The General Mills Board of Directors yesterday declared a quarterly dividend at the prevailing rate of $0.275 per share. The dividend is payable May 1, 2001, to shareholders of record April 10, 2001. General Mills and its predecessor company now have paid uninterrupted dividends without reduction for 102 years.

This press release contains forward-looking statements based on management’s current expectations and assumptions. Such statements are subject to certain risks and uncertainties that could cause actual results to differ. General Mills undertakes no obligation to publicly revise any forward-looking statements to reflect future events or circumstances.