Coca-Cola Enterprises, Inc. Announces Coca-Cola European Partners Registration Statement Declared Effective; CCE Special Shareowner Meeting Scheduled to Approve Transaction

ATLANTA–(BUSINESS WIRE)–Coca-Cola Enterprises (NYSE: CCE) (Euronext Paris: CCE) announced today
that the Securities and Exchange Commission (“SEC”) has declared
effective the Registration Statement of Coca-Cola European Partners
Limited (“CCEP”), which relates to the previously announced transaction
by which CCE, Coca-Cola Iberian Partners, S.A.U. (“CCIP”), and Coca-Cola
Erfrischungsgetränke GmbH (“CCEG”), a wholly owned subsidiary of The
Coca-Cola Company (NYSE: KO), will combine their businesses to create
the world’s largest independent Coca-Cola bottler, based on net sales.
The transaction remains on track to close by the end of second quarter,
2016.

CCE has filed its definitive proxy statement/prospectus with the SEC and
has set the date for a special shareowner meeting to approve the
transaction. The special shareowner meeting will be held at 8:00 a.m.,
May 24, 2016, in the Renaissance Atlanta Waverly Hotel & Convention
Center, 2450 Galleria Pkwy, Atlanta, GA 30339. Shareowners of record at
the close of business on April 8, 2016, are entitled to vote their
shares either in person or by proxy.

CCE is mailing proxy materials to its shareowners. The definitive proxy
statement/prospectus can also be found on the SEC’s website at www.sec.gov
and on CCE’s website at www.cokecce.com.

ABOUT CCE

Coca-Cola Enterprises, Inc. is the leading Western European marketer,
producer, and distributor of nonalcoholic ready-to-drink beverages and
one of the world’s largest independent Coca-Cola bottlers. CCE is the
sole licensed bottler for products of The Coca-Cola Company in Belgium,
continental France, Great Britain, Luxembourg, Monaco, the Netherlands,
Norway, and Sweden. CCE operates with a local focus and has 17
manufacturing sites across Europe, where the company manufactures nearly
90 percent of its products in the markets in which they are consumed.
Sustainability is core to CCE’s business, and the company has been
recognized by leading organizations in North America and Europe for its
progress in water use reduction, carbon footprint reduction, and
recycling initiatives. For more information about CCE, please visit www.cokecce.com
and follow the company on Twitter at @cokecce.

