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Campbell Announces Plans to Build $80 Million Plant for Its Fast Growing Premium Refrigerated Soup Business

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CAMDEN, N.J.–(BUSINESS WIRE)–July 15, 2005–Campbell Soup
Company (NYSE:CPB) today announced plans to build a new $80 million,
220,000-square-foot culinary campus in Everett, Wash. for its
fast-growing premium refrigerated soup business. The new facility will
enable the company’s StockPot business to increase its production
capacity by 50% when it relocates from its present campus in
Woodinville, Wash. The new StockPot facility is expected to start up
in the summer of 2006.

Campbell acquired StockPot Inc., which makes restaurant-quality,
fresh-refrigerated soups and sauces for the food service industry, in
1998. StockPot’s products, which have achieved double-digit growth
over the past four years, are sold across the U.S. as part of
Campbell’s Away From Home division. StockPot is a share leader in the
refrigerated soup category in the food service and supermarket

Archie van Beuren, Campbell’s President – Away From Home, Canada,
Latin America and Mexico Division, said, “Demand for StockPot soups is
increasing dramatically through ongoing taste innovations and an
absolute dedication to quality. Our new culinary campus will enable
StockPot to continue to grow in the food service market, as well as
with many leading food retailers who are increasingly recognizing that
StockPot’s line of high-quality refrigerated soup is a tremendous
complement to their prepared foods offerings.”

In early April, King County, Wash., officials and StockPot reached
an agreement to relocate the company’s existing culinary campus to
allow for the development of the Brightwater Treatment Plant north of
Woodinville in Snohomish County. As part of that agreement, a $23.45
million relocation benefits package was offered by King County, which
was intended to assist StockPot to relocate within King, Snohomish or
Pierce counties, and thereby maintain over 400 jobs and $21 million in
annual company purchases in the region.

Kathleen Horner, President – StockPot, said, “Everyone associated
with StockPot is gratified that we will be relocating to Everett,
which is only 15 miles from our current Woodinville campus. While the
soups we make at our culinary campus have achieved national presence,
the Puget Sound is our home. We all deeply appreciate the help that
was provided by so many individuals and agencies that have made it
possible for StockPot to relocate in the area.”

StockPot’s new 18-acre culinary campus will be located within the
Panattoni Development Company’s Seaway Business Center, which is
southwest of downtown Everett. The proposed design and site will also
allow for future expansion.

Forward-Looking Statement

This release contains “forward looking statements” which reflect
Campbell’s current expectations about its or its subsidiaries’ future
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 Campbell or its subsidiaries. Please refer to
Campbell’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 soup, sauce, beverage, baking, biscuit, confectionery and
prepared food products. Founded in 1869, the company has a portfolio
of more than 20 market-leading brands, and had over $7 billion in
sales in 2004. For more information on the company, visit Campbell’s
website at

    CONTACT: Campbell Soup Company
             John W. Faulkner (Media)
             (856) 342-3738
             Leonard F. Griehs (Analysts)
             (856) 342-6428

    SOURCE: Campbell Soup Company
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