OMAHA, Neb.--(BUSINESS WIRE)--Oct. 17, 2007--ConAgra Foods today released the following statement regarding the government's investigation of Public Warehousing Company:

"ConAgra Foods has been assured by the Department of Defense, which is leading the investigation of Public Warehousing Company, that its role in this investigation is limited to that of a witness. ConAgra Foods first received a request for information from the Department of Defense in January 2007 regarding its inquiry into Public Warehousing Company's activities. Since then, ConAgra Foods has cooperated with the Department of Defense's investigation of Public Warehousing Company and provided the relevant records and testimony to the government investigators."

ConAgra Foods Inc. (NYSE:CAG) is one of North America's leading packaged food companies, serving grocery retailers, as well as restaurants and other foodservice establishments. For more information, please visit us at www.conagrafoods.com.

    CONTACT: ConAgra Foods
             Media:
             Stephanie Childs, 402-595-6258
             or
             Analysts:
             Chris Klinefelter, 402-595-4154
             www.conagrafoods.com

    SOURCE: ConAgra Foods