News Release

THE COCA-COLA COMPANY REPORTS SECOND QUARTER AND YEAR-TO-DATE 2005 RESULTS

Reported earnings per share of $0.72 for the second quarter and $1.13 year-to-date.

Items impacting comparability provided a net benefit of $0.04 per share in the second quarter.

Worldwide unit case volume growth of 5 percent in the second quarter led by international unit case volume growth of 7 percent.

Cash from operations increased 20 percent year-to-date, to $3.5 billion.

Atlanta, July 21, 2005 - The Coca-Cola Company today reported second quarter earnings per share of $0.72, compared with $0.65 for the prior year second quarter. Second quarter earnings per share included a benefit of $0.04 per share due to a gain from the favorable high fructose corn syrup (HFCS) lawsuit settlement, the favorable resolution of tax matters, a reduction of the tax accrual related to the repatriation of foreign earnings, and a benefit from certain items impacting an equity investee.

Neville Isdell, chairman and chief executive officer, said, "Improved system execution in the first half of this year, assisted by favorable weather in June, together with strong performance in Latin America, central and eastern Europe and northern Asia, as well as stabilization from an increasingly focused North American system produced results. However, we still have considerable work ahead of us in the U.S. and in markets like Germany, the Philippines and, in particular, India, as well as to improve our performance in the areas of innovation and marketing. In the second half of the year, the work, already underway to rebuild the system for profitable long-term growth, will intensify."

Review the complete Second Quarter And Year-To-Date 2005 Results

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