<SEC-DOCUMENT>0001193125-25-274197.txt : 20251110
<SEC-HEADER>0001193125-25-274197.hdr.sgml : 20251110
<ACCEPTANCE-DATETIME>20251110160524
ACCESSION NUMBER:		0001193125-25-274197
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251110
DATE AS OF CHANGE:		20251110

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Coca-Cola Consolidated, Inc.
		CENTRAL INDEX KEY:			0000317540
		STANDARD INDUSTRIAL CLASSIFICATION:	BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				560950585
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-30570
		FILM NUMBER:		251466130

	BUSINESS ADDRESS:	
		STREET 1:		4100 COCA COLA PLZ
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28211
		BUSINESS PHONE:		9803928298

	MAIL ADDRESS:	
		STREET 1:		4100 COCA COLA PLZ
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COCA COLA BOTTLING CO CONSOLIDATED /DE/
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COCA COLA CO
		CENTRAL INDEX KEY:			0000021344
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				580628465
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		ONE COCA COLA PLAZA
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30313
		BUSINESS PHONE:		404-676-2121

	MAIL ADDRESS:	
		STREET 1:		ONE COCA COLA PLAZA
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30313
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000021344</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>51</amendmentNo>
      <securitiesClassTitle>Common Stock, Par Value $1.00 Per Share</securitiesClassTitle>
      <dateOfEvent>11/07/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000317540</issuerCIK>
        <issuerCUSIP>191098102</issuerCUSIP>
        <issuerName>Coca-Cola Consolidated, Inc.</issuerName>
        <address>
          <street1 xmlns="http://www.sec.gov/edgar/common">4100 COCA COLA PLZ</street1>
          <city xmlns="http://www.sec.gov/edgar/common">Charlotte</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NC</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">28211</zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Moncia Howard Douglas</personName>
          <personPhoneNum>(404) 676-2121</personPhoneNum>
          <personAddress>
            <street1 xmlns="http://www.sec.gov/edgar/common">The Coca-Cola Company</street1>
            <street2 xmlns="http://www.sec.gov/edgar/common">One Coca-Cola Plaza</street2>
            <city xmlns="http://www.sec.gov/edgar/common">Atlanta</city>
            <stateOrCountry xmlns="http://www.sec.gov/edgar/common">GA</stateOrCountry>
            <zipCode xmlns="http://www.sec.gov/edgar/common">30313</zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0000021344</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>THE COCA-COLA COMPANY</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
        <aggregateAmountOwned>0</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>THE COCA-COLA TRADING COMPANY LLC</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
        <aggregateAmountOwned>0</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>CAROLINA COCA-COLA BOTTLING INVESTMENTS, INC.</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
        <aggregateAmountOwned>0</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, Par Value $1.00 Per Share</securityTitle>
        <issuerName>Coca-Cola Consolidated, Inc.</issuerName>
        <issuerPrincipalAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">4100 COCA COLA PLZ</street1>
          <city xmlns="http://www.sec.gov/edgar/common">Charlotte</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NC</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">28211</zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 51 amends and supplements the original Schedule 13D filed on May 18, 1987 by The Coca-Cola Company ("TCCC"), as amended by Amendments 1 through 50 (the "Schedule 13D").  Terms used herein and not otherwise defined shall have the meanings given such terms in the Schedule 13D.</commentText>
      </item1>
      <item4>
        <transactionPurpose>Item 4 is hereby amended and supplemented as follows:

