Annette Franqui Joins Panamco as Vice President of Corporate Finance.

Business Editors

MIAMI, FL--(BUSINESS WIRE)--April 9, 2001

Panamerican Beverages, Inc. (NYSE:PB), one of the world's largest Coca-Cola bottlers, announced today that Annette Franqui has joined the Company as Vice President of Corporate Finance. Ms. Franqui will report directly to William G. Cooling, Chairman and Chief Executive Officer of Panamco, and will focus on Investor Relations, Mergers & Acquisitions and the company's capital structure.

"Annette is an exceptionally talented and accomplished executive, and we are delighted to welcome her to Panamco," said Mr. Cooling. "Her expertise in Corporate Finance and knowledge of the Latin American markets make her a great addition to our team. She will be a real asset to the company as we work to expand our business and communicate Panamco's growth strategy to the investment community."

"I am very pleased to be joining Panamco at this exciting time and look forward to helping the company communicate its growth strategy, expand its Latin American presence and achieve its goal of becoming a total beverage company," said Franqui.

Franqui was most recently Co-founder and President of Obsidiana, Inc., the leading online destination for Spanish and Portuguese speaking women in Latin America and the US market. Prior to co-founding Obsidiana, Franqui was a Managing Director at J.P. Morgan where she ran the Latin American Equity Research Group, managed equity sales and trading for Latin America, and was head of the region's Cash Equities Business. Earlier in her career, Franqui covered Latin American food and beverage stocks as an equity analyst for J.P. Morgan, and served on the company's Latin American Mergers & Acquisitions team. She also spent five years at Goldman, Sachs & Co. primarily in their London Corporate Finance Group serving as Vice President.

Franqui graduated in 1984 from the Wharton School of the University of Pennsylvania where she received a Bachelor of Science in Economics. She received her Master's degree in Business Administration from Stanford University in 1986.

Christian Philco, Panamco's former Director of Investor Relations, will be moving to a new assignment in the Finance division of the company after completing five years as head of the Investor Relations department.

Panamco is the largest soft drink bottler in Latin America and one of the world's largest bottlers of soft drink products of The Coca-Cola Company. The Company produces and distributes substantially all Coca-Cola soft drink products in its franchise territories in Mexico, Brazil, Colombia, Venezuela, Costa Rica, Nicaragua and Guatemala along with bottled water, beer and other beverages. Panamco is an anchor bottler of The Coca-Cola Company.