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Fresh Del Monte Produce Inc. Declares Cash Dividend

10.08.03

CORAL GABLES, Fla.--(BUSINESS WIRE)--Oct. 8, 2003--Fresh Del Monte Produce Inc. (NYSE:FDP), today announced its eighth consecutive quarterly cash dividend.

The Company announced that the board of directors has declared a regular cash dividend of $0.20 per share, payable on December 4, 2003, to shareholders of record on November 11, 2003.

Fresh Del Monte is a leading vertically integrated producer and marketer of high quality fresh produce. The Company's primary products include bananas, pineapples, melons, specialty melons, tomatoes, potatoes, strawberries, onions, grapes, citrus, apples, pears, peaches, plums and plantains. 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, http://www.freshdelmonte.com.

    CONTACT: Fresh Del Monte Produce Inc., Coral Gables
             Dana Weinstein, 305/520-8278

    SOURCE: Fresh Del Monte Produce Inc.
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