Company also announces stockholder approval of new equity incentive plan
and issuance of inducement grants

DALLAS, July 16 /PRNewswire-FirstCall/ — Dean Foods Company (NYSE: DF)
will host a live audio webcast of its first quarter earnings conference call
on Tuesday, August 7, 2007 at 9:00 a.m. ET. Management will discuss the
results for the second quarter and the outlook for the balance of 2007. An
earnings release will be issued before the market opens on the same date. The
webcast is expected to last approximately one hour and will be accessible by
visiting http://www.deanfoods.com and by clicking on “Webcasts.”

In order to listen to the webcast, users will need to have installed
either Real Player or Windows Media Player software, which can be detected and
downloaded by visiting the site. A webcast replay will be available for
approximately 45 days following the event within the Investor Relations –
Audio Archive section of the company’s site.

The Company also announced that in conjunction with its recently-held
Annual Meeting of Stockholders, a new equity incentive plan providing for an
additional six million shares available for equity grants has been approved by
the stockholders of the Company. Under the new plan, the Compensation
Committee of the Company’s Board of Directors may award various types of
equity-based compensation including stock options, stock appreciation rights,
restricted stock, restricted stock units, performance shares and performance
units. Approximately, 3.2 million shares remain available for grant under the
Company’s existing equity incentive plans.

Previously, the Company has granted stock options to purchase an aggregate
of 18,750 shares of common stock and 22,000 restricted stock units to nine
newly hired, non-executive officer employees. The awards were approved by the
Compensation Committee of the Company’s Board of Directors, without
shareholder approval, as “inducement grants,” as such term is defined by the
New York Stock Exchange. The stock options have an exercise price equal to
the fair market value of Dean Foods stock at the close of the trading day on
the day of grant. The stock options vest in three equal annual installments,
beginning on the first anniversary of the date of grant, and expire on the
tenth anniversary of the date of grant. The restricted stock units vest
ratably over a five year term, beginning on the first anniversary of the date
of grant.

ABOUT DEAN FOODS

Dean Foods Company is one of the leading food and beverage companies in
the United States. Its Dairy Group division is the largest processor and
distributor of milk and other dairy products in the country, with products
sold under more than 50 familiar local and regional brands and a wide array of
private labels. The Company’s WhiteWave Foods subsidiary markets and sells