PepsiAmericas Announces Management Change.

MINNEAPOLIS -- PepsiAmericas, Inc. (NYSE:PAS) announced today that Kathryn Koessel, Vice President, Investor Relations, has decided to leave the company effective June 3, 2005.

Ms. Koessel, who has held this position since 2003, is leaving PepsiAmericas to pursue other opportunities.

"Kathryn has been a valuable resource for our investors and the analyst community that follows PepsiAmericas. During her tenure, she has strengthened and expanded the scope of our investor relations efforts," said Alex Ware, Chief Financial Officer. "We regret her departure and wish her well."

Mr. Ware will oversee Investor Relations, until Kathryn's replacement is announced.

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 percent equity interest in PepsiAmericas.

For more information on PepsiAmericas, please visit our Web site at www.pepsiamericas.com.