FORWARD-LOOKING STATEMENTS

This communication may contain statements, estimates or projections
that constitute “forward-looking statements” as defined under U.S.
federal securities laws. Generally, the words “believe,” “expect,”
“intend,” “estimate,” “anticipate,” “project,” “plan,” “seek,” “may,”
“could,” “would,” “should,” “might,” “will,” “forecast,” “outlook,”
“guidance,” “possible,” “potential,” “predict” and similar expressions
identify forward-looking statements, which generally are not historical
in nature. Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
The Coca-Cola Company’s (“KO”), Coca-Cola Enterprises, Inc.’s (“CCE”) or
Coca-Cola European Partners Limited’s (“CCEP”) historical experience and
their respective present expectations or projections, including
expectations or projections with respect to the transaction. These risks
include, but are not limited to, obesity concerns; water scarcity and
poor quality; evolving consumer preferences; increased competition and
capabilities in the marketplace; product safety and quality concerns;
perceived negative health consequences of certain ingredients, such as
non-nutritive sweeteners and biotechnology-derived substances, and of
other substances present in their beverage products or packaging
materials; increased demand for food products and decreased agricultural
productivity; changes in the retail landscape or the loss of key retail
or foodservice customers; an inability to expand operations in emerging
or developing markets; fluctuations in foreign currency exchange rates;
interest rate increases; an inability to maintain good relationships
with their partners; a deterioration in their partners’ financial
condition; increases in income tax rates, changes in income tax laws or
unfavorable resolution of tax matters; increased or new indirect taxes
in the United States or in other tax jurisdictions; increased cost,
disruption of supply or shortage of energy or fuels; increased cost,
disruption of supply or shortage of ingredients, other raw materials or
packaging materials; changes in laws and regulations relating to
beverage containers and packaging; significant additional labeling or
warning requirements or limitations on the availability of their
respective products; an inability to protect their respective
information systems against service interruption, misappropriation of
data or breaches of security; unfavorable general economic or political
conditions in the United States, Europe or elsewhere; litigation or
legal proceedings; adverse weather conditions; climate change; damage to
their respective brand images and corporate reputation from negative
publicity, even if unwarranted, related to product safety or quality,
human and workplace rights, obesity or other issues; changes in, or
failure to comply with, the laws and regulations applicable to their
respective products or business operations; changes in accounting
standards; an inability to achieve their respective overall long-term
growth objectives; deterioration of global credit market conditions;
default by or failure of one or more of their respective counterparty
financial institutions; an inability to timely implement their
previously announced actions to reinvigorate growth, or to realize the
economic benefits they anticipate from these actions; failure to realize
a significant portion of the anticipated benefits of their respective
strategic relationships, including (without limitation) KO’s
relationship with Keurig Green Mountain, Inc. and Monster Beverage
Corporation; an inability to renew collective bargaining agreements on
satisfactory terms, or they or their respective partners experience
strikes, work stoppages or labor unrest; future impairment charges;
multi-employer plan withdrawal liabilities in the future; an inability
to successfully manage the possible negative consequences of their
respective productivity initiatives; global or regional catastrophic
events; risks and uncertainties relating to the transaction, including
the risk that the businesses will not be integrated successfully or such
integration may be more difficult, time-consuming or costly than
expected, which could result in additional demands on KO’s or CCEP’s
resources, systems, procedures and controls, disruption of its ongoing
business and diversion of management’s attention from other business
concerns, the possibility that certain assumptions with respect to CCEP
or the transaction could prove to be inaccurate, the failure to receive,
delays in the receipt of, or unacceptable or burdensome conditions
imposed in connection with, all required regulatory approvals and the
satisfaction of the closing conditions to the transaction, the potential
failure to retain key employees of CCE, Coca-Cola Iberian Partners,
S.A.U. (“CCIP”) or Coca-Cola Erfrischungsgetränke GmbH (“CCEG”) as a
result of the proposed transaction or during integration of the
businesses and disruptions resulting from the proposed transaction,
making it more difficult to maintain business relationships; and other
risks discussed in KO’s and CCE’s filings with the Securities and
Exchange Commission (the “SEC”), including their respective Annual
Reports on Form 10-K for the year ended December 31, 2015, which filings
are available from the SEC, and the registration statement on Form F-4,
file number 333-208556, that includes a proxy statement of CCE and a
prospectus of CCEP, which was filed with the SEC by CCEP. You should not
place undue reliance on forward-looking statements, which speak only as
of the date they are made. None of KO, CCE, CCIP or CCEP undertakes any
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.
None of KO, CCE, CCIP or CCEP assumes responsibility for the accuracy
and completeness of any forward-looking statements. Any or all of the
forward-looking statements contained in this filing and in any other of
their respective public statements may prove to be incorrect.

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of any
vote or approval.

IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT

CCEP has filed with the SEC a registration statement on Form F-4,
file number 333-208556, which was declared effective on April 11, 2016.
The registration statement includes a proxy statement of CCE that also
constitutes a prospectus of CCEP, which is expected to be mailed to CCE
stockholders on or about April 13, 2016. INVESTORS ARE URGED TO READ THE
DEFINITIVE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND
SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE TRANSACTION
FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION. You may obtain a copy of the proxy
statement/prospectus and other related documents filed by KO, CCE or
CCEP with the SEC regarding the proposed transaction as well as other
filings containing information, free of charge, through the website
maintained by the SEC at www.sec.gov,
by directing a request to KO’s Investor Relations department at (404)
676-2121, or to CCE’s Investor Relations department at (678) 260-3110,
Attn: Thor Erickson – Investor Relations.

PARTICIPANTS IN SOLICITATION

KO, CCE and CCEP and their respective directors, executive officers
and certain other members of management and employees may be deemed to
be participants in the solicitation of proxies in favor of the proposed
merger. Information regarding the persons who may, under the rules of
the SEC, be considered participants in the solicitation of proxies in
favor of the proposed merger is set forth in the definitive proxy
statement/prospectus filed with the SEC. You can find information about
KO’s and CCE’s directors and executive officers in their respective
definitive proxy statements filed with the SEC on March 10, 2016, and
March 9, 2016, respectively. You can obtain free copies of these
documents from KO and CCE, respectively, using the contact information
above. Information regarding CCEP’s directors and executive officers is
available in the definitive proxy statement/prospectus filed with the
SEC.

Contacts

Coca-Cola Enterprises, Inc.
Investor Relations
Thor
Erickson, +1-678-260-3110
or
U.S. Media Relations
Fred
Roselli, +1-678-260-3421
or
European Media Relations
Ros
Hunt, +44 (0) 7528 251 022