Registration of Securities

January 21, 2008 CORPORATION FINANCE DEPARTMENT IN THE MATTER OF PEPSI-COLA PRODUCTS PHILIPPINES, INC., registrant REGISTRATION OF SECURITIES O R D E R Upon consideration of the Registration Statement and other papers and documents attached thereto which were filed on behalf of Pepsi-Cola Products Philippines, Inc., the Commission resolved to render effective the same for the registration of 3,693,772,279 shares at an offer of P3.50 pursuant to Section 12 of the Securities Regulation Code and its implementing Rules and Regulations, broken down as follows: HETDAC Shares for Public Offering: Primary Shares 380,782,893 Secondary Shares 761,565,787 Over-Allotment Option 171,352,302 Total No. of Offer Shares 1,313,700.982 Issued and Outstanding 2,380,071,297 Total No. of Shares to be registered 3,693,772,279 Out of the said offer shares, 799,644,680 and 342,704,000 shares are allocated for its International and Domestic Offers, respectively. Let a Certificate of Permit to Offer Securities for Sale be issued in favor of PEPSI-COLA PRODUCTS PHILIPPINES, INC. authorizing the sale of the aforementioned securities. Let this Order be published at the expense of the corporation once in a newspaper of general circulation in the Philippines within ten (10) days from date hereof. The corporation is hereby directed to furnish the Commission with a copy of the affidavit of publication of this Order. IAcDET IT IS RESOLVED. Mandaluyong City, Philippines. January 21, 2008. (SGD.) JUSTINA F. CALLANGAN Director Published in The Manila Times on January 23, 2007 .