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PepsiAmericas Declares Third Quarter Dividend.

MINNEAPOLIS -- PepsiAmericas, Inc. (NYSE:PAS) today announced that its Board of Directors approved a quarterly dividend of $0.125 per share on PepsiAmericas common stock. The dividend is payable October 2, 2006 to shareholders of record on September 15, 2006. The board reviews the dividend policy

on a quarterly basis.

PepsiAmericas is the second largest Pepsi bottler with operations in the U.S., Central Europe, and the Caribbean. PepsiAmericas manufactures, distributes and markets a broad portfolio of PepsiCo products, and other national and regional brands. Additional information on PepsiAmericas is available at www.pepsiamericas.com.

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