On November 7, 2025, Coca-Cola Consolidated, Inc., a Delaware corporation ("Coke Consolidated"), Carolina Coca-Cola Bottling Investments, Inc., a Delaware corporation and an indirect wholly owned subsidiary of TCCC ("Seller"), J. Frank Harrison, III (solely for purposes of Article VI and Article VII thereof) and TCCC (solely for purposes of certain provisions of Article III thereof (as specified therein), Article VI and Article VII thereof) entered into a purchase agreement (the "2025 Purchase Agreement"), pursuant to which (i) Coke Consolidated agreed to purchase from Seller all of the 18,835,460 shares (reflecting the 10-for-1 stock split effected by Coke Consolidated on May 27, 2025) of Common Stock, par value $1.00, of Coke Consolidated (the "Common Stock") held by Seller for a total cash payment of $2,392,103,420 (such transaction, the "Repurchase") and (ii) the parties to the 2025 Purchase Agreement agreed to terminate in its entirety that certain Amended and Restated Stock Rights and Restrictions Agreement, dated as of February 19, 2009, as amended by Amendment No. 1 on May 6, 2024 (the "Stock Rights and Restrictions Agreement"), pursuant to which Seller and TCCC were granted certain rights in their capacity as shareholders of Coke Consolidated, as previously disclosed in Amendment No. 49 to the Schedule 13D. The Closing (as defined in the 2025 Purchase Agreement) under the 2025 Purchase Agreement occurred on November 7, 2025. Effective as of the Closing, the current designee of TCCC and Seller on the Coke Consolidated board of directors (the "Board"), Elaine Bowers Coventry, has resigned from the Board.

The foregoing descriptions of the 2025 Purchase Agreement and Stock Rights and Restrictions Agreement are only a summary and are qualified in their entirety by reference to the full text of such agreements, copies of which are filed as Exhibit 99.5 to this Amendment No. 51 to the Schedule 13D and as Exhibit 99.3 to Amendment No. 49 to the Schedule 13D, respectively, and incorporated herein by reference.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Item 5 is hereby amended and restated as follows:

As a result of the Repurchase, as of November 7, 2025, the Reporting Persons do not beneficially own any share of Common Stock.</percentageOfClassSecurities>
        <numberOfShares>Number of shares of Common Stock as to which TCCC has:

	(i)	sole power to vote or direct the vote: 0
	(ii)	shared power to vote or to direct the vote: 0
	(iii)	the sole power to dispose of or to direct the disposition of: 0
	(iv)	shared power to dispose of or to direct the disposition of: 0

Number of shares of Common Stock as to which The Coca-Cola Trading Company LLC has:

	(i)	sole power to vote or direct the vote: 0
	(ii)	shared power to vote or to direct the vote: 0
	(iii)	sole power to dispose of or to direct the disposition of: 0
	(iv)	shared power to dispose of or to direct the disposition of: 0

Number of shares as to which Carolina Coca-Cola Bottling Investments, Inc. has:

	(i)	sole power to vote or direct the vote: 0
	(ii)	shared power to vote or to direct the vote: 0
	(iii)	sole power to dispose of or to direct the disposition of: 0
	(iv)	shared power to dispose of or to direct the disposition of: 0</numberOfShares>
        <transactionDesc>Other than as described in this Amendment No. 51 to the Schedule 13D, the Reporting Persons have not effected any transactions in shares of Common Stock during the past sixty days.</transactionDesc>
        <date5PercentOwnership>As of November 7, 2025, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding shares of Common Stock.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>Item 6 is hereby amended and supplemented as follows:

The information set forth in Item 4 of this Amendment No. 51 to the Schedule 13D is incorporated by reference in its entirety into this Item 6.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Exhibit 99.4 - Directors, Officers and Managers of the Reporting Persons
Exhibit 99.5 - Purchase Agreement, dated as of November 7, 2025, by and among Coca-Cola Consolidated, Inc., Carolina Coca-Cola Bottling Investments, Inc., J. Frank Harrison, III and The Coca-Cola Company (incorporated by reference to Exhibit 10.1 of Coca-Cola Consolidated, Inc.'s Current Report on Form 8-K filed on November 7, 2025)</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>THE COCA-COLA COMPANY</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ John Murphy</signature>
          <title>John Murphy, President and Chief Financial Officer</title>
          <date>11/10/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>THE COCA-COLA TRADING COMPANY LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Mark D. Harris</signature>
          <title>Mark D. Harris, Vice President</title>
          <date>11/10/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>CAROLINA COCA-COLA BOTTLING INVESTMENTS, INC.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Mark D. Harris</signature>
          <title>Mark D. Harris, Vice President</title>
          <date>11/10/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>2
<FILENAME>coke-ex99_4.htm
<DESCRIPTION>EX-99.4
<TEXT>
<html>
 <head>
  <title></title> <!-- Licensed to: Skadden
         Document created using Broadridge PROfile 25.10.1.5333
         Copyright 1995 - 2025 Broadridge -->
 </head>
 <body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div style="text-align: right; margin-top: 12pt; font-family: 'Times New Roman'; font-weight: bold;">
   EXHIBIT 99.4
  </div>
  <div style="text-align: center; margin-top: 12pt; font-family: 'Times New Roman'; font-weight: bold;">
   DIRECTORS AND EXECUTIVE OFFICERS OF THE COCA-COLA COMPANY
  </div>
  <div style="text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman';">
   Set forth below is the name, business address and present occupation or employment of each director and executive officer of The Coca-Cola Company. Except as indicated below, each such person is a citizen of the United States. None of the directors or executive officers named below beneficially owns any Common Stock or Class B Common Stock of Coca-Cola Consolidated, Inc. Directors of The Coca-Cola Company who are also executive officers of The Coca-Cola Company are indicated by an asterisk. Except as indicated below, the business address of each executive officer and director of The Coca-Cola Company is One Coca-Cola Plaza, Atlanta, Georgia 30313.
  </div>
  <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">
   DIRECTORS OF THE COCA-COLA COMPANY
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z62b6222c2d4b43b19a744dda017f5f5d" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: bottom;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>NAME</u>
     </div> </td>
    <td style="width: 50%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <u>PRINCIPAL OCCUPATION</u>
      <br> <u>OR EMPLOYMENT</u>
     </div> </td>
    <td style="width: 30%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>ADDRESS</u>
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      James Quincey*
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chief Executive Officer and Chairman of the Board of Directors of The Coca-Cola Company
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Quincey is a citizen of the United Kingdom
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Herbert A. Allen, III
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      President of Allen &amp; Company LLC, a private investment banking firm
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Allen &amp; Company LLC
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      711 Fifth Avenue
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor
      <br> New York, NY 10022
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Bela Bajaria
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chief Content Officer of Netflix, Inc.
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Netflix, Inc.
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      121 Albright Way
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Los Gatos, California 95032
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Ana Bot&iacute;n
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Chair of Banco Santander, S.A., a leading retail and commercial bank with a global presence based in Spain
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Ms. Bot&iacute;n is a citizen of Spain
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Banco Santander, S.A.
      <br> Avda. de Cantabria, s/n
      <br> Edif. Pereda
      <br> 28660, Boadilla del Monte
      <br> (Madrid)
      <br> Spain
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Christopher C. Davis
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chairman of Davis Selected Advisers, L.P., an independent investment management firm
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Davis Selected Advisers, L.P.
      <br> 620 5<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Avenue 3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> Floor
      <br> New York, NY 10020
     </div> </td>
   </tr>
  </table>
  <div>
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
   <div class="BRPFPageFooter"></div>
   <div style="page-break-after: always;" class="BRPFPageBreak">
    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade>
   </div>
   <div class="BRPFPageHeader"></div>
  </div>
  <div>
   <br>
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z3f325757487748ddacf25f9e618b8d46" border="0" cellpadding="5" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: bottom;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>NAME</u>
     </div> </td>
    <td style="width: 50%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <u>PRINCIPAL OCCUPATION</u>
      <br> <u>OR EMPLOYMENT</u>
     </div> </td>
    <td style="width: 30%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>ADDRESS</u>
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Carolyn Everson
     </div>
     <div>
      &nbsp;
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Advisor, Permira, a global investment firm
