On January 31, 2001, the Board of Directors of Pilgrim’s Pride Corporation (NYSE: CHX, CHX.A) declared a quarterly dividend of 1 1/2 cents per share on both its Class A and Class B common stock. The quarterly dividend is payable on March 30, 2001 to shareholders of record at the close of business on March 9, 2001.

Pilgrim’s Pride Corporation is the third largest chicken and fourth largest turkey company in the United States and the second largest chicken company in Mexico, employs more than 22,500 persons and operates processing plants, distribution centers, hatcheries and feed mills in Texas, Arkansas, Virginia, West Virginia, North Carolina, Pennsylvania, Arizona, Oklahoma and Mexico.

Products are sold under the “Pilgrim’s Pride®” and “Wampler Foods®” labels to foodservice, retail and frozen entree customers. Pilgrim’s Pride’s primary distribution is through retailers and restaurants in Central, Southwestern, Mid-Atlantic and Western Regions of the United States and the Northern and Central regions of Mexico and to the foodservice industry nation- wide in both countries.

Website: www.pilgrimspride.com