TCCC to sell 18 million shares in Coca-Cola Amatil to purchase stake in Coca-Cola Korea

The Atlanta Journal-Constitution 09/28/07

Coke plans to sell part of its stake in Australian bottler Coca-Cola
Amatil to raise cash for new investments, the bottler announced
Thursday.

Coca-Cola
will sell nearly 18 million shares of Amatil, which represents about
3.4 percent of the bottler's total shares. Coke's cut of the company
will fall from 32 percent to 30 percent, according to Amatil.

The sale will be worth approximately $146 million in U.S. currency based on Amatil's current stock price.

Coke will use some of the capital to buy a 10 percent stake in
Coca-Cola Korea Bottling Company, which Amatil recently agreed to sell
to LG Household & Healthcare. The rest of the proceeds will fund
other unspecified "growth opportunities" in the region, according to
Amatil.

Coca-Cola Amatil says Coca-Cola Co to trim stake
REUTERS Thu Sep 27, 2007

SYDNEY (Reuters) - Australian soft drinks maker Coca-Cola Amatil Ltd
(CCL.AX: Quote, Profile, Research) said on Thursday the Coca-Cola
Company (KO.N: Quote, Profile, Research) plans to sell a stake of about
2.4 percent in Amatil to buy a stake in Amatil's former South Korean
business.

Coca-Cola Co will sell about 18 million Amatil shares through a book
build process to start on Thursday, after the market close. The U.S.
firm currently has 32 percent of Amatil.

At Thursday's closing price of A$9.25, the stake would be worth A$166.5 million ($146 million).

Coca-Cola Amatil sold its South Korean business to LG Household
& Health Care (051900.KS: Quote, Profile, Research) in July for
A$520-A$545 million ($458-$480 million).

LG said soon after that it hoped to sell some of the shares to
Coca-Cola Co, and that it had sought Coca-Cola's participation from the
initial stage of its interest in the South Korean business.

Coca-Cola Co said in a statement the funds from the sale will be
used to acquire a 10 percent stake in the Korean business, as well as
to fund other growth opportunities in the region.

"This sale merely balances our investments in the region," Coca-Cola
Co said, adding it has no plans to sell any additional shares.

($1=A$1.14)

Coca-Cola Co to sell shares in CCA
THE AGE September 28, 2007

ATLANTA parent The Coca-Cola Company (TCCC) plans to sell 18 million
shares in Australian bottler Coca-Cola Amatil (CCA) to balance its
investment in the region.

The sale represents about 2.4 per cent of CCA's shares on issue, with TCCC holding a 32 per cent stake in the drinks bottler.

TCCC said funds from the sale would be used to acquire a 10 per cent
equity stake in the troubled Coca-Cola Korea Bottling Company (CCKBC),
which CCA is selling following an extortion attempt and related product
recall last year.

The deal with LG Household & Healthcare is expected to fetch $520 million to $545 million and be finalised by late October.

A TCCC spokesperson said proceeds from the CCA share sale would
"fund other opportunities in the region" but was unable to elaborate.

Coca-Cola Company chief financial officer Gary Fayard said CCA remained one of the most important and trusted bottling partners.

"We continue to be focused on the sustainable growth of our joint business," he said.

CCA shares fell 25¢ to $9.25.

Australia's Coca-Cola Amatil says top shareholder Coca-Cola Co. to sell 18 mln shares
SYDNEY (MarketWatch) --

Australian bottling group Coca-Cola Amatil Ltd. (CCL.AU) said
Thursday its major shareholder The Coca-Cola Co. plans to sell down its
stake in the group to help fund other opportunities in the Asia Pacific
region.
In a statement, Coca-Cola Amatil said Atlanta-based Coca-Cola Co. plans
to sell around 18 million shares in the group, or around 2.4% of its
issued capital, through a bookbuild to be undertaken Thursday afternoon.
The Coca-Cola Co. currently holds a 32% stake in the Australian business, which will fall to around 30% following the selldown.
The U.S. group plans to use the funds from the sale to fund the
acquisition of a 10% stake in Coca-Cola Korea Bottling Co., as well as
to fund other growth opportunities in the region.
"This sale merely balances our investments in the region," Coca-Cola Co. Chief Financial Officer Gary Fayard said.
"We continue to be focused on the sustainable growth of our joint
business, as evidenced by our remaining substantial holding in
Coca-Cola Amatil," he said.
"We have no plans to sell any additional shares."
Coca-Cola Amtail shares closed Thursday down 2.6% at A$9.25. At current
share prices, the shares to be sold would be worth around A$166.5
million (US$133.2 million).