News Release

ConAgra Foods Announces September Dividend Payment

Jul 14, 2006, 3:18 PM EDT

OMAHA, Neb.--(BUSINESS WIRE)--July 14, 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 Sept. 1, 2006, to shareholders of record on July 31, 2006.

ConAgra Foods Inc. (NYSE:CAG) is one of North America's largest 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
or
Analysts:
Chris Klinefelter, 402-595-4154
www.conagrafoods.com

SOURCE: ConAgra Foods Inc.

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