In making the announcement, PepsiAmericas' Chairman and Chief
Executive Officer Robert C. Swanson has spent over 14 years with PepsiCo Inc."
BusinessWeek is the best-selling global business magazine, with a
worldwide circulation of nearly 1.6 million readers
worldwide each week.

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Swanson is Vice President of Global Mergers and Acquisitions Group at
PepsiCo. (NYSE:PEP) beneficially owns an
approximately 41.

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Pohlad said, "Cynthia's business and
financial expertise and knowledge of the Pepsi business will be of
great value to PepsiAmericas .

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PepsiAmericas Names Cynthia Swanson to Board of Directors

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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.

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Swanson currently resides in New Canann, Connecticut with her
husband and two children.

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It's hugely gratifying to know
that we're succeeding in bringing timely news analysis to SmallBiz readers.

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Business Editors

MINNEAPOLIS----PepsiAmericas , Inc. NEW YORK, BusinessWeek's "SmallBiz" magazine has
won the coveted Jesse H.

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As a quarterly service magazine, staying
on top of the news is especially challenging.2 million and more than 5 . It is published weekly by The McGraw-Hill Companies in
New York, and is distributed in 140 countries .

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Ms.

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(NYSE:PAS) today announced that Cynthia Swanson was elected to the
Company's Board of Directors, effective February 23, 2005. in various
finance positions including serving as Chief Financial Officer for
Pepsi-Cola International's Central European operations. PepsiCo, Inc. Neal Business Journalism Awards were created by American
Business Media in 1955 to recognize and reward editorial excellence in
independent business magazines.

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1 percent equity interest in PepsiAmericas. SmallBiz won its category
based on its first two issues of publication.

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We look forward to working with her and
to her contributions to the PepsiAmericas' Board. Currently, Ms.
The Jesse H.

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BusinessWeek's 'SmallBiz' Wins Neal Award

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"
Ms.
Ms. Neal National Business Journalism Award in the
category of best start-up publication .

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We are particularly pleased that the judges
chose to recognize our news coverage.

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Swanson graduated from Mount Holyoke with a Bachelor of Arts
degree in economics in 1983 and holds a Masters in Business
Administration from The Wharton School. In
total, PepsiAmericas serves geographic areas with a population of more
than 122 million people.

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There were a total of 1,168
entries for the much sought-after awards this year. The magazine is produced by
BusinessWeek editors and reporters and additional contributors familiar with
the small business space.

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Launched in June 2004, SmallBiz is a quarterly publication that cuts
through the clutter of the marketplace by providing high-quality service
journalism to entrepreneurs and small businesses.
SmallBiz Editor Kimberly Weisul said, "We're honored and excited to win
the Neal Award for best startup.

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The magazine's first issue was
published on September 7, 1929.

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PepsiAmericas manufactures, distributes and
markets a broad portfolio of Pepsi-Cola, and other national and
regional brands. The Neal Awards are presented annually to
those editors who have submitted entries exhibiting journalistic enterprise,
extent of service , and editorial craftsmanship.