Lancaster Colony Increases Cash Dividend; Reelects Three Directors

      Lancaster Colony Increases Cash Dividend; Reelects Three Directors

PR Newswire

COLUMBUS, Ohio, Nov. 18, 2013

COLUMBUS, Ohio, Nov. 18, 2013 /PRNewswire/ --Lancaster Colony Corporation
(Nasdaq: LANC) announced today that its Board of Directors has declared a
quarterly cash dividend of 44 cents per share on the company's common stock,
marking 51 consecutive years of increasing regular cash dividends. The
dividend will be payable December 31, 2013 to shareholders of record on
December 9, 2013. As of the record date for today's annual shareholder
meeting, there were 27,284,284 common shares outstanding.

Voting at the annual meeting, shareholders reelected three incumbent
directors. They are Kenneth L. Cooke, director, executive vice president and
chief operating officer of Intermedix Corporation; Alan F. Harris, retired
executive vice president and chief marketing and customer officer of Kellogg
Company; and Zuheir Sofia, chairman, president and CEO of Business Bank of
Florida and chairman of Sofia & Company, Inc.

John B. Gerlach, Jr., chairman and chief executive officer of Lancaster
Colony, said the increased regular cash dividend reflects the company's
continued strong financial position and will be the 202^nd consecutive
quarterly cash dividend paid by the company since September 1963. He noted
that the indicated annual payout for the current fiscal year ending June 30,
2014 is $1.72 per share, up from the $1.52 per share regular cash dividend
paid in fiscal 2013, excluding the $5 per share special dividend paid in
December 2012.

Forward-Looking Statements

We desire to take advantage of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 (the "PSLRA"). This news release
contains various "forward-looking statements" within the meaning of the PSLRA
and other applicable securities laws. Such statements can be identified by the
use of the forward-looking words "anticipate," "estimate," "project,"
"believe," "intend," "plan," "expect," "hope" or similar words. These
statements discuss future expectations; contain projections regarding future
developments, operations or financial conditions; or state other
forward-looking information. Such statements are based upon assumptions and
assessments made by us in light of our experience and perception of historical
trends, current conditions, expected future developments; and other factors we
believe to be appropriate. These forward-looking statements involve various
important risks, uncertainties and other factors, many of which are beyond our
control, which could cause our actual results to differ materially from those
expressed in the forward-looking statements. Some of the key factors that
could cause actual results to differ materially from those expressed in the
forward-looking statements include:

  othe potential for loss of larger programs or key customer relationships;
  othe extent to which future business acquisitions are completed and
    acceptably integrated;
  ochanges in financial markets;
  othe uncertainty regarding the effect or outcome of any decision to explore
    further strategic alternatives for our nonfood operation;
  oaccess to required financing;
  othe effect of consolidation of customers within key market channels;
  othe success and cost of new product development efforts;
  ochanges in demand for our products, which may result from loss of brand
    reputation or customer goodwill;
  othe possible occurrence of product recalls or other defective or
    mislabeled product costs;
  oprice and product competition;
  ofluctuations in the cost and availability of raw materials;
  oadverse changes in energy costs and other factors that may affect costs of
    producing, distributing or transporting our products;
  ostability of labor relations;
  odependence on contract copackers and limited or exclusive sources for
    certain goods;
  ochanges in estimates in critical accounting judgments;
  othe outcome of any litigation or arbitration; and
  orisks related to other factors described under "Risk Factors" in other
    reports and statements filed by us with the Securities and Exchange
    Commission, including without limitation our Annual Report on Form 10-K
    and Quarterly Reports on Form 10-Q (available at www.sec.gov).

Forward-looking statements speak only as of the date they are made, and we
undertake no obligation to update such forward-looking statements, except as
required by law. Management believes these forward-looking statements to be
reasonable; however, you should not place undue reliance on such statements
that are based on current expectations.

SOURCE Lancaster Colony Corporation

Website: http://www.lancastercolony.com
Contact: John L. Boylan, Vice President, Treasurer and CFO, or Dale N.
Ganobsik, Director of Investor Relations, Lancaster Colony Corporation, Phone:
614/224-7141, E-mail: ir@lancastercolony.com