CAMDEN, N.J., Jun 27, 2002 (BUSINESS WIRE) — Campbell Soup Company (NYSE:CPB)
today announced that the Company’s Board of Directors declared a regular
quarterly dividend on its capital stock of .1575 cents per share. The dividend
is payable July 31, 2002 to shareowners of record at the close of business on
July 5, 2002.

    About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of high quality
soup, sauces, beverage, biscuits, confectionery and prepared food products. The
company owns a portfolio of more than 20 market-leading businesses each with
more than $100 million in sales. They include “Campbell’s” soups worldwide,
“Erasco” soups in Germany and “Liebig” soups in France, “Pepperidge Farm”
cookies and crackers, “V8” vegetable juices, “V8 Splash” juice beverages, “Pace”
Mexican sauces, “Prego” Italian sauces, “Franco-American” canned pastas and
gravies, “Swanson” broths, “Homepride” sauces in the United Kingdom, “Arnott’s”
biscuits in Australia and “Godiva” chocolates around the world. The company also
owns dry soup and sauce businesses in Europe under the “Batchelors,” “Oxo,”
“Lesieur,” “Royco,” “Liebig,” “Heisse Tasse,” “Bla Band” and “McDonnells”
brands. The company is ably supported by approximately 24,000 employees
worldwide. For more information on the company, visit Campbell’s website on the
Internet at www.campbellsoup.com.

CONTACT:          Campbell Soup Company

                  Elizabeth Bingham Douglass (Media), 856/342-3813

                  Leonard F. Griehs (Analysts), 856/342-6428