Coca-Cola Enterprises Inc has received notice of an unsolicited "mini-tender" offer, made by TRC Capital Corporation, to purchase up to 5m of CCE's common shares, which represents approximately 1.1% of its outstanding shares.

However, the soft drink bottler cautioned that TRC Capital's unsolicited offer of US$20.45 per share was approximately 4.2% below the US$21.35 per share closing price of CCE's common shares on February 28, 2005, the day before the offer commenced.

"Coca-Cola Enterprises strongly recommends against tendering shares in response to this unsolicited offer. CCE is not associated with TRC Capital or its offer," a statement said.
CCE continued in its statement: "TRC Capital has made a number of "mini-tender" offers for the shares of other companies for its profit. These offers are devised to seek less than 5% of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements of the US Securities and Exchange Commission. The SEC has cautioned investors about "mini-tender" offers in an investor alert."

Coca-Cola Enterprises advised shareholders to consult their financial advisers and to exercise caution with respect to TRC Capital's offer.

The offer is currently scheduled to expire at 12:01 a.m. ET, on March 30, 2005.