Coca Cola Amatil : Property optimisation generates $77m in WA SA and NZ »

Coca-Cola Amatil Limited ABN 26 004 139 397

Media Release

19 December 2018

COLA-COLA AMATIL GENERATES $77M FROM PROPERTY OPTIMISATION

FROM WESTERN AUSTRALIA, SOUTH AUSTRALIA & NZ

Coca-Cola Amatil today announced completion of three major property transactions with combined sale proceeds of $77 million, resulting in one-off gains of approximately $50m for the company.

The transactions are:

• •Purchase by Kiwi Property of a substantial area of warehouse land inCarbine Road, Auckland;

• •Sale and leaseback of Amatil's principal bottling site inKewdale, Western Australia, with Charter Hall; and

• •Sale to AnglicareSA of a site inLight Terrace, Adelaide, adjacent to (but not including) the main bottling facility in Port Road.

The individual transactions were flagged at the company's 2018 Investor Day. Proceeds from the sales would offset one-off costs of approximately $50 million in 2018 to support restructuring programs, primarily in the Australian Beverages business.

Since 2017, Amatil's Property Division has taken a group-wide approach to asset management of owned and leased properties, leading to the sale of sites and facilities that were surplus to requirements, as well as the 2017 record-breaking sale and leaseback of the company's flagshipRichlands site in Queensland, in which over $160m is being invested.

General Manager of Group Property, Matt Toohey said the transactionsdemonstrated Amatil'songoing commitment to operational improvement and optimisation, focused on property utilisation, releasing value and boosting capital efficiency.

"We have enormous strengths in manufacturing, commercial and warehousing property, andwe're keen to maximise its use," Mr Toohey said.

"Our recent strategic review of properties identified opportunities to improve utilisation of space and extract additional value through sales or sale and leaseback arrangements where appropriate.

"We continue to consider and implement the review outcomes. These three transactions have delivered solid commercial outcomes and some excellent opportunities for our partners."

Amatil'sGroup Property Division has also commenced a rollout of a new Property Management System to provide increased controls and insights across the portfolio; commenced a review of the property footprint to develop long term plans for all manufacturing sites; and overhauled Facilities Management processes.

For further information:

Patrick Low

Mobile: [phone] Email:[e-mail]

About Coca-Cola Amatil:Coca-Cola Amatil is one of the largest manufacturers and distributors of ready-to-drink non-alcohol and alcohol beverages, coffee and ready-to-eat food snacks in the Asia Pacific region. Coca-Cola Amatil is also the authorised manufacturer and distributor of The Coca-Cola Company's beverage brands in Australia, NewZealand, Fiji, Indonesia, Papua New Guinea and Samoa. Coca-Cola Amatil directly employs around 13,000 people and indirectly creates thousands more jobs across the supply chain, partnering with key suppliers to manufacture, package, sell and distribute its products. With access to more than 270 million potential consumers through more than 950,000 active customers Coca-Cola Amatil is committed to leading through innovation and building a sustainable future and delivering long-term value to shareholders.www.ccamatil.com