Dole Food to Close Sale of Worldwide Packaged Foods, Asia Fresh Business Early in 2013

Dole Food Company, Inc.

today announced that it expects the sale of its worldwide packaged foods and Asia fresh businesses to ITOCHU Corporation for $1.685 billion in cash, now to be completed in early 2013. The sale transaction is still waiting for China regulatory approval, with the required regulatory approvals from the other six countries already received.