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Hormel Foods Corporation Declares Quarterly Dividend

May 22, 2007

AUSTIN, MINN. – The Board of Directors of Hormel Foods Corporation (NYSE:HRL), Austin, Minn.-based manufacturer and marketer of consumer-branded meat and food products, has declared a regular quarterly dividend of fifteen cents ($.15) per share on the common stock of the corporation.

The dividend is to be paid Aug. 15, 2007, to stockholders of record at the close of business on July 21, 2007.

This is the 316th consecutive quarterly dividend.