The PGA of America & Pepsico Extend Multi-Year Beverage Partnership Relationship Celebrates 20-Year Mark

PALM BEACH GARDENS, Fla. (July 21, 2012) – The PGA of America and PepsiCo, Inc. (NYSE: PEP) have renewed their longstanding partnership with a new multi-year contract. PepsiCo, maker of iconic beverage brands such as Pepsi, Mountain Dew, Gatorade, Lipton iced teas and Aquafina, has served as the official non-alcoholic beverage provider of PGA Professionals since 1993.

Nearly two decades ago, PepsiCo first made a commitment to The PGA of America and its thousands of Professionals nationwide. Today, PepsiCo beverages will continue to be exclusively served in hospitality and concession areas at each PGA Championship, U.S.-based Ryder Cup, Senior PGA Championship presented by KitchenAid and PGA Grand Slam
of Golf... PepsiCo beverages will also be poured at PGA of America-owned and operated facilities, including Valhalla Golf Club in Louisville, Ky., and PGA Village in Port St. Lucie, Fla., which encompasses PGA Golf Club, PGA Center for Golf Learning and Performance and PGA Country Club.

“An impressive line of PepsiCo products have collectively served as the beverage choice for a generation
of PGA Professionals,” said PGA President Allen Wronowski. “The PGA of America is delighted that PepsiCo has extended our partnership, which will span over two decades when the terms are fulfilled, a reflection of the great value
of and influence our 27,000 men and women PGA Professionals have on consumers. With a rich tradition of support at
the green grass golf facility level and continued engagement at the Association’s major consumer events and golf properties, PepsiCo beverages have become an integral part of the fabric of The PGA of America and the game of golf.”

“PepsiCo and The PGA of America have shared a strong relationship for many years, and we’re excited to renew our partnership as its exclusive beverage provider,” said Stacy Reichert, senior vice president, national sales and chief customer officer of PepsiCo’s Foodservice division. “We’re committed to supporting the game of golf and its thousands
of Professionals across the United States. The PGA of America is a valued partner and will continue to give our brands great visibility in the golf community over the coming years.”

PepsiCo has also renewed its support of Golf Retirement Plus™. Founded in 1997, Golf Retirement Plus is a supplemental retirement program for PGA Professionals and apprentices, GCSAA Superintendents, and CMAA Club Managers, which allows them to make their own contributions or have their employers contribute to their Golf Retirement Plus account on their behalf. PGA Professionals may also earn personal retirement incentives by participating in the Golf Retirement Plus Sponsor Programs.

About The PGA of America

Since its founding in 1916, The PGA of America has maintained a twofold mission: to establish and elevate the standards of the profession and to grow interest and participation in the game of golf. By establishing and elevating the standards of the golf profession through world-class education, career services, marketing and research programs, The PGA enables its professionals to maximize their performance in their respective career paths and showcases them as experts in the game and in the multi-billion dollar golf industry. By creating and delivering world-class championships and innovative programs, The PGA of America elevates the public's interest in the game, the desire to play more golf, and ensures accessibility to the game for everyone, everywhere. As The PGA nears its centennial, the PGA brand represents the very best in golf.

About PepsiCo

PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo's people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also, means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo's promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit