PEPSICO RESCINDS SHARE REPURCHASE PROGRAMS
PURCHASE, N.Y. Dec. 4 - PepsiCo, Inc. announced today that its Board of
Directors has rescinded its recently authorized share repurchase program under
which the company intended to buy back $4 billion of stock over the next three
years.
The new program had been authorized by of the Board of Directors and announced
on November 21, 2000.
The Board also rescinded the earlier $3 billion share repurchase program under
which $2.8 billion has been expended.
# # # #
Page 7
