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Campbell Soup Company Announces Quarterly Dividend

CAMDEN, NJ, March 22, 2001 — Campbell Soup Company (NYSE:CPB) today announced that the Company’s Board of Directors declared a regular quarterly dividend on its capital stock of 22.5 cents per share. The dividend is payable April 30, 2001 to shareowners of record at the close of business on April 6, 2001.

Campbell Soup Company is the world’s largest maker and marketer of soup with fiscal 2000 sales of $6.3 billion. The company’s soups are sold under the global “Campbell’s” brand, “Swanson” broths in the U.S., “Erasco,” in Germany and “Liebig” in France. Among its other strong food brands are “Pepperidge Farm” cookies and crackers, “V8” and “V8 Splash” juice, “Pace” Mexican sauce, “Prego” pasta sauce, “Homepride” sauces in the United Kingdom, “Arnott’s” biscuits in Australia, and Godiva Chocolatier around the world.