News Release

ConAgra Foods Declares Quarterly Common Stock Dividend

OMAHA, Neb.--(BUSINESS WIRE)--April 9, 2004--The board of directors of ConAgra Foods, Inc. (NYSE:CAG) has declared a quarterly common stock dividend of $0.26 per share. It will be paid on June 1, 2004, to stockholders of record on May 3, 2004. This will be the third quarterly dividend at the $0.26 rate.

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

    CONTACT: ConAgra Foods, Inc., Omaha
             Chris Kircher, 402-595-5392
             Chris Klinefelter, 402-595-4154

    SOURCE: ConAgra Foods, Inc.