About ConAgra FoodsConAgra Foods, Inc., (NYSE: CAG), is one of North America's leading food companies, with brands in 97 percent of America's households. Consumers find Banquet ®, Chef Boyardee ®, Egg Beaters ®, Hebrew National ®, Hunt's ®, Marie Callender's ®, Orville Redenbacher's ®, PAM ®, Peter Pan ®, Reddi-wip ®, Slim Jim ®, Snack Pack ® and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers. For more information, please visit us at http://www.conagrafoods.com. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on ConAgra Foods' current expectations and are subject to uncertainty and changes in circumstances. These forward-looking statements may be identified by the use of words such as "expect," "anticipate," "believe," "estimate," "potential," "should" or similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause ConAgra Foods' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in or by such forward-looking statements. These risks and uncertainties include, but are not limited to: the timing to consummate the Acquisition; the ability and timing to obtain required regulatory approvals and satisfy other closing conditions in connection with the Acquisition, including the approval of Ralcorp's shareholders; ConAgra Foods' ability to finance the Acquisition; ConAgra Foods' ability to realize the synergies contemplated by the Acquisition; and ConAgra Foods' ability to promptly and effectively integrate the businesses of Ralcorp and ConAgra Foods.