COCA-COLA ENTERPRISES BOARD DECLARES REGULAR QUARTERLY DIVIDEND AND ADJUSTS SHARE REPURCHASE PROGRAM FOR STOCK SPLIT.

ATLANTA--(BUSINESS WIRE)--April 21, 1997--Coca-Cola Enterprises Board of Directors today declared a regular quarterly dividend of 2.5 cents per common share. The quarterly dividend rate is equivalent to an annual dividend of 10 cents per common share. The dividend is payable July 1, 1997, to share owners of record on June 20, 1997. Maintaining the regular quarterly dividend while executing the 3-for-1 stock split approved at today's Annual Share Owners' Meeting has the effect of tripling the Company's dividend payout.

As a result of the 3-for-1 stock split, the Board of Directors also confirmed that the authorized shares under the April 11, 1996, share repurchase program would increase from 10 million to 30 million shares. This increase maintains the share repurchase authorization at approximately 8 percent of outstanding shares after the stock split. Consistent with past practice, the Company will evaluate utilization of its share repurchase program based on market opportunities and alternative uses of cash flow.

Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's largest bottler of liquid nonalcoholic refreshment, distributing more than 58 percent of The Coca-Cola Company's United States bottle and can volume. Coca-Cola Enterprises is also the sole licensed bottler for products of The Coca-Cola Company in Belgium, Great Britain, the Netherlands, and most of France.

CONTACT: Coca-Cola Enterprises

Margaret Carton - Investor Relations 

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Laura Asman - Media Relations

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