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Fresh Del Monte Produce Inc. Declares Cash Dividend


CORAL GABLES, Fla., Jul 9, 2003 (BUSINESS WIRE) -- Fresh Del Monte Produce Inc. (NYSE:FDP) today announced its seventh consecutive quarterly cash dividend.

The Company announced that the board of directors has declared a regular cash dividend of $0.10 per share, payable on September 4, 2003, to shareholders of record on August 12, 2003.

Fresh Del Monte is a leading vertically integrated producer and marketer of high quality fresh and packaged fresh-cut fruit and vegetables. The Company's products include bananas, pineapples, cantaloupe, honeydew, watermelons, tomatoes, potatoes, onions, grapes, non-tropical fruit (including citrus, apples, pears, peaches, plums, nectarines, apricots and kiwi), plantains, Vidalia(R) sweet onions and various greens. The Company markets its products worldwide under the DEL MONTE(R) brand, a symbol of product quality and reliability since 1892.

This press release contains certain forward-looking statements regarding the intents, beliefs or current expectations of the Company or its officers with respect to various matters. These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company's actual results may differ materially from those in the forward-looking statements as a result of various important factors, including those described under the caption "Key Information - Risk Factors" in Fresh Del Monte Produce Inc.'s Form 20-F for the year ended December 27, 2002.

Note to the Editor: This release and other press releases are available on the Company's web site,

SOURCE: Fresh Del Monte Produce Inc.

Fresh Del Monte Produce Inc., Coral Gables
John F. Inserra, 305/520-8065
Christine Cannella, 305/520-8451
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