News Release

THE COCA-COLA COMPANY REPORTS FOURTH QUARTER AND YEAR-END 2004 RESULTS

Reported earnings per share of $0.50 for the fourth quarter and $2.00 for the full year.

Excluding items impacting comparability, earnings per share of $0.46 for the fourth quarter and $2.06 for the full year.

Cash from operations for the year increased 9 percent to $6.0 billion and the Company expects strong cash flows to continue in the future.

Worldwide unit case volume growth of 2 percent for the full year.

Atlanta, February 16, 2005 - The Coca-Cola Company today reported fourth quarter earnings per share of $0.50, compared with $0.38 for the prior year fourth quarter. Reported earnings per share for the full year were $2.00, compared with prior year earnings of $1.77 per share.

Neville Isdell, chairman and chief executive officer, commented, "We are not satisfied with our performance in 2004. By most measures, we did not perform to our potential or the expectations of our shareowners. On the whole, I believe 2004 will be remembered as the beginning of an important transition for The Coca-Cola Company. We are making the necessary course correction that will enable us to fulfill our enormous potential, accelerate growth and create value for shareowners over the longterm."

Review the complete Fourth Quarter and Year-End 2004 Earnings Release