Coca-Cola Japan Company Acquires 34% Interest in Tokyo Coca-Cola Bottling Company

The Coca-Cola Japan Company (the "Company") and Tokyo Coca-Cola
Bottling Company, Limited (the "Bottler") today announced that they
have reached a definitive agreement under which the Company will
acquire a 34% ownership stake in the Bottler through the purchase of
newly-issued shares.

On June 25, the Company celebrated its 50th anniversary. The
Bottler, meanwhile, the first Coca-Cola bottling partner in Japan, is
also commemorating 50 years in business this year. Over the past 50
years, both companies played leading roles in the Coca-Cola system in
Japan, and both exerted great efforts toward the development of the
Coca-Cola business in Japan.

This transaction reflects the commitment of both companies to
effectively build a mutually strong, close relationship between them
in both word and deed in order to realize and further the sustainable
growth of the Coca-Cola system in the Japanese market over the next 50
years and beyond. Under the terms of the agreement, the Company will
work with the Bottler to identify a new president and appoint one
third of the Board. Representative Director and President of the
Bottler, Keiji Takanashi, will continue in management as chairman and
ceo and representative director, whereby supporting the new management
team.

As strategic partners, both companies will collaborate in tackling
new initiatives in the Tokyo market as they head toward the future,
and will strive towards realizing synergies for the Coca-Cola system
in order to achieve sustainable growth at a level higher than at
present.

(Overview of the Company and the Bottler)

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(1) Company Name Coca-Cola (Japan) Co., Tokyo Coca-Cola
Ltd. Bottling Co., Ltd.
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(2) Main Businesses Manufacture and sale Manufacture and sale of
of non-alcoholic non-alcoholic
beverage concentrate beverages
- Sales territory:
Tokyo
- Sales offices: 32
bases and 45 sales
offices in Tokyo
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(3) Date of June 1957 November 1956
Establishment
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(4) Head Office Address 4-6-3 Shibuya, 2-15-6 Shibaura,
Shibuya-ku Minato-ku
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(5) Representative Daniel H. Sayre Keiji Takanashi
Representative Representative Director
Director and and President
President
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(6) Capital Yen 3.6 billion Yen 5.505 billion
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(7) Number of Employees 495 (As of January 31, 1,085 (As of April 1,
2007) 2007)
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(8) Major Shareholders The Coca-Cola Export Marujin Holdings Co.,
Corporation Ltd.
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