PepsiAmericas Declares Dividend

    Business Editors

    MINNEAPOLIS--(BUSINESS WIRE)--Feb. 24, 2005--PepsiAmericas, Inc. (NYSE:PAS) today announced that its Board of Directors declared a quarterly dividend of $0.085 per share on PepsiAmericas common stock. The dividend is payable April 1, 2005 to shareholders of record on March 15, 2005. As previously disclosed, the board reviews dividend policy on a quarterly basis.
    PepsiAmericas is the second largest Pepsi bottler with operations in 19 states, Central Europe including Poland, Hungary, the Czech Republic and Republic of Slovakia, and the Caribbean including Puerto Rico, Jamaica, the Bahamas, Barbados, and Trinidad and Tobago. In total, PepsiAmericas serves geographic areas with a population of more than 122 million people. PepsiAmericas manufactures, distributes and markets a broad portfolio of Pepsi-Cola, and other national and regional brands. PepsiCo, Inc. (NYSE:PEP) beneficially owns a 41.1 percent equity interest in PepsiAmericas.

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CONTACT: PepsiAmericas, Inc., Minneapolis Investor Relations: 612-661-3883

KEYWORD: MINNESOTA CZECH REPUBLIC HUNGARY POLAND INTERNATIONAL LATIN AMERICA EUROPE INDUSTRY KEYWORD: SUPERMARKETS FOODS/BEVERAGES RETAIL DIVIDEND SOURCE: PepsiAmericas, Inc.

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