Campbell Completes Sale of Australian Salty Snack Brands

CAMDEN, N.J.–(BUSINESS WIRE)–May 12, 2008–Campbell Soup Company
(NYSE:CPB) today announced it has completed the sale of its Australian
salty snack brands to a group of Australian investors, including the
senior management of The Real McCoy, an Australian owned snack foods
company. Campbell announced the agreement of sale on April 28, 2008.

The transaction included the following salty snack brands:
Cheezels, Thins, Tasty Jacks, French Fries, and Kettle Chips. The
transaction also included two plants in Australia that produce salty

    Financial terms were not disclosed.

    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

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

    SOURCE: Campbell Soup Company