Keebler Foods Company (NYSE: KBL) announced yesterday that its board of directors declared a quarterly dividend of $0.1125 per share.

The dividend is payable on December 20, 2000 to stockholders of record on December 6, 2000.

Keebler, founded in 1853, is the second-largest cookie and cracker marketer and manufacturer in the United States with the last trailing twelve-month net sales of $2.7 billion. Keebler markets its products under well-recognized brands such as Keebler, Cheez-It, Carr's, Ready Crust, Famous Amos, Murray, Plantation and Austin. Keebler is also a leading manufacturer for both the private label and foodservice markets. Through its Little Brownie Bakers subsidiary, Keebler is a leading licensed supplier of Girl Scout Cookies. Keebler is also the licensed supplier with Sesame Workshop featuring Sesame Street Muppet characters and educational games on a broad range of snack category products. Keebler Foods Company is headquartered in Elmhurst, Illinois. For additional information, please visit the Keebler web site at www.keebler.com.

Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Other factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general are described in the company's filings with the Securities and Exchange Commission.