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News Release

THE COCA-COLA COMPANY REPORTS FIRST QUARTER 2006 RESULTS

Worldwide unit case volume up 5 percent.

EPS of $0.47 reduced by $0.02 for items impacting comparability; $0.49 before these items.

Dividend per share raised by 11 percent.

Atlanta, April 19, 2006 - The Coca-Cola Company today reported first quarter earnings per share of $0.47, including a net reduction of $0.02 per share primarily related to non-cash impairment charges of certain assets and investments in the bottling operations in Asia. Earnings per share for the first quarter of 2005 were $0.42 and included a net charge of $0.05 per share.

Chairman and CEO Neville Isdell said, "This quarter underscores that we are on track to deliver on our long-term growth targets. Spurred by innovation and execution in key markets and increasing success in stabilizing some challenging ones, we effectively balanced results across our global operations to deliver 5 percent volume growth - 3 percent in carbonated and 11 percent in noncarbonated beverages - ahead of our long-term target. Strong growth in our Latin America group and our other emerging markets, along with another solid quarter in North America, is helping to drive our business.

"Since the end of 2005, we have introduced significant new products, including Coca-Cola Blak in France and the U.S., Coca-Cola Zero in Australia and Tab Energy, Vault, Dasani Sensations, and Simply Lemonade in the U.S. In North America, we launched the first fully integrated, cross-media campaign for Brand Coke in our Company's history, "The Coke Side of Life," supported by an increased level of marketing investment.

"These strong introductions, combined with the equally strong pipeline of innovation in both our carbonated and noncarbonated beverage brands, give me confidence that we will achieve our business objectives and, in doing so, create sustained growth and value for the benefit of our shareowners and other stakeholders."

Review the complete First Quarter 2006 Results

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