ConAgra Foods Announces Dividend Payment

ConAgra Foods, Inc.

MEDIA

Teresa Paulsen, 402-595-5210

Vice President, Corporate Communication

or

ANALYSTS

Chris Klinefelter, 402-595-4154

Vice President, Investor Relations

www.conagrafoods.com

The board of directors of ConAgra Foods, Inc., (NYSE: CAG) approved a dividend payment of $0.19 per common share, to be paid on Dec. 1, 2008, to shareholders of record at the close of business on Oct. 31, 2008.

ConAgra Foods, Inc., (NYSE: CAG) is one of North America’s leading packaged food companies, serving consumer grocery retailers, as well as restaurants and other foodservice establishments. Popular ConAgra Foods consumer brands include: Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt’s, Marie Callender’s, Orville Redenbacher’s, PAM and many others. For more information, please visit us at www.conagrafoods.com.

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