April 8, 2021

PURCHASE, N.Y., April 7, 2021-- PepsiCo, Inc. (NASDAQ: PEP) today issued the following statement:

At PepsiCo, we believe the right to vote is the cornerstone of American democracy - an inalienable right that countless citizens, particularly women and people of color have fought for. We call on elected officials across the country to come together with impacted stakeholders to support nonpartisan solutions that encourage greater participation in our democratic process.

PepsiCo has a long history of supporting fair and equitable access to the ballot. We have consistently provided our associates with nonpartisan voter education and information on how to register, vote-by-mail options and volunteer opportunities, particularly during the challenges of the pandemic last November. We also believe in providing our team members the flexibility to exercise their right to vote in person, whether early or on Election Day, to ensure participation.

We remain committed to supporting efforts encouraging expanded voter participation, while continuing to ensure free, fair elections that are conducted with the utmost integrity.

About PepsiCo

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker Tropicana, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.