ConAgra Foods Lamb Weston to Expand Operations in Boardman, Ore.

  ConAgra Foods Lamb Weston to Expand Operations in Boardman, Ore.

              $200 Million Expansion Will Add Capacity and Jobs

Business Wire

OMAHA, Neb. -- November 09, 2012

ConAgra Foods, Inc., (NYSE:CAG) announced today an estimated $200 million
expansion of its Lamb Weston frozen potato facility in Boardman, Ore. This
strategic investment will add a new line to the plant – increasing capacity
for making french fries and other frozen potato products – and is expected to
create approximately 100 jobs for the region.

As consumer demand for frozen potato products continues to grow both
domestically and internationally, this significant capacity increase is needed
to fulfill Lamb Weston’s customer growth projections, particularly the dynamic
growth expected from international markets.

“Our need to expand is a testament to our strong customer partnerships, our
great-tasting french fries, and the outstanding work our employees do every
day to create food people love,” said Rick Martin, vice president, Global
Operations, ConAgra Foods Lamb Weston. “This expansion also reflects our
confidence in the region’s growers to deliver high-quality potatoes while
working with state and local government to ensure long-term, sustainable
growing practices. We specifically appreciate the efforts and support of the
Columbia River Enterprise Zone, Port of Morrow, city of Boardman, Morrow
County and the state of Oregon and are proud to be an active part of this
thriving community.”

“We’re thrilled Lamb Weston has reaffirmed its commitment to Boardman and the
entire Columbia River Basin,” said Gary Neal, general manager, Port of Morrow.
“As Lamb Weston realized, Boardman is an ideal place to expand as its business
and employees continue to thrive here.”

Construction of the 192,000 square foot, state-of-the-art addition is expected
to begin in early 2013 with completion in 2014. The expansion does not alter
ConAgra Foods’ existing fiscal 2013 capital expenditure guidance.

“We are excited about Lamb Weston’s commitment to expand its operations in the
Columbia Basin,” said Tim McCabe, director, Business Oregon. “We look forward
to working in the near future with the Port of Morrow, city of Boardman and
Morrow County as a partner to assist Lamb Weston’s growth and ensure they
remain a major employer in the area for years to come.”

ConAgra Foods Lamb Weston is one of the largest employers in the Columbia
River Basin – an area known for growing high-quality potatoes and other
vegetables. The company operates seven facilities in the region employing
nearly 4,500 people, including 500 employees in Boardman and 500 in Hermiston,
Ore.

With easy access to the Port of Morrow, the Boardman facility is strategically
situated to support both domestic and international growth plans of Lamb
Weston customers. Proximity to prime growing and shipping operations also
helps reduce transportation needs, supporting Lamb Weston’s efforts to shrink
its carbon footprint. The existing Boardman facility is EPA ENERGY STAR^®
Certified as a result of employee efforts to reduce energy, reuse water and
increase recycling.

About ConAgra Foods
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, 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.

Note on Forward-looking Statements

This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are based
on management’s current views and assumptions of future events and financial
performance and are subject to uncertainty and changes in circumstances. We
undertake no responsibility for updating these statements. Readers of this
release should understand that these statements are not guarantees of
performance or results. Many factors could affect our actual financial results
and cause them to vary materially from the expectations contained in the
forward-looking statements, including those set forth in this release. These
factors include, among other things: availability and prices of raw materials,
including any negative effects caused by inflation or adverse weather
conditions; the effectiveness of our product pricing, including any pricing
actions and promotional changes; future economic circumstances; industry
conditions; our ability to execute our operating and restructuring plans; the
success of our innovation, marketing, and cost- saving initiatives; the
competitive environment and related market conditions; operating efficiencies;
the ultimate impact of any product recalls; our success in efficiently and
effectively integrating acquisitions; access to capital; actions of
governments and regulatory factors affecting our businesses, including the
Patient Protection and Affordable Care Act; the amount and timing of
repurchases of our common stock, if any; and other risks described in our
reports filed with the Securities and Exchange Commission. We caution readers
not to place undue reliance on any forward-looking statements included in this
release, which speak only as of the date of this release.

Contact:

ConAgra Foods
Becky Niiya, 402-240-5312
Becky.Niiya@conagrafoods.com
 
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