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Press release from GlobeNewswire (a Nasdaq OMX company)

Smithfield Foods Confirms Receipt of Memorandum From Continental Grain Company

Friday, March 08, 2013

Smithfield Foods Confirms Receipt of Memorandum From Continental Grain Company04:30 EST Friday, March 08, 2013SMITHFIELD, Va., March 8, 2013 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (NYSE:SFD) confirmed that the company's board of directors received a memorandum from Continental Grain Company yesterday. Smithfield's board of directors, in consultation with its financial and legal advisers, will review it in due course.About Smithfield Foods Smithfield Foods is a $13 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Farmland®, Armour®, Cook's®, Gwaltney®, John Morrell®, Kretschmar®, Curly's®, Carando®, Margherita®, and Healthy Ones®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental, and food safety and quality programs. For more information, visit www.smithfieldfoods.com and www.smithfieldcommitments.com. The Smithfield Foods, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7622CONTACT: Keira Lombardo Smithfield Foods, Inc. (757) 365-3050 keiralombardo@smithfieldfoods.com Lawrence A. Rand Kekst and Company, Inc. (212) 521-4834 lar@kekst.com