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The Board of Directors of The Pepsi Bottling Group, Inc. (NYSE: PBG) has declared a quarterly dividend of $.02 per share on PBG’s common stock. The dividend is payable September 29, 2000 to PBG shareholders of record on September 8, 2000.

The Pepsi Bottling Group, Inc. is the world’s largest seller, manufacturer and distributor of Pepsi-Cola beverages. The Company is headquartered in Somers, NY, and listed on the New York Stock Exchange under the symbol “PBG.”