The Board of Directors of The Pepsi Bottling Group, Inc. (NYSE:PBG - news) has declared a quarterly dividend of $.02 per share on PBG's common stock. The dividend is payable January 2, 2001 to PBG shareholders of record on December 8, 2000.

The Pepsi Bottling Group, Inc. (www.pbg.com) is the world's largest seller, manufacturer and distributor of Pepsi-Cola beverages, with operations in the U.S., Canada, Greece, Spain and Russia.