PepsiCo Annual Report 2001

Stock Trading Symbol — PEP

Stock Exchange Listings

The New York Stock Exchange is the principal market for PepsiCo common stock, which is also listed on the Amsterdam, Chicago, Swiss and Tokyo Stock Exchanges.

Shareholders

At year-end 2001, there were approximately 227,000 shareholders of record.

Dividend Policy

Quarterly cash dividends are usually declared in November, January, May and July and paid at the beginning of January and the end of March, June and September. The dividend record dates for these payments are December 7, 2001, March 8, June 7 and September 6, 2002. Quarterly cash dividends have been paid since PepsiCo was formed in 1965. Amounts in the chart reflect pre-merger PepsiCo for the dates prior to the merger with The Quaker Oats Company.

Stock Performance

PepsiCo was formed through the 1965 merger of Pepsi-Cola Company and Frito-Lay, Inc. A $1,000 investment in our stock made December 31, 1996 was worth about $1,928 on December 31, 2001, assuming the reinvestment of dividends. This performance represents a compounded annual growth rate of 14%.

The closing price for a share of PepsiCo common stock on the New York Stock Exchange was the price as reported by Bloomberg for the years ending 1996-2001. These amounts have been restated for the spin-off of the restaurant business and reflect the closing price of pre-merger PepsiCo prior to the merger with The Quaker Oats Company. Past performance is not necessarily indicative of future returns on investments in PepsiCo common stock.