CONAGRA FOODS RACING LAUNCHES WEB SITE FOR NASCAR FANS IN CONJUNCTION WITH 2005 BUSCH SERIES DEBUT IN CHARLOTTE

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NASCAR NEXTEL Cup 2000 Champion Bobby Labonte Will Help Promote ConAgra Foods’ Banquet, Eckrich, Hunt’s and Slim Jim Brands through Interactive Weblog

CHARLOTTE, N.C., May 27, 2005 – ConAgra Foods, Inc. announced today that NASCAR driver Bobby Labonte will return to the Busch Series for the CarQuest Auto Parts 300 May 28 at Lowe’s Motor Speedway, one of eight Busch Series races he will compete in this season. Labonte will drive the Hunt’s® No. 19 Chevrolet, one of four branded cars ConAgra Foods is sponsoring this year. ConAgra Foods also announced the official launch of its new racing Web site, www.conagrafoodsracing.com. The site spotlights Labonte and the Joe Gibbs Racing team, includes several unique, interactive features and promotes ConAgra Foods brands such as Banquet®, Eckrich® Hunt’s and Slim Jim®. The Web site will include a weekly Bobby Labonte Weblog, a state-of-the-art communications tool used by sports stars, celebrities and everyday people. Labonte’s online journal will offer an inside look into his season, the world of NASCAR and Joe Gibbs Racing, and will feature his views on the track he’ll be racing at each week. "We’re always looking for different ways to reach out to our fans, and the ConAgra Foods Racing Web site and my blog is a perfect way to do it," Labonte said. "From the Web site, we’re giving people an opportunity to learn what it’s like to be on a NASCAR team. It’s just one way we can thank the loyal fans of NASCAR and customers of ConAgra Foods." Mike Hargrave, vice president, Sponsorship and Event Marketing, ConAgra Foods, said the site will further advance the company’s sponsorship as well as brand and product recognition. "We have tailored the site to appeal to die-hard NASCAR enthusiasts, casual race fans and to consumers of ConAgra Foods’ great-tasting products," said Hargrave. We’re extremely pleased to have Bobby serve as the focal point of our new Web site, as well as drive ConAgra Foods cars again this year." ConAgra Foods is a longtime sponsor of Labonte, the 2000 NASCAR NEXTEL Cup champion. Labonte will continue to appear in advertising and promotions, as well as make personal appearances on behalf of ConAgra Foods’ products.

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