KENNEWICK, Wash., October 16, 2008 — ConAgra Foods Lamb Weston, the largest potato company in North America, and Unisur Alimentos Ltda,, the only frozen French fry and dehydrated potato processing company in Chile, announced today the formation of a new strategic partnership focused on Chile and other South American markets.

As part of the strategic partnership, an expansion of the facilities located in the Region of the Lakes, Llanquihue, Chile is planned. In addition, Unisur will leverage the diverse experience and expertise of Lamb Weston’s USA and Europe businesses. Terms of the partnership were not disclosed.

“This partnership with Lamb Weston is significant for Unisur in that it allows us to build on our unique base in Southern Chile,” said James Hungelmann, executive director of Unisur. “In addition, Lamb Weston is well-known and well-respected for their experience and capabilities internationally, and we believe partnering with Lamb Weston will accelerate our growth plans for market leadership.”

“Our partnership with Unisur supports Lamb Weston’s focus on international growth,” said Jeff DeLapp, president of Lamb Weston. “Unisur is situated in one of the best potato growing areas in South America and we believe their existing business model and people provide a solid foundation for further growth of the South American market.”

ConAgra Foods Lamb Weston is a brand of ConAgra Foods, Inc., (NYSE: CAG) 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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