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Campbell Soup Company Announces Quarterly Dividend

CAMDEN, N.J.–(BUSINESS WIRE)–Nov. 20, 2003–Campbell Soup
Company (NYSE:CPB) today announced that the Company’s Board of
Directors declared a regular quarterly dividend on its capital stock
of 15.75 cents per share. The dividend is payable February 2, 2004 to
shareowners of record at the close of business on January 2, 2004.

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 is 134 years old, with nearly $7
billion in annual sales and a portfolio of more than 20 market-leading
brands. In North America, leading brands include “Campbell’s” soups,
“Swanson” broths, and “Habitant” soups in Canada, “Pepperidge Farm”
cookies, crackers, breads and frozen products, “V8” vegetable juices,
“V8 Splash” juice beverages, “Pace” Mexican sauces, “Prego” pasta
sauces, and “Franco-American” canned pastas and gravies. In Europe,
leading brands include “Erasco” soups in Germany and “Liebig” soups in
France, and several dry soup and sauce brands: “Batchelors,” “Oxo,”
“Lesieur,” “Royco,” “Liebig,” “Heisse Tasse,” “Bla Band,” “Erin,” and
“McDonnells.” Additional European brands include “Homepride” sauces
and “Fray Bentos” canned meats in the United Kingdom, and “Devos
Lemmens” mayonnaise and cold sauces in Belgium and France. In the
Asia-Pacific region, the company markets “Arnott’s” biscuits,
“Campbell’s” soups and stock, and “Swanson” broths. “Godiva”
chocolates are sold around the world. The company is ably supported by
25,000 full-time employees worldwide. For more information on the
company, visit Campbell’s website on the Internet at
www.campbellsoup.com.

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

    SOURCE: Campbell Soup Company