MEXICO: Pepsi-Gemex Completes Tender Offer of EMVASA

Pepsi Gemex announced today that Dunigras Holding B.V, an indirect subsidiary of Pepsi-Gemex, S.A. de C.V., has completed its previously announced tender offer and paid shareholders of Embotelladores del Valle de Anahuac, S.A. de C.V. ("EMVASA") Ps. 724,930,266.24 for the purchase of 120,940,636 shares, representing 96.86% of the paid in capital of the company. Due to this transaction, EMVASA is now an indirect subsidiary of Pepsi-Gemex, S.A. de C.V. As described in the tender notice and prospectus both dated August 16, 2000, the delisting of the shares issued by EMVASA, in the Securities Section of the National Registry of Securities and Intermediaries of the National Banking and Securities Commission will be requested shortly.

Pepsi Gemex announced today that Dunigras Holding B.V, an indirect subsidiary of Pepsi-Gemex, S.A. de C.V., has completed its previously announced tender offer and paid shareholders of Embotelladores del Valle de Anahuac, S.A. de C.V. (“EMVASA”) Ps. 724,930,266.24 for the purchase of 120,940,636 shares, representing 96.86% of the paid in capital of the company. Due to this transaction, EMVASA is now an indirect subsidiary of Pepsi-Gemex, S.A. de C.V. As described in the tender notice and prospectus both dated August 16, 2000, the delisting of the shares issued by EMVASA, in the Securities Section of the National Registry of Securities and Intermediaries of the National Banking and Securities Commission will be requested shortly.

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