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Contact: John Hocevar, 212-358-0071
Lhadon Tethong, 917 418-4181

Bank Of America Investment NEW YORK (October 30, 2001) -- Students for a Free Tibet (SFT) revealed today that Pabst Blue Ribbon is running an advertising campaign in Tibet stating that ''Pabst Blue Ribbon celebrates the 50th anniversary of the peaceful liberation of Tibet.'' The student group is demanding Pabst issue an immediate public apology.

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Investment Opportunity Students for a Free Tibet obtained photos of the contentious billboards directly across the street from the Potala Palace, the winter residence of H.H the Dalai Lama. The Potala, constructed in the 7th century by the Tibetan King Songsten Gampo, was recognized as a UNESCO World Heritage Site in 1994. The billboards, written in Tibetan and Chinese, appear to be targeted at the local population as well as Chinese tourists.

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Banc Of America Investment Chinese soldiers have also been photographed stationed under Pabst Blue Ribbon umbrellas in Lhasa. The umbrellas appear to be specifically designed to shelter People's Liberation Army sentries, and are a common site throughout Tibet's capital.

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Banking Investment ''It's absolutely outrageous that Pabst would publicly celebrate China's brutal invasion and occupation of my country,'' said Lhadon Tethong, Tibetan activist and Projects Coordinator for Students for a Free Tibet. ''What's next - 'Pabst celebrates the 15th anniversary of the peaceful conclusion of the uprising in Tiananmen Square'?''

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Investment Solution Strategic China invaded Tibet in 1949. Since then, the Tibetan people have suffered religious repression and human rights abuses at the hands of the Chinese government. According to a U.S State Department report on religious freedom released last week, ''repression of religious freedom in Tibet reached severe levels'' in 2000. The report went on to say that ''many persons, including monks and nuns, were arrested for attempting to protest peacefully or for refusing to abide by rules imposed by government authorities in Buddhist monasteries. There were reports of the death of religious prisoners, as well as the imprisonment and abuse or torture of monks and nuns accused of political activism.''

Description Like an oasis of calm, this tranquil medley of sky blue and cloud white flowers accented with a graceful blue ribbon is an enchanting winter floral gift and a wonderful way to celebrate Hanukkah or even a special birthday.

Investment Banking Services ''Pabst Blue Ribbon's ad campaign is one of the worst examples of a corporation demeaning itself to please a foreign dictatorship I have ever seen,'' said John Hocevar, Executive Director of Students for a Free Tibet. ''It's indefensible both morally and historically, and warrants an immediate public apology.''

Bank Investment Photos are available at http://www.studentsforafreetibet.org/urgent.htm or through SFT.

Alternative Investment Students for a Free Tibet is a network of chapters at more than 650 high schools and universities working in solidarity with the Tibetan people in their struggle for freedom and independence. Through education, grassroots organizing, and nonviolent direct action, SFT campaigns for Tibetans' fundamental right to political freedom. SFT empowers and trains youth as leaders in the worldwide movement for social justice.

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