ADVISORY/Pepsi Vanilla Descends upon Mission Beach.

Business Editors

ADVISORY...for Saturday (August 9)

--(BUSINESS WIRE)

Pepsi (NYSE:PBG):

What:   The Elite Frogs parachute team will descend from the sky
        bearing the gift of Pepsi Vanilla for parched beachgoers! Join
        this renowned parachute team at Mission Beach for a terrific
        Pepsi Vanilla celebration!

        The event will include free sampling of new Pepsi Vanilla and
        Diet Pepsi Vanilla, a live band and free Pepsi Vanilla
        giveaways.

        Available nationwide on August 9, Pepsi Vanilla is a smooth,
        new product that combines the great taste of Pepsi with a
        splash of vanilla.

When:   Saturday, August 9, 2003
        10:00 AM to 2:00 PM
        Parachute Team landing scheduled for 12:00 PM

Where:  Mission Beach by Belmont Park