News Release

THE COCA-COLA COMPANY REPORTS THIRD QUARTER AND YEAR-TO-DATE 2006 RESULTS

Worldwide unit case volume up 5 percent for the third quarter, led by 7 percent growth in International.

Carbonated beverages grew 5 percent in the quarter - highest growth since 2000.

Third quarter EPS of $0.62 up 15 percent; 9 percent after considering items impacting comparability.

Atlanta, October 19, 2006 - The Coca-Cola Company today reported third quarter earnings per share growth of 15 percent on a reported basis and 9 percent after considering items impacting comparability. Earnings per share for the third quarter were $0.62 and included a charge primarily related to asset impairment and restructuring charges, offset by a benefit primarily related to the reversal of a tax valuation allowance. In addition, the Company has lowered its expected underlying effective tax rate on operations for 2006 and 2007 to 23.5 percent from 24.0 percent, providing a $0.01 per share benefit in the quarter. Earnings per share for the third quarter of 2005 were $0.54 and included a net reduction of $0.03 per share for items impacting comparability.

Chairman and CEO Neville Isdell said, "I am pleased with our performance in the quarter and year-to-date, with most key markets making a positive contribution. Once again we produced solid results and cycled 5 percent volume growth in the prior year quarter by successfully balancing performance across our global markets as well as our product portfolio.

"The effective execution of our strategy and investments in key marketing and innovation initiatives were instrumental in the 5 percent unit case volume growth, with 5 percent in carbonated beverages and 5 percent in noncarbonated beverages. We continue to achieve strong growth in emerging markets, including Brazil, China and Russia, as well as in other important markets across Latin America. Europe had a strong quarter following successful World Cup promotions and generally favorable summer weather. At the same time, we have started the recovery in Japan and are addressing the softness in North America. We remain committed to achieving acceptable, long-term performance in these key markets.

"I remain confident that we are taking the necessary actions to create long-term sustainable growth and value for shareowners."

Review the complete third quarter and year-to-date 2006 results

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