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Dole Food Company, Inc. Announces Agreement To Sell Worldwide Packaged Foods And Asia Fresh Produce Businesses

Conference Call

The company will host a conference call for investors to discuss this transaction at 4:30 p.m. ET tomorrow, September 18, 2012. Access to a live audio webcast is available at http://investors.dole.com under “Webcasts.” Toll-free telephone access will be available by dialing 1-866-700-6293 in the United States and 617-213-8835 from international locations. The participant passcode is 33756630. A replay of the call will be available until October 2, 2012. To access the telephone replay, dial 1-888-286-8010 from the United States and 617-801-6888 from international locations and enter the confirmation code 47638060. A replay of the webcast will be archived and available on www.dole.com.

Additional Information

The transaction is expected to be completed in the fourth quarter of fiscal 2012, subject to the timing of the proxy statement process and the anticipated regulatory approvals. The company intends to disclose further information pertaining to this transaction and its strategic business review process, as required or appropriate, in the future.

Deutsche Bank Securities Inc. is acting as lead financial advisor to Dole, and Wells Fargo Securities, LLC. is also advising Dole on this transaction. Both firms have been advising Dole on its strategic business review.

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s reports filed with the Securities and Exchange Commission.

ABOUT DOLE FOOD COMPANY

DOLE is the world’s largest producer and marketer of high-quality fresh fruit and fresh vegetables, and is the leading producer of organic bananas and producer/shipper of organic pineapples. DOLE markets a growing line of packaged and frozen fruit and is a produce industry leader in nutrition education and research. For more information, please visit www.dole.com. For more information on DOLE’s sustainability initiatives, please visit www.dolesustainability.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50411419&lang=en



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