News Release

ConAgra Foods Announces Details of Third-Quarter Earnings Release and Management's Discussion of Results

OMAHA, Neb.--(BUSINESS WIRE)--March 17, 2005--ConAgra Foods Inc. (NYSE:CAG), one of America's leading packaged food companies, announced today that it will report its fiscal 2005 third-quarter earnings on Thursday, March 24, 2005. A news release will be made available over the wire at approximately 7:30 a.m., EST.

At 8:30 a.m., EST, there will be an update by ConAgra Foods management, which domestic and international participants may access toll-free by dialing 1-877-447-8217 and 1-706-679-0415, respectively. No confirmation or pass code is needed. The discussion also can be accessed via the Internet at www.conagrafoods.com/investors. A digital replay of the discussion will be available after 10:30 a.m., EST, at 1-800-642-1687 for domestic participants and at 1-706-645-9291 for international participants. A conference I.D. number will be required to access the digital replay. The conference I.D. number is 4029057.

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


    CONTACT: ConAgra Foods Inc., Omaha
             Media:
             Chris Kircher, 402-595-5392
             or
             Analysts:
             Chris Klinefelter, 402-595-4154
             www.conagrafoods.com

    SOURCE: ConAgra Foods Inc.