     </div>
     <div>
      &nbsp;
     </div> </td>
    <td rowspan="1" style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Thomas S. Gayner
     </div>
     <div>
      &nbsp;
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chief Executive Officer, Markel Group Inc., a holding company comprised of diverse businesses
     </div>
     <div>
      &nbsp;
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Markel Group Inc.
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      4521 Highwoods Parkway
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Glen Allen, VA 23060
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Maria Elena Lagomasino
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chief Executive Officer and Managing Partner of WE Family Offices, a global family office serving high net worth families
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      WE Family Offices
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Rockefeller Center
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      1270 Avenue of the Americas
      <br> Suite 2108
      <br> New York, NY 10020
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Max R. Levchin
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chief Executive Officer and Chairman of the Board of Directors of Affirm Holdings, Inc., a financial technology company and a point-of-sale lender.
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Affirm Holdings, Inc.
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      650 California Street
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      San Francisco, CA&nbsp; 94108
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Amity Millhiser
     </div>
     <div>
      &nbsp;
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Former Partner and Vice Chair of PricewaterhouseCoopers LLP, an international professional services firm
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Caroline Tsay
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Technology Company Advisor/Limited Partner of Venture Capital Funds
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      David B. Weinberg
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chairman and Chief Executive Officer of Judd Enterprises, Inc., a private investment management office
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Judd Enterprises, Inc.
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      401 N. Michigan Ave
      <br> Suite 3050
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chicago, IL 60611
     </div> </td>
   </tr>
  </table>
  <div>
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <br>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
   <div class="BRPFPageFooter"></div>
   <div style="page-break-after: always;" class="BRPFPageBreak">
    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade>
   </div>
   <div class="BRPFPageHeader"></div>
  </div>
  <div>
   <br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">
   EXECUTIVE OFFICERS OF THE COCA-COLA COMPANY
  </div>
  <div>
   <br>
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z41febee0d9f54ed59b265b60211ec0d0" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: bottom;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>NAME</u>
     </div> </td>
    <td style="width: 50%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <u>PRINCIPAL OCCUPATION</u>
      <br> <u>OR EMPLOYMENT</u>
     </div> </td>
    <td style="width: 30%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>ADDRESS</u>
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      James Quincey
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Chairman and Chief Executive Officer of The Coca&#x2011;Cola Company
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Quincey is a citizen of the United Kingdom
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Manolo Arroyo
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global Chief Marketing Officer of The Coca-Cola Company
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Arroyo is a citizen of Spain
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Henrique Braun
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Chief Operating Officer of The Coca-Cola Company
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Braun is a citizen of Brazil and the United States
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Lisa Chang
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global Chief People Officer of The Coca-Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Monica Howard Douglas
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global General Counsel of The Coca-Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Jennifer K. Mann
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and President, North America operating unit of The Coca-Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      John Murphy
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      President and Chief Financial Officer of The Coca&#x2011;Cola Company
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Murphy is a citizen of Ireland
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Luisa Ortega
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      President, Europe operating unit of The Coca&#x2011;Cola Company
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Ms. Ortega is a citizen of Spain
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Beatriz Perez
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global Chief Communications, Sustainability and Strategic Partnerships Officer of The Coca-Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Bruno Pietracci
     </div>
     <div>
      &nbsp;
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      President, Latin America operating unit
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      <br>
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Pietracci is a citizen of Brazil and Italy
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Nancy Quan
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global Chief Technical and Innovation Officer of The Coca&#x2011;Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
  </table>
  <div>
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
   <div class="BRPFPageFooter"></div>
   <div style="page-break-after: always;" class="BRPFPageBreak">
    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade>
   </div>
   <div class="BRPFPageHeader"></div>
  </div>
  <div>
   <br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">
   MANAGERS AND EXECUTIVE OFFICERS
   <br> OF
   <br> THE COCA-COLA TRADING COMPANY LLC
  </div>
  <div>
   <br>
  </div>
  <div style="text-indent: 36pt; font-family: 'Times New Roman';">
   Set forth below is the name, business address and present occupation or employment of each manager and executive officer of The Coca-Cola Trading Company LLC. Except as indicated below, each such person is a citizen of the United States. None of the managers and executive officers named below beneficially owns any Common Stock or Class B Common Stock of Coca-Cola Consolidated, Inc. Managers of The Coca-Cola Trading Company LLC who are also executive officers of The Coca-Cola Trading Company LLC are indicated by an asterisk. Except as indicated below, the business address of each manager and executive officer of The Coca-Cola Trading Company LLC is One Coca-Cola Plaza, Atlanta, Georgia 30313.
  </div>
  <div>
   <br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">
   MANAGERS OF THE COCA-COLA TRADING COMPANY LLC
  </div>
  <div>
   <br>
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9d75e8a5d65243e18a9f224b3a483035" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: bottom;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>NAME</u>
     </div> </td>
    <td style="width: 50%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <u>PRINCIPAL OCCUPATION</u>
      <br> <u>OR EMPLOYMENT</u>
     </div> </td>
    <td style="width: 30%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>ADDRESS</u>
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Stacy L. Apter*
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President and Treasurer, Head of Corporate Finance of The Coca-Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mark D. Harris*
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, General Tax Counsel and Assistant Treasurer of The Coca&#x2011;Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Erin L. May*
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, Controller and Chief Accounting Officer of The Coca&#x2011;Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
  </table>
  <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">
   EXECUTIVE OFFICERS OF THE COCA-COLA TRADING COMPANY LLC
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zafb416f5709e4ec2bf06679947778e03" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: bottom;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>NAME</u>
     </div> </td>
    <td style="width: 50%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <u>PRINCIPAL OCCUPATION</u>
      <br> <u>OR EMPLOYMENT</u>
     </div> </td>
    <td style="width: 30%; vertical-align: top; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>ADDRESS</u>
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Stacy L. Apter
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President and Treasurer, Head of Corporate Finance of The Coca-Cola Company; Vice President and Treasurer of The Coca-Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Madison J. Barnett
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Vice President, Senior Tax Counsel &#x2013; North America of The Coca-Cola Company; Vice President of The Coca-Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Daniel Coe
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      President, Chief Procurement Officer of The Coca&#x2011;Cola Company; Vice President of The Coca&#x2011;Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Monica Howard Douglas
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global General Counsel of The Coca-Cola Company; Vice President and General Counsel of The Coca-Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mark D. Harris
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, General Tax Counsel and Assistant Treasurer of The Coca&#x2011;Cola Company; Vice President and General Tax Counsel of The Coca&#x2011;Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Stephen A. Kremer
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, Deputy General Tax Counsel of The Coca-Cola Company; Vice President of The Coca-Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
  </table>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
   <div class="BRPFPageFooter"></div>
   <div style="page-break-after: always;" class="BRPFPageBreak">
    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade>
   </div>
   <div class="BRPFPageHeader"></div>
  </div>
  <div>
   <br>
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z2a0fa62602a741ca90a51acaba22750b" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Erin L. May
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, Controller and Chief Accounting Officer of The Coca&#x2011;Cola Company; Vice President and Controller of The Coca-Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      John Murphy
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      President and Chief Financial Officer of The Coca&#x2011;Cola Company; Vice President and Chief Financial Officer of The Coca-Cola Trading Company LLC
     </div>
     <div>
      &nbsp;
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Murphy is a citizen of Ireland
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Nancy Quan
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global Chief Technical &amp; Innovation Officer of The Coca-Cola Company; President of The Coca-Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mark Westfall
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President and Chief Services Officer of The Coca&#x2011;Cola Company; Vice President of The Coca&#x2011;Cola Trading Company LLC
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
  </table>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
   <div class="BRPFPageFooter"></div>
   <div style="page-break-after: always;" class="BRPFPageBreak">
    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade>
   </div>
   <div class="BRPFPageHeader"></div>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">
   DIRECTORS AND EXECUTIVE OFFICERS OF CAROLINA COCA-COLA
   <br> BOTTLING INVESTMENTS, INC.
  </div>
  <div>
   <br>
  </div>
  <div style="text-indent: 36pt; font-family: 'Times New Roman';">
   Set forth below is the name, business address, present occupation or employment of each director and executive officer of Carolina Coca-Cola Bottling Investments, Inc. Except as indicated below, each such person is a citizen of the United States. None of the directors and executive officers named below beneficially owns any Common Stock or Class B Common Stock of Coca-Cola Consolidated, Inc. Directors of Carolina Coca-Cola Bottling Investments, Inc. who are also executive officers of Carolina Coca-Cola Bottling Investments, Inc. are indicated by an asterisk. Except as indicated below, the business address of each director and executive officer of Carolina Coca-Cola Bottling Investments, Inc. is One Coca-Cola Plaza, Atlanta, Georgia 30313.
  </div>
  <div>
   <br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">
   DIRECTORS OF CAROLINA COCA-COLA BOTTLING INVESTMENTS, INC.
  </div>
  <div>
   <br>
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z7c776fa2c1894debbb4893026d5a3f86" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: bottom;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>NAME</u>
     </div> </td>
    <td style="width: 50%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <u>PRINCIPAL OCCUPATION</u>
      <br> <u>OR EMPLOYMENT</u>
     </div> </td>
    <td style="width: 30%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>ADDRESS</u>
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Stacy L. Apter*
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="font-family: 'Times New Roman';">
      Senior Vice President and Treasurer, Head of Corporate Finance<font style="color: #000000;"> of The Coca-Cola Company</font>
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mark D. Harris*
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, General Tax Counsel and Assistant Treasurer of The Coca-Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Erin L. May*
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, Controller and Chief Accounting Officer of The Coca&#x2011;Cola Company
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
  </table>
  <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">
   EXECUTIVE OFFICERS OF CAROLINA COCA-COLA BOTTLING INVESTMENTS, INC.
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z5012ce356bf5438480dde3f0d85ead3a" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: bottom;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>NAME</u>
     </div> </td>
    <td style="width: 50%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <u>PRINCIPAL OCCUPATION</u>
      <br> <u>OR EMPLOYMENT</u>
     </div> </td>
    <td style="width: 30%; vertical-align: bottom; padding-left: 5px; padding-right: 5px;">
     <div style="text-align: center; color: #000000; font-family: 'Times New Roman';">
      <br> <u>ADDRESS</u>
     </div> </td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Stacy L. Apter
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="font-family: 'Times New Roman';">
      Senior Vice President and Treasurer, Head of Corporate Finance<font style="color: #000000;"> of The Coca-Cola Company; Vice President, Treasurer and Assistant Secretary of Carolina Coca-Cola Bottling Investments, Inc.</font>
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Madison J. Barnett
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Vice President, Senior Tax Counsel &#x2013; North America of The Coca-Cola Company; Vice President of Carolina Coca-Cola Bottling Investments, Inc.
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Monica Howard Douglas
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Executive Vice President and Global General Counsel of The Coca-Cola Company; Vice President and General Counsel of Carolina Coca-Cola Bottling Investments, Inc.
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mark D. Harris
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, General Tax Counsel and Assistant Treasurer of The Coca-Cola Company; Vice President and General Tax Counsel of Carolina Coca-Cola Bottling Investments, Inc.
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Stephen A. Kremer
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, Deputy General Tax Counsel of The Coca-Cola Company; Vice President of Carolina Coca-Cola Bottling Investments, Inc.
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
   <tr>
    <td style="vertical-align: top; width: 20%; padding: 10px 0px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Erin L. May
     </div> </td>
    <td style="vertical-align: top; width: 50%; padding: 10px 5px 0px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      Senior Vice President, Controller and Chief Accounting Officer of The Coca&#x2011;Cola Company; Vice President and Chief Financial Officer of Carolina Coca-Cola Bottling Investments, Inc.
     </div> </td>
    <td style="vertical-align: top; width: 30%; padding: 10px 5px 0px;">&nbsp;</td>
   </tr>
  </table>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
  <br>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
   <div class="BRPFPageFooter"></div>
   <div style="page-break-after: always;" class="BRPFPageBreak">
    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade>
   </div>
   <div class="BRPFPageHeader"></div>
  </div>
  <div>
   <br>
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zbb39e6265f6a480592076bc5ce83df6a" border="0" cellpadding="0" cellspacing="0">
   <tr>
    <td style="width: 20%; vertical-align: top;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      John Murphy
     </div> </td>
    <td style="width: 50%; vertical-align: top; padding-left: 5px; padding-right: 5px;">
     <div style="color: #000000; font-family: 'Times New Roman';">
      President and Chief Financial Officer of The Coca&#x2011;Cola Company; President and Chief Executive Officer of Carolina Coca-Cola Bottling Investments, Inc.
     </div>
     <div>
      &nbsp;
     </div>
     <div style="color: #000000; font-family: 'Times New Roman';">
      Mr. Murphy is a citizen of Ireland
     </div> </td>
    <td style="width: 30%; vertical-align: top; padding-left: 5px; padding-right: 5px;">&nbsp;</td>
   </tr>
  </table>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div>
   <br>
  </div>
  <div style="text-align: center; color: #000000; font-family: Calibri;">
   <br>
  </div>
 </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
