Pepsi Bottling Group (PBG)

      The Pepsi Bottling Group, Inc. (“PBG” or the “Company”) will hold its Annual Shareholders’ Meeting at its headquarters at One Pepsi Way, Somers, New York, on Wednesday, May 24, 2006, at 10:00 a.m. Eastern Daylight Time to:

      If you own shares of PBG Capital Stock as of the close of business on March 30, 2006 (the “Record Date”), you can vote those shares by proxy or at the Annual Meeting. If you plan to attend the Annual Meeting, you must request an admission card by checking the appropriate box on your proxy card.

      THE HOLDERS OF RECORD OF OUTSTANDING SHARES OF THE COMPANY’S CAPITAL STOCK ENTITLED TO CAST A MAJORITY OF ALL VOTES AT THE ANNUAL MEETING MUST BE PRESENT IN PERSON OR REPRESENTED BY PROXY AT THE ANNUAL MEETING IN ORDER TO HOLD THE MEETING. ANY SHAREHOLDER RETURNING A PROXY MAY REVOKE IT AT ANYTIME BEFORE THE PROXY IS EXERCISED BY FILING WITH THE SECRETARY OF THE COMPANY EITHER A NOTICE OF REVOCATION OR A DULY EXECUTED PROXY BEARING A LATER DATE. THE POWERS OF THE PROXY HOLDERS WILL BE SUSPENDED IF YOU ATTEND THE MEETING IN PERSON AND SO REQUEST, ALTHOUGH ATTENDANCE AT THE MEETING WILL NOT BY ITSELF REVOKE A PREVIOUSLY GRANTED PROXY.