tr I www.cci.com.tr

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Coca-Cola Içecek AS published this content on 08 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 August 2016 13:37:01 UTC.

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