Schatz & Nobel, P.C. Announces Class Action Lawsuit Against ConAgra Foods, Inc. HARTFORD, Conn., July 12 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Nebraska on behalf of all persons who purchased the common stock of ConAgra Foods, Inc. (NASDAQ:CAG) ("ConAgra") between September 18, 2003 and June 7, 2005 (the "Class Period"). Schatz & Nobel, P.C. also has substantial experience representing employees who have suffered losses investing in their employer's stock through a company sponsored 401(k) plan. If you bought ConAgra stock through the ConAgra Retirement Income Savings Plans and have information or would like to learn more about your rights as a plan participant, please contact us. The Complaint alleges that ConAgra violated federal securities laws by issuing materially false financial statements. On March 24, 2005, ConAgra announced that it would be restating its financial statements for fiscal 2002 through the first half of fiscal 2005 due to improper accounting for income taxes. On June 7, 2005, ConAgra also announced that its fiscal 2005 fourth quarter would be lower than expected primarily due to continued weak profitability in its packaged meat operations. If you are a member of the class, you may, no later than August 22, 2005, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). While Schatz & Nobel has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, class action cases in general, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499 or by e-mail at , or visit our website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton or Nancy A. Kulesa Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton or Nancy A. Kulesa, both of Schatz & Nobel, P.C., +1-800-797-5499, Web site: http://www.snlaw.net/

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