THE “MILLIONS OF MEALS” PROGRAM

PEPSICO VIETNAM COMMITS MORE THAN 13 BILLION VND AND INITIATES THE “MILLIONS OF MEALS” PROGRAM TO SUPPORT COVID-19 RELIEF EFFORTS IN VIETNAM

Hanoi, April 13th, 2020 – PepsiCo Vietnam has committed to provide more than 13 billion VND to help aid COVID-19 relief efforts across Vietnam, with 11.7 billion VND from the PepsiCo Foundation and an additional 1.8 billion VND worth of donations from both PepsiCo Vietnam and Suntory PepsiCo Vietnam Beverages.

The funds will help get nutritious meals to at-risk groups, as part of PepsiCo’s global initiative called Give Meals Give Hope”. PepsiCo Vietnam will work with local nonprofits to provide additional medical supplies where needed and support local communities based near where we operate.

PepsiCo Vietnam and its partner, Suntory PepsiCo Vietnam Beverages, launched today the “Millions of Meals” program in partnership with the Central Committee of Vietnam Youth Federation. This program also responds to the Vietnam Prime Minister’s current call for “No one is left behind” to support the most hard-hit communities. Globally, PepsiCo and The PepsiCo Foundation are committing more than US$45 million to combat the impacts of this devastating virus by providing vital local humanitarian support, as well as distributing more than 50 million nutritious meals worldwide.

The “Millions of Meals” program seeks to inspire the business community and society to join hands creating one million meals or more for vulnerable communities affected by the COVID-19 pandemic in the country.

The “Millions of Meals” program started in Hanoi, Ho Chi Minh City and then three other cities in Vietnam. The first 200 beneficiaries, who are hemodialysis patients in Thanh Nhan, Hanoi, received 600 food packages for 3 days delivered by PepsiCo and Suntory volunteers and members of the Vietnam Youth Union. In addition, 600 food packages were delivered to underserved communities in Ward 1, Binh Thanh District, Ho Chi Minh City. Additional food packages will be delivered in Da Nang, Hai Phong and Can Tho in the coming weeks.

The program invested 7 billion VND for food packages, with an additional 1.8 billion VND of product donations from PepsiCo Vietnam and Suntory PepsiCo Vietnam Beverages. PepsiCo Vietnam has also committed 4.7 billion VND to provide additional medical supplies for frontline hospitals nationwide in five locations in Vietnam.

Ms. Wei Wei Yao, PepsiCo Senior Vice President & General Manager Asia said, “The coronavirus pandemic has affected the lives of millions of people worldwide. But this impact has been acutely felt by those most vulnerable in society and those on the very front lines of this crisis – in our health and social care services. At PepsiCo, we want to use our expertise in food to make sure we’re playing a part in the national relief effort. I do hope that by joining hands with communities and the youth nationwide in Vietnam, this ‘Millions of Meals’ program grows stronger and together, we will combat the effects of COVID-19.”

The “Millions of Meals” program is one example of how PepsiCo is providing critical support to communities affected by COVID-19 around the world, and is partly funded by The PepsiCo Foundation, the philanthropic arm of PepsiCo. As one of the leading global food and beverage companies, PepsiCo is working closely with the public sector to help stabilize food and beverage supply operations and help meet consumers’ needs with products available in the market.

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 $67 billion in net revenue in 2019, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. 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 the business.  For more information, visit www.pepsico.com.

About The PepsiCo Foundation

Established in 1962, The PepsiCo Foundation, the philanthropic arm of PepsiCo, invests in the essential elements of a sustainable food system with a mission to support thriving communities. Working with non-profits and experts around the globe, we’re focused on helping alleviate hunger, managing water and waste responsibly and supporting women as champions of nutrition from farm to family. We strive for tangible impact in the places where we live and work—collaborating with industry peers, local and international organizations, and our employees to affect large-scale change on the issues that matter to us and are of global importance. Learn more at www.pepsico.com/sustainability/philanthropy.

For further information, please contact at nam.caohoang@pepsico.com