CORAL GABLES, Fla.--(BUSINESS WIRE)--Jan. 5, 2005--Fresh Del Monte Produce Inc. (NYSE:FDP), today announced that the board of directors has declared the regular quarterly cash dividend of twenty cents ($0.20) per share, payable on March 8, 2005, to shareholders of record on February 10, 2005.

Fresh Del Monte Produce Inc. is a leading, vertically integrated producer, marketer and distributor of high quality fresh fruit and vegetables and a producer and marketer of processed fruit in Europe, Middle East and Africa. Fresh Del Monte markets its products worldwide under the Del Monte(R) brand, a symbol of product quality, freshness and reliability since 1892.

This press release contains certain forward-looking statements regarding the intents, beliefs or current expectations of the Company or its officers with respect to various matters. These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company's actual results may differ materially from those in the forward-looking statements as a result of various important factors, including those described under the caption "Key Information - Risk Factors" in Fresh Del Monte Produce Inc.'s Form 20-F for the year ended December 26, 2003.

Note to the Editor: This release and other press releases are available on the Company's web site, http://www.freshdelmonte.com.

CONTACT:
Fresh Del Monte Produce Inc., Coral Gables
Christine Cannella, 305-520-8433

SOURCE: Fresh Del Monte Produce Inc.