COCA-COLA HBC S.A. - CCHBC AG Update on the announced share exchange offer

United States

                Separate documentation for the U.S. exchange offer will be made

available to holders of ordinary shares of Coca–Cola Hellenic located in the United States and holders of Coca-Cola Hellenic ADSs, wherever located. No offering of securities shall be made in the United States except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

                Coca–Cola HBC AG and Coca–Cola Hellenic may be required to file

materials relevant to the U.S. exchange offer with the U.S. Securities and Exchange Commission (the "SEC"). Such documents, however, may not all be currently available. INVESTORS ARE URGED TO READ ANY DOCUMENTS REGARDING THE POTENTIAL TRANSACTION FILED OR TO BE FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors will be able to obtain a free copy of such filings without charge, at the SEC's website (http://www.sec.gov) once such documents are filed with the SEC. Copies of such documents may also be obtained from Coca–Cola HBC AG and Coca–Cola Hellenic,without charge, once they are filed with the SEC.No offering of securities shall be made in the United States except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

                This regulatory announcement does not contain, constitute or

form part of any offer or invitation to sell or subscribe or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, and neither this announcement (nor any part of it) nor the fact of its distribution form the basis of, or may be relied upon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever.

European Economic Area

                In member states of the European Economic Area ("EEA") other

than Greece, the United Kingdom and Austria (from the time the Prospectus has been approved by the United Kingdom Listing Authority and published in accordance with the Prospectus Directive (2003/71/EC, as amended), as implemented in the United Kingdom; and in the case of Greece and Austria, passported), this announcement and any offer if made subsequently is directed only at persons who are "qualified investors" within the meaning of Article 2 (1)(e) of the Prospectus Directive (Directive 2003/71/EC, as amended) (" Qualified Investors"). Any person in the EEA who acquires securities in the Exchange Offer (an "investor") or to whom the Exchange Offer is made will be deemed to have represented and agreed that it is a Qualified Investor. Any investor will also be deemed to have represented and agreed that any securities acquired by it in the Exchange Offer have not been acquired on behalf of persons in the EEA other than Qualified Investors, nor have the securities been acquired with a view to their offer or resale in the EEA to persons where this would result in a requirement for publication by Coca–Cola HBC AG of a prospectus pursuant to Article 3 of the Prospectus Directive. Coca–Cola HBC AG and its affiliates and others will rely upon the truth and accuracy of the foregoing representations and agreements.

Cautionary Statement Regarding Forward-Looking Statements

                The information contained in this announcement is for

background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness. The information in this announcement is subject to change. The dates of the Exchange Offer and the Admission may change. There is no guarantee that the Exchange Offer and the Admission will occur and you should not base your financial decisions on Coca–Cola HBC AG's intentions at this stage in relation to the Exchange Offer and the Admission.

                This announcement contains forward-looking statements that

involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such as "believe," "outlook," "guidance," "intend," "expect," "anticipate," "plan," "target" and similar expressions to identify forward-looking statements. All statements other than statements of historical facts, including, among others, statements regarding expected take-up of the Exchange Offer; plans for Coca–Cola Hellenic and for Coca–Cola HBC AG following completion of the Exchange Offer; planned times and places of listings of the ordinary shares and American depositary shares of Coca–Cola HBC AG; planned de-listings and U.S. de-registration of the ordinary shares and American depositary shares of Coca–Cola Hellenic; Coca–Cola Hellenic's future financial position and results; Coca–Cola Hellenic's outlook for 2013 and future years; business strategy; the effects of the global economic slowdown; the impact of the sovereign debt crisis, currency volatility, Coca–Cola Hellenic's recent acquisitions, and restructuring initiatives on Coca–Cola Hellenic's business and financial condition; Coca–Cola Hellenic's future dealings with The Coca–Cola Company; budgets; projected levels of consumption and production; projected raw material and other costs; estimates of capital expenditure and plans and objectives of management for future operations, are forward-looking statements. You should not place undue reliance on such forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect current expectations and assumptions as to future events and circumstances that may not prove accurate. Actual results and events could differ materially from those anticipated in the forward-looking statements for many reasons.

                Although Coca–Cola HBC AG believes that, as of the date of this

announcement, the expectations reflected in the forward-looking statements are reasonable, Coca–Cola HBC AG cannot assure you that future events will meet these expectations. Moreover, neither Coca–Cola HBC AG nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. After the date of this announcement, unless Coca–Cola HBC AG is required by law or the rules of the United Kingdom Financial Services Authority to update these forward-looking statements, Coca–Cola HBC AG will not necessarily update any of these forward-looking statements to conform them either to actual results or to changes in expectations.