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Press release from Business Wire

ConAgra Foods Increases Dividend for an Annualized Rate of $1.00

Thursday, September 20, 2012

ConAgra Foods Increases Dividend for an Annualized Rate of $1.0007:30 EDT Thursday, September 20, 2012 OMAHA, Neb. (Business Wire) -- In recognition of the company's strong cash flows and earnings outlook, the board of directors of ConAgra Foods, Inc., (NYSE: CAG) approved an increase in the company's quarterly dividend from $0.24 per share to $0.25 per share for the payment to be made on Dec. 4, 2012, to stockholders of record at the close of business on Oct. 31, 2012. With this increase, the annualized dividend rate increases to $1.00 per share. ConAgra 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, Healthy Choice, 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 www.conagrafoods.com. ConAgra Foods, Inc.Media:Teresa Paulsen, 402-240-5210Vice President,Communication & External RelationsorAnalysts:Chris Klinefelter, 402-240-4154Vice President, Investor Relationswww.conagrafoods.com