ConAgra Foods Announces Dividend Payment

ConAgra Foods Inc. (NYSE:CAG) is one of North America's largestpackaged food companies, serving consumer grocery retailers, as wellas restaurants and other foodservice establishments. Popular ConAgraFoods consumer brands include: ACT II, Armour, Banquet, Blue Bonnet,Brown 'N Serve, Butterball, Chef Boyardee, Cook's, Crunch 'n Munch,DAVID, Eckrich, Egg Beaters, Fleischmann's, Golden Cuisine, Gulden's,Healthy Choice, Hebrew National, Hunt's, Kid Cuisine, Knott's BerryFarm, La Choy, Lamb Weston, Libby's, Lightlife, Lunch Makers, MaMaRosa's, Manwich, Marie Callender's, Orville Redenbacher's, PAM,Parkay, Pemmican, Peter Pan, Reddiwip, Rosarita, Ro*Tel, Slim Jim,Snack Pack, Swiss Miss, Van Camp's, Wesson, Wolf, and many others. Formore information, please visit us at www.conagrafoods.com.

Note on Forward-Looking Statements:

This news release contains forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. Thesestatements are based on management's current views and assumptions offuture events and financial performance and are subject to uncertaintyand changes in circumstances. Readers of this release shouldunderstand that these statements are not guarantees of performance orresults. Many factors could affect the company's actual financialresults and cause them to vary materially from the expectationscontained in the forward-looking statements. These factors include,among other things, future economic circumstances, industryconditions, company performance and financial results, availabilityand prices of raw materials, product pricing, competitive environmentand related market conditions, operating efficiencies, access tocapital, actions of governments and regulatory factors affecting thecompany's businesses and other risks described in the company'sreports filed with the Securities and Exchange Commission. The companycautions readers not to place undue reliance on any forward-lookingstatements included in this release, which speak only as of the datemade.