ConAgra Foods Declares Quarterly Common Stock Dividend

OMAHA, Neb.--(BUSINESS WIRE)--July 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 September 1, 2004, to stockholders of record on August 2, 2004. This will be the fourth 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 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.