Clearly Canadian: Summary Of Extraordinary General Meeting.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 16, 1999-- Clearly Canadian Beverage Corporation (TSE:CLV)(NASDAQ:CLCDF) ("Clearly Canadian") held its extraordinary shareholders meeting on February 15, 1999 in Vancouver, Canada. The shareholders meeting was convened by Clearly Canadian to request shareholder approval to certain matters which were recently announced in a news release dated January 12, 1999. At that time, Clearly Canadian announced that it had entered into a commitment letter with Pamodzi Food and Beverage Inc. ("Pamodzi Food") to raise gross proceeds of up to $US11,700,000 (involving the issuance of up to 10,400,000 common shares of Clearly Canadian by way of private placement at a price of $US1.125 per share). In connection with the private placement financing with Pamodzi Food, Clearly Canadian was also seeking shareholder approval to a consolidation of its existing shares (a reverse stock split) on a 4.25 old for 1 new share basis.

At the extraordinary shareholders meeting, an overwhelming majority approved both the private placement financing with Pamodzi Food and the consolidation of the Company's share capital. The completion of the financing transaction with Pamodzi Food is still subject to entering into a formal financing agreement and satisfactory completion of remaining due diligence reviews by both parties. The transaction is also subject to approval by The Toronto Stock Exchange and South African currency exchange regulatory approval.

With respect to the consolidation of Clearly Canadian's share capital, it will be necessary for the Company to attend to filings with the regulatory authorities, including The Toronto Stock Exchange and NASDAQ before the Company's shares will begin trading on a post-consolidated basis.

"We are very pleased that our shareholders share management's enthusiasm for the proposed strategic alliance with Pamodzi Food. Management believes that the strategic alliance with Pamodzi Food will allow it to consider further acquisition opportunities, as well as expansion of existing distribution and marketing efforts with its present brands," said Douglas L. Mason, President and Chief Executive Officer of Clearly Canadian.

Based in Vancouver, B.C., Clearly Canadian Beverage Corporation is a leading producer of premium alternative beverages, including Clearly Canadian(R) sparkling flavoured water, Clearly Canadian O+2(TM), Refresher and Orbitz(TM), which are distributed extensively in the United States, Canada and numerous countries worldwide. Clearly Canadian also holds the exclusive license to manufacture and distribute Battery(TM) in the United States and Canada. Clearly Canadian also owns CC Beverage (U.S.) Corporation (formerly known as Cascade Clear Water Co.), which produces a line of alternative beverages for retail sale in North America and the Pacific Rim, and operates a home/office commercial delivery business in the U.S. Pacific Northwest. Additional information on the Company may be obtained on the world wide web at www.clearly.ca.

Statements in this news release that are not historical are to be regarded as forward-looking statements which are subject to risks and uncertainties and that could cause actual results to differ materially. Such risks and uncertainties with respect to Clearly Canadian's business include general economic conditions, changing beverage consumption trends of consumers, pricing and availability of raw materials, and political and economic uncertainties, including currency fluctuation in the countries in which Clearly Canadian carries on business.

CLEARLY CANADIAN BEVERAGE CORPORATION Douglas L. Mason, President and Chief Executive Officer

CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of the trademark CLEARLY CANADIAN(R). CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries, manufacture, distribute and market CLEARLY CANADIAN(R), CLEARLY CANADIAN O+2(TM) , BATTERY(TM), ORBITZ(TM) and other flavoured and unflavoured beverages. Oy Sinebrychoff Ab of Finland is the registered holder of the trademark Battery(TM)