PepsiCo Feeds America With National Day of Service, feat. Nick Cannon & Raven-Symoné

PEPSICO FEEDS AMERICA WITH NATIONAL DAY OF SERVICE

–Actors Nick Cannon and Raven-Symoné Join
1,400 PepsiCo Employees at

Feeding America Network Food Banks across the Country–

CHICAGO— April 20,
2010—Today, Mosaic, PepsiCo’s African American employee resource group,
is teaming up with Feeding America to hold a national day of service for
PepsiCo employees. Together with actors Nick Cannon and Raven-Symoné,
more than 1,400 PepsiCo employees will donate their time and energy to
support 30 local food banks across the United States.

According
to the U.S. Department of Agriculture, approximately 49 million
Americans do not have enough to eat. Most individuals who are struggling
with hunger are not homeless or out of work. Each year, 37 million
people in the United States, including 14 million children and nearly 3
million seniors, rely on relief from Feeding America food banks and the
agencies they serve for emergency food.

“Feeding America has a
long-standing relationship with PepsiCo and is excited to take part in
the Employee Day of Service in the fight against hunger,” said Vicki
Escarra, President and CEO of Feeding America. “In these challenging
times, when one in six Americans faces hunger, it means so much to have
companies like PepsiCo bring its employees to support their local food
banks and come to assist those in need. We are incredibly grateful to
work side-by-side with such a committed company.”

During the
event, volunteers will sort and pack food boxes that will go to area
soup kitchens, churches and other agencies that have special programs to
feed Americans facing hunger. The Day of Service is expected to help
feed more than 2 million people and generate more than 5,000 hours of
volunteer time in a single day toward the fight against hunger.

Nick
Cannon will join 100 PepsiCo employees in New York City. In partnership
with City Harvest, the world’s first food rescue organization,
volunteers will pack 40,000 pounds of fresh apples into bags for
delivery to emergency feeding programs in the five boroughs, where
they’ll reach thousands of New Yorkers who are struggling with hunger.
As part of its overall commitment to assisting in the fight against
hunger, PepsiCo is also a long-standing partner of the Food Bank For New
York.

Among the many projects taking place across the country,
Raven-Symoné will spearhead PepsiCo’s product donation of over 10,000
cases of Quaker Oats products to food banks near PepsiCo’s three
headquarter locations.

“As a food and beverage company, we know
the value of food for nourishment, performance, bonding and enjoyment.
We also realize that for many people, food is a necessity that can be
difficult to afford,” said Greg Willis, Vice President and General
Manager of PepsiCo Sales and Chairman of Mosaic’s community projects.
“That’s why PepsiCo employees are proud to host our service day at
Feeding America network food banks. Together, we can raise awareness for
a critical issue that is near to our hearts, while reaching millions of
affected individuals.”

The current economic landscape places
more importance on Feeding America network food banks than ever before.
In its recent research study, Hunger in America 2010, Feeding America
found a 68 percent increase in the number of adults seeking emergency
food assistance who have been unemployed for under a year compared to
four years ago. The report also shows that there has been an increase of
more than one million additional African Americans in need of emergency
food assistance each year since 2006. With more than one in three
African American adults seeking emergency food assistance from Feeding
America, African Americans make up 34 percent of all adults served by
Feeding America.

PepsiCo is a longtime supporter of the Feeding
America network and in addition to this volunteer day of service, has
provided over 300 million pounds of product to Feeding America over the
past five years.

PepsiCo recently announced a set of global goals
and commitments in the areas of nutrition, the environment, and
workplace practices called The Promise of PepsiCo. One of the company’s
key priorities is to actively work with global and local partners to
help address global nutrition challenges. PepsiCo Feeds America is just
one step in the company’s progress towards reaching those goals. As
PepsiCo grows, the company will continue to invest in business and
research and development to expand offerings of more affordable,
nutritionally relevant products for underserved and lower-income
communities.

All 1,400 volunteers will enjoy complimentary meals
on this day of service, with breakfast courtesy of Dunkin’ Donuts and
lunch courtesy of Pizza Hut.

About Feeding America

Feeding
America provides low-income individuals and families with the fuel to
survive and even thrive. As the nation’s leading domestic hunger-relief
charity, our network members supply food to more than 37 million
Americans each year, including 14 million children and three million
seniors. Serving the entire United States, more than 200 member food
banks support 63,000 agencies that address hunger in all of its forms.
For more information on how you can fight hunger in your community and
across the country, visit www.feedingamerica.org. Find us on
Facebook at facebook.com/FeedingAmerica
or follow our news on Twitter at twitter.com/FeedingAmerica.

About
PepsiCo

PepsiCo offers the world’s largest portfolio of
billion-dollar food and beverage brands, including 19 different product
lines that each generates more than $1 billion in annual retail sales.
Our main businesses – Frito-Lay, Quaker, Pepsi-Cola, Tropicana and
Gatorade – also make hundreds of other nourishing, tasty foods and
drinks that bring joy to our consumers in more than 200 countries. With
annualized revenues of nearly $60 billion, PepsiCo’s people are united
by our unique commitment to sustainable growth, called Performance with
Purpose. By dedicating ourselves to offering a broad array of choices
for healthy, convenient and fun nourishment, reducing our environmental
impact, and fostering a diverse and inclusive workplace culture, PepsiCo
balances strong financial returns with giving back to our communities
worldwide. In recognition of its continued sustainability efforts,
PepsiCo was named for the third time to the Dow Jones Sustainability
World Index (DJSI World) and for the fourth time to the Dow Jones
Sustainability North America Index (DJSI North America) in 2009. For
more information, please visit www.pepsico.com.

About
Pepsi “We Inspire” (www.pepsiweinspire.com)

Whether
they spring from the mouths of loved ones, through the media or from
within our hearts, stories inspire, motivate, inform and strengthen our
relationships. Pepsi We Inspire will tap into the powerful bonds between
women by creating a platform built just for them. Singers, thespians,
and authors, whoever uplifts and entertains, will be a part of this
community as they too share their own intimate moments, like the songs,
movies and recipes that make their own lives just a little more
blissful.