50 % Notes due 2006, originally issued by
Whitman Corporation, its $200 million 5.

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

Digicel is incorporated in Bermuda and has operations in fifteen countries
including Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda , Curaao,
The Cayman Islands, Dominica, Grenada, Haiti, Jamaica, St. Kitts & Nevis,
St. Lucia, St.

cayman strengths

"
Mr.

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Delves.com for more information on Digicel.

martinique antilles

Business Editors

MINNEAPOLIS- ---PepsiAmericas, Inc. The markets are home to more than one million people
and serve as a popular destination for international tourists.

The three new markets will extend Digicel's brand in the region and further
add to its Pan-Caribbean network that has brought state-of-the-art
infrastructure and employment opportunities to many Caribbean nations
including the emerging market of Haiti.

Includes information about the Caribbean natural environment; as well as scientific activities specific to the region.

linkages trinidad

Its coverage
areas also include St. Digicel currently employs more than
1,500 people throughout the Caribbean and its investments in the region
surpass US$1 billion. In
total, PepsiAmericas serves geographic areas with a population of more
than 122 million people. PepsiCo, Inc.

antilles trinidad

"We regret her
departure and wish her well. (NYSE:PEP) beneficially owns a 41
percent equity interest in PepsiAmericas.

trinidad limon

"Kathryn has been a valuable resource for our investors and the
analyst community that follows PepsiAmericas. With an established pre-paid and post-paid
customer base, Bouygues Telecom Caraibe operates an advanced GSM network
that spans across Martinique, Guadeloupe, and French Guiana , three French
overseas territories with economies centered on the Euro as their
functional currency .
(NYSE:PAS) today announced the results of its tender offers for any
and all of its $100 million 6.

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.

linkages trinidad

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

Bouygues Telecom Caraibe is headquartered in Martinique, and directly
employs approximately 80 people.

Visit www.

archie aquariums

"

"Our industry leading service and unmatched customer care continue to put
us in a position of strength as we roll-out a seamless pan-Caribbean
telecommunications network," said Mr.

The company is the lead sponsor of Caribbean sports teams including the
West Indies Cricket Team, Special Olympics teams across the Caribbean and
is title sponsor of the Digicel Caribbean Football Union Cup, which
involves over 30 Caribbean countries and is an important qualifier towards
the CONCACAF Gold Cup.

martinique threatened

PepsiAmericas Announces Management Change

PRESS RELEASE Digicel in Discussions to Acquire French West Indies Mobile Operator

trinidad zoos

Business Editors

MINNEAPOLIS----PepsiAmericas, Inc.

CUSIP Nos. Security Original Principal Amount Tendered
---------- -------- ------------------ - --------------

96647KAB8 6.
acted as dealer managers for the tender offers, and Global Bondholder
Services Corporation acted as the depositary and information agent for
the tender offers.

escalating martinique

This acquisition follows Digicel's recent completion of its acquisition of
Cingular Wireless' Caribbean and Bermuda operations, which has expanded
Digicel to 15 markets covering a total population of 14 million people.

geographia emerged

During her tenure, she
has strengthened and expanded the scope of our investor relations
efforts," said Alex Ware, Chief Financial Officer.95% Notes due 2006, and its
$250 million 3. and J. (NYSE:PEP) beneficially owns
approximately a 41 percent equity interest in PepsiAmericas.

threatened barbados

875% Notes due 2007.875% Notes due 2007 $250,000,000 $222,631,000

Citigroup Global Markets Inc.

astonishing caribbean

ABOUT DIGICEL

Since its launch in 2001, Digicel has become the fastest growing wireless
telecommunications operator in the Caribbean. PepsiAmericas manufactures, distributes and
markets a broad portfolio of Pepsi-Cola, and other national and
regional brands.

strengths cayman

Ms.

According to Colm Delves, Group Chief Executive Officer of Digicel,
"Pending all the appropriate and necessary approvals, Digicel will be able
to offer a portfolio of innovative products to local customers and visitors
throughout these French West Indian territories, all supported by our
top -rated customer service and reliable coverage. Martin.digicelgroup.

linkages celebrated

pepsiamericas. Barths and French St .

barbados limon

PepsiAmericas manufactures, distributes
and markets a broad portfolio of Pepsi-Cola, and other national and
regional brands. Vincent and the Grenadines and Trinidad & Tobago.

zoos astonishing

Ware will oversee Investor Relations, until Kathryn's
replacement is announced. PepsiCo, Inc.50% Notes due 2006 $100,000 ,000 $63,425,000

71343XAA2 5.95% Notes due 2006 $200,000,000 $101,910,000

71343XAC8 3.

celebrated lucia

In total, PepsiAmericas serves geographic areas with a population of
more than 122 million people. Digicel has successfully taken on Cable & Wireless among
other incumbents over the years and rapidly increased its subscriber base
by connecting with consumers through its value offerings and exciting
brand.P.

geographia antilles

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 . The tender offers commenced on May
11, 2005, and expired at midnight, New York City time, on May 17,
2005.

trinidad turtle

celebrated lucia

com

Digicel, known for its speed to market and bold marketing, will challenge
the incumbent Orange Caraibe and ONLY, a new entrant in the French West
Indies market. In four years, Digicel has
become renowned for competitive rates, unbeatable coverage, superior
customer care, a wide variety of products and services, and
state-of-the-art handsets. It is the largest GSM operator in the region.

By offering innovative wireless services and community support, Digicel has
become a leading brand in the Caribbean and has placed the region at the
cutting edge of wireless communications.

aquariums strengths

Koessel, who has held this position since 2003, is leaving
PepsiAmericas to pursue other opportunities.
Digicel Group, the fastest growing
mobile telecommunications operator throughout the Pan-Caribbean region,
announced today its intent to fully acquire Bouygues Telecom Caraibe, the
wholly owned subsidiary of Bouygues Telecom with assets in Martinique,
Guadeloupe and French Guiana, pending the approval of key stakeholders and
regulators including Bougyues shareholders , Workers Committee, ARCEP and
Bercy, the French Ministry for Finance.

PepsiAmericas Announces Results of Debt Tender Offers; 6.50% Notes due 2006 5.95% Notes due 2006 and 3.875% Notes due 2007

The depositary agent, Global Bondholder Services Corporation,
has informed PepsiAmericas that an aggregate principal amount of
$387,966,000 of the Notes were tendered as reflected in the table
below. Morgan Securities Inc.

caribbean linkages

---

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