ATLANTA, Jul 17, 2008 (BUSINESS WIRE) -- The Board of Directors of The Coca-Cola Company today declared a
regular quarterly dividend of 38 cents per common share. The dividend
is payable October 1, 2008, to shareowners of record as of September
15, 2008.

The Board also elected Alex Cummings executive vice president and
David Taggart senior vice president of the Company. Mr. Taggart's
election is effective immediately; Mr. Cummings' election is effective
October 15, 2008, upon his relocation to the U.S.

Mr. Cummings is the Company's chief administrative officer,
responsible for oversight of key corporate functions that support
business operations including, Legal, Public Affairs and
Communications, Human Resources, Global Community Connections,
Strategic Planning, Information Technology, Product Integrity,
Research & Innovation and Science.

Prior to this newly created role, Mr. Cummings served as president
of the Africa Group for seven years. He joined The Coca-Cola Company
in 1997 as region manager, Nigeria and, in 2000, was named president
of the Company's North & West Africa Division. Prior to joining the
Company, Mr. Cummings held several positions with The Pillsbury
Company in the U.S., including vice president of finance for Pillsbury
International.

Mr. Cummings has a bachelor's degree in finance and economics from
Northern Illinois University and a master's degree in finance from
Atlanta University. He is chairman of The Coca-Cola Africa Foundation
and serves on the Boards of the African-America Institute, Africare
and Clark Atlanta University.

As treasurer, Mr. Taggart oversees the Company's global treasury
operations, including management of its foreign currency, commodity,
interest rate hedging and risk programs. He has more than 28 years'
experience with the Company. Mr. Taggart was elected assistant
treasurer in 1985. In 1990, he was named president of The Coca-Cola
Trading Company and established global procurement for the Company. He
was elected vice president and treasurer in 1993.

Mr. Taggart has a bachelor's degree from Princeton University and
a master's degree in general management from Harvard Business School.
He serves on the Board of Directors of the Atlanta Downtown
Improvement District, Inc.

The Coca-Cola Company is the world's largest beverage company,
refreshing consumers with more than 450 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. Globally, we are the No. 1
provider of sparkling beverages, juices and juice drinks and
ready-to-drink teas and coffees. Through the world's largest beverage
distribution system, consumers in more than 200 countries enjoy the
Company's beverages at a rate of 1.5 billion servings a day. With an
enduring commitment to building sustainable communities, our Company
is focused on initiatives that protect the environment, conserve
resources and enhance the economic development of the communities
where we operate. For more information about our Company, please visit
our website at www.thecoca-colacompany.com.

NOTE TO EDITORS: Images to accompany this story can be found in
the Press Center Image Gallery at www.thecoca-colacompany.com.

SOURCE: The Coca-Cola Company

The Coca-Cola Company
Dana Bolden, 404-676-2683

Copyright Business Wire 2008