News Release

ConAgra Foods Announces Dividend Payment

Jul 18, 2007, 9:28 AM EDT

OMAHA, Neb.--(BUSINESS WIRE)--July 18, 2007--The board of directors of ConAgra Foods, Inc., (NYSE:CAG) has declared a quarterly stock dividend payment of $0.18 per common share, to be paid on Sept. 4, 2007, to shareholders of record on Aug. 2, 2007.

ConAgra Foods, Inc., (NYSE:CAG) is one of North America's leading packaged food companies, serving grocery retailers, as well as restaurants and other foodservice establishments. Popular ConAgra Foods consumer brands include: Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, Reddi-wip, PAM and many others.


    CONTACT: ConAgra Foods, Inc.
             Media:
             Chris Kircher, 402-595-5392
             Vice President, Corporate Affairs
             or
             Analysts:
             Chris Klinefelter, 402-595-4154
             Vice President, Investor Relations
             www.conagrafoods.com

    SOURCE: ConAgra Foods, Inc.