Fresh Del Monte Produce Inc. Declares Fiscal 2005 Cash Dividend and Reduces Future Quarterly Dividend

The Company's board of directors today separately approved areduction in the Company's future quarterly cash dividend from twentycents ($0.20) per share to five cents ($0.05) per share expected tocommence with the Company's first quarter 2006 cash dividend.

Fresh Del Monte Produce Inc. is one of the world's leadingvertically integrated producers, marketers and distributors ofhigh-quality fresh and fresh-cut fruit and vegetables, as well as aleading producer and distributor of prepared fruit and vegetables,juices, beverages, snacks and desserts in Europe, Africa and theMiddle East. Fresh Del Monte markets its products worldwide under theDel Monte(R) brand, a symbol of product innovation, quality, freshnessand reliability.

This press release contains certain forward-looking statementsregarding the intents, beliefs or current expectations of the Companyor its officers with respect to various matters. These forward-lookingstatements are based on information currently available to the Companyand the Company assumes no obligation to update these statements. Itis important to note that these forward-looking statements are notguarantees of future performance and involve risks and uncertainties.The Company's actual results may differ materially from those in theforward-looking statements as a result of various important factors,including those described under the caption "Key Information - RiskFactors" in Fresh Del Monte Produce Inc.'s Form 20-F for the yearended December 30, 2005.

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