The board of directors of Interstate Bakeries Corporation (NYSE: IBC) declared a quarterly dividend of $0.07 per share on the Company’s common stock, payable February 1, 2001, to stockholders of record at the close of business on January 15, 2001.

Interstate Bakeries Corporation is the nation’s largest wholesale baking company with 65 bread and cake bakeries located in strategic markets from coast to coast. The Company is headquartered in Kansas City, Missouri.

For information on the Company, please contact: Frank W. Coffey Senior Vice President and Chief Financial Officer Interstate Bakeries Corporation 12 East Armour Boulevard Kansas City, MO 64111 (816) 502-4000