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Campbell Soup Company Announces Quarterly Dividend

CAMDEN, N.J., Mar 27, 2003 (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 $0.1575 per share. The dividend is
payable April 30, 2003 to shareowners of record at the close of business on
April 11, 2003.

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” pasta 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 25,000 employees
worldwide. For more information on the company, visit Campbell’s website on the
Internet at www.campbellsoup.com.

CONTACT:          Campbell Soup Company
Media
Michelle M. Davidson, 856/968-4390
or
Analysts
Leonard F. Griehs, 856/342-6428