Dole Food Company, Inc. Announces Carbon Neutral Project in Collaboration with Costa Rica



    Dole Food Company, Inc. today announced that Standard Fruit de
    Costa Rica, Dole's operating subsidiary in Costa Rica, and Fondo
    Nacional de Financiamento Forestal (FONAFIFO), the National Forestry
    Financing Fund and an entity of the Ministry of Environment and Energy
    of Costa Rica, signed a ground breaking agreement to work together on
    a project aimed at establishing a carbon neutral product supply chain
    for bananas and pineapples, from their production in Costa Rica to the
    markets in North America and Europe.

    'Carbon neutral,' as applied to the banana and pineapple product
    supply chains, means that the carbon dioxide (CO2) emitted to produce,
    pack, transport and distribute the fruit will be offset by mitigation
    practices which increase the capture of CO2 in order to achieve a
    'neutral' balance. These practices entail new, more efficient
    transportation methods, changes to agricultural processes to reduce
    CO2 emissions, and partnering with local farmers to implement
    preservation and reforestation programs.

    David A. DeLorenzo, President and Chief Executive Officer of Dole
    Food Company, Inc., stated, "The environment is a concern for all of
    us. Companies, consumers, governments and non-governmental
    organizations should endeavor to promote and adopt new production and
    distribution methods and consumption behavior in order to reverse
    harmful trends to the environment. As the world's largest producer and
    distributor of fruits and vegetables, Dole is determined to take the
    lead in its sector and the agreement with FONAFIFO is a good starting
    point."

    Roberto Dobles, PhD., Minister of the Environment and Energy of
    Costa Rica, stated, "Dole is such an important company in the
    production of bananas and pineapples on a global level that we are
    very enthusiastic that Standard Fruit made the decision to strive to
    become a carbon neutral company here in Costa Rica and join our
    efforts to become the first carbon neutral country in the world by
    2021. With this agreement, Dole demonstrates its enormous capacity to
    innovate and develop processes that will be reflected in benefits to
    the environment. I hope that this initiative will be followed by
    others in the private sector, so that we may unite efforts in favor of
    the environment."

    Sylvain Cuperlier, Vice President, Director of Worldwide Corporate
    Social Responsibility of Dole Food Company, Inc., stated, "Dole has
    long been recognized for its environmental programs. Today, we want to
    utilize the Company's environmental management systems and our staff's
    expertise to produce and market 'carbon neutral' bananas and
    pineapples. To this end, we want to pull together all resources
    available within our Company and partner further with recognized
    organizations. Dole's achievements in this area will come from working
    relationships with our employees, independent producers, labor
    representatives, government, academia, NGOs, customers, and
    suppliers."

    Dole Food Company, Inc., with 2006 revenues of $6.2 billion, is
    the world's largest producer and marketer of high-quality fresh fruit,
    fresh vegetables and fresh-cut flowers. Dole markets a growing line of
    packaged and frozen foods and is a produce industry leader in
    nutrition education and research.

    This release contains "forward-looking statements," within the
    meaning of the Private Securities Litigation Reform Act of 1995 that
    involve a number of risks and uncertainties. Forward looking
    statements, which are based on management's current expectations, are
    generally identifiable by the use of terms such as "may," "will,"
    "expects," "believes," "intends" and similar expressions. The
    potential risks and uncertainties that could cause actual results to
    differ materially from those expressed or implied herein include
    weather-related phenomena; market responses to industry volume
    pressures; product and raw materials supplies and pricing; changes in
    interest and currency exchange rates; economic crises and security
    risks in developing countries; international conflict; and quotas,
    tariffs and other governmental actions. Further information on the
    factors that could affect Dole's financial results is included in its
    SEC filings, including its Annual Report on Form 10-K.