CAMDEN, N.J., Sep 28, 2006 (BUSINESS WIRE) — Campbell Soup Company (NYSE: CPB) today announced that the
Company’s Board of Directors has approved an 11.1% increase in its
quarterly dividend from $.18 per share to $.20 per share. The
quarterly dividend is payable October 30, 2006 to shareholders of
record at the close of business on October 9, 2006. On an annual
basis, the dividend will increase from $.72 per share to $.80 per
share.

Douglas R. Conant, Campbell’s President and Chief Executive
Officer, said, “Based on our strong cash flow and solid financial
performance, we are pleased to increase the dividend for the third
consecutive year.”

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high quality simple meals, including soups, baked snacks,
vegetable-based beverages, and premium chocolate products. Founded in
1869, the company has a portfolio of market-leading brands, including
“Campbell’s,” “Pepperidge Farm,” “Arnott’s,” “V8,” and “Godiva.” For
more information on the company, visit Campbell’s website at
www.thecampbellscompany.com.

SOURCE: Campbell Soup Company

Campbell Soup Company
Anthony Sanzio (Media)
(856) 968-4390
or
Leonard F. Griehs (Analysts)
(856) 342-6428