FOR GENERAL RELEASE TO THE PUBLIC August 26, 2016 Fitch Credit Rating

Fitch Ratings has changed the Outlook of the Long-Term Foreign Currency Issuer Default Ratings (IDRs) of Coca-Cola İçecek A.Ş. (CCI) from Stable to Negative, while keeping the Outlook for its Local Currency IDR as Stable. All ratings (Long Term Foreign Currency and Local Currency Issuer Default rating (IDR) and senior unsecured rating) have been affirmed at 'BBB'.

The rating actions follow Fitch's affirmation of Turkey's Long-Term Foreign and Local Currency IDRs at 'BBB-', and the change of Turkey's Outlooks from Stable to Negative.

The CCI's BBB rating is one notch above the sovereign rating.

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 380 million people. In addition to sparkling beverages, the product portfolio includes juice, water, sports and energy drinks, tea 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.

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 70 08 I CCI-IR@cci.com.tr I www.cci.com.tr

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Coca-Cola Içecek AS published this content on 26 August 2016 and is solely responsible for the information contained herein.
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