Smithfield Foods Confirms Receipt of Continental Grain Co. Presentation

Smithfield Foods, Inc.

confirmed that it has received the presentation from Continental Grain Company. The company reiterates its commitment to review all alternatives to increase long-term value for all shareholders. Smithfield previously reviewed and responded to Continental Grain's March 7^th memorandum to the company's board of directors, which put forth many of the same points contained in today's presentation. The response can be found in Smithfield's April 1, 2013 investor presentation available here.