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Campbell Announces Increase in Quarterly Dividend

CAMDEN, N.J.–(BUSINESS WIRE)–Sept. 22, 2005–Campbell Soup
Company (NYSE:CPB) today announced that the Company’s Board of
Directors has approved a 5.9 percent increase in its quarterly
dividend, from $.17 per share to $.18 per share. The quarterly
dividend is payable October 31, 2005 to shareholders of record at the
close of business on October 10, 2005. On an annual basis, the
dividend will increase from $.68 per share to $.72 per share.

Campbell’s President and Chief Executive Officer Douglas R. Conant
said, “This dividend increase reflects our strong cash flow, improved
financial performance, and our confidence in our company’s future.”

Forward Looking Statements

This release contains “forward-looking statements” which reflect
the company’s current expectations about its future plans and
performance. These forward-looking statements rely on a number of
assumptions and estimates which could be inaccurate and which are
subject to risks and uncertainties. Actual results could vary
materially from those anticipated or expressed in any forward-looking
statement made by the company. Please refer to the company’s most
recent Form 10-K and subsequent filings for a further discussion of
these risks and uncertainties. The company disclaims any obligation or
intent to update the forward-looking statements in order to reflect
events or circumstances after the date of this release.

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high quality simple meals, including soup, baked snacks,
vegetable-based beverages, and premium chocolate products.

Founded in 1869, the company has a portfolio of more than 20
market-leading brands, including “Campbell’s,” “Pepperidge Farm,”
“Arnott’s,” “V8,” and “Godiva.” For more information on the company,
visit Campbell’s website at www.campbellsoupcompany.com.


    CONTACT: Campbell Soup Company
             Jerry S. Buckley (Media)
             (856) 342-6007
                 or
             Leonard F. Griehs (Analysts)
             (856) 342-6428

    SOURCE: Campbell Soup Company