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Hormel Foods To Acquire Iconic Skippy® Peanut Butter Line

Stocks in this article: HRL

CONFERENCE CALL

A conference call will be webcast at 8:30 a.m. CT on Thursday, January 3, 2013. Access is available at http://www.hormelfoods.com. If you do not have Internet access and want to listen to the call over the phone, the dial-in number is 800-762-8779 and the access code is 4586992. The audio replay is available by calling 800-406-7325 and entering access code 4586992. The audio replay will be available beginning at 10:30 a.m. CT on Thursday, January 3, 2013, through 11:59 p.m. CT on January 10, 2013. The Webcast replay will be available at 10:30 a.m. CT, Thursday, January 3, 2013, and archived for one year.

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor's (S&P) 500 Index, S&P Dividend Aristocrats for 2012, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was again named one of "The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the fourth year in a row. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit http://www.hormelfoods.com.

Forward-Looking Statements

This news release contains forward-looking information based on management’s current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to: whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the transaction. Please refer to the cautionary comments regarding Forward-Looking Statements and Risk Factors that appear on pages 27-30 in the company’s 2012 annual report, which can be accessed at http://www.hormelfoods.com under “Investors-Annual Reports” for other factors that could affect our business.



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