News Release

ConAgra Foods Announces March Dividend Payment

Dec 7, 2006, 6:03 AM EST

OMAHA, Neb.--(BUSINESS WIRE)--Dec. 7, 2006--Today the board of directors of ConAgra Foods, Inc. (NYSE:CAG) approved a dividend payment of $0.18 per common share, to be paid on March 1, 2007, to shareholders of record on Jan. 29, 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., Omaha
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.

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