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Campbell Announces 14 Percent Increase in Quarterly Dividend

CAMDEN, N.J.–(BUSINESS WIRE)–Sept. 25, 2008–Campbell Soup
Company (NYSE:CPB) today announced that the company’s Board of
Directors has approved a 14 percent increase in its quarterly dividend
from $0.22 per share to $0.25 per share. The quarterly dividend is
payable November 3, 2008 to shareowners of record at the close of
business on October 6, 2008. On an annual basis, the dividend will
increase from $0.88 per share to an indicated $1.00 per share.

Douglas R. Conant, Campbell’s President and Chief Executive
Officer, said, “This dividend increase demonstrates our ongoing
commitment to creating shareowner value and reflects our confidence in
the long-term growth prospects of Campbell.”

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high-quality foods and simple meals, including soup, baked snacks, and
healthy beverages. Founded in 1869, the company has a portfolio of
market-leading brands, including “Campbell’s,” “Pepperidge Farm,”
“Arnott’s,” and “V8.” For more information on the company, visit
Campbell’s website at www.campbellsoup.com.


    CONTACT: Campbell Soup Company
             Anthony Sanzio (Media)
             (856) 968-4390
             or
             Leonard F. Griehs (Analysts)
             (856) 342-6428

    SOURCE: Campbell Soup Company