Coca-Cola Gives $7.2 Million to Atlanta Schools

The Coca-Cola Company announced today that it will give $6 million to Spelman
College, Morehouse College, Clark Atlanta University and the Morehouse School of
Medicine, all part of the Atlanta University Center. This support will assist
students at these Atlanta-based historically black colleges and universities
with scholarship funds where economic hardship is impacting the likelihood of
the completion of their education. Additionally, the Company announced that $1.2
million will be given to the Robert W. Woodruff Library on the campus of the
Atlanta University Center to upgrade the Library`s IT infrastructure and enhance
the ability to manage and provide access to critical archival documents, such as
the Martin Luther King, Jr. papers.

Muhtar Kent, chairman and CEO, The Coca-Cola Company, made the check
presentations at the Robert W. Woodruff Library to Dr. Beverly Tatum, president,
Spelman College; Dr. Robert Franklin, Jr., president, Morehouse College; Dr.
Carlton Brown, president, Clark Atlanta University; Dr. John Maupin, Jr.,
president, Morehouse School of Medicine; and Ms. Loretta Parham, CEO and Library
Director, Robert W. Woodruff Library at the Atlanta University Center.

“The Coca-Cola Company will always look for opportunities to make a difference
in the communities where it operates, especially in our hometown,” said Mr.
Kent. “On behalf of our associates who call Atlanta home, we are proud to
provide $7.2 million to these leading institutions of higher learning. We view
this as an investment in the next generation of students who will pass through
these campuses, continue their education and benefit from having Dr. King`s
papers within arm`s reach.”

The Coca-Cola Company created and funded a $10 million Promotional Achievement
Award Fund (PAAF) program for its United States based African-American employees
as part of a class-action lawsuit settlement in 2000. The fund was designed to
encourage and provide education opportunities for African-American employees in
the United States and was operational from 2004 to 2008. During that time,
employees accessed $2.8 million for educational opportunities. The remaining
money in the Fund, as a term in the settlement, was designated by The Coca-Cola
Company to be distributed to eligible institutions in the Atlanta University

In accepting the scholarship support, Dr. Beverly Tatum said, “The students and
the faculty of these institutions are grateful and thankful to The Coca-Cola
Company. This support will be of immense help to a number of students wanting to
realize their dreams through education. Given the current difficult times,
initiatives like these assume an even greater significance.”

The Coca-Cola Company (NYSE: KO) is the world`s largest beverage company,
refreshing consumers with nearly 500 sparkling and still brands. Along with
Coca-Cola, recognized as the world`s most valuable brand, the Company`s
portfolio includes 12 other billion dollar brands, including Diet Coke, Fanta,
Sprite, Coca-Cola Zero, vitaminwater, POWERADE, Minute Maid and Georgia Coffee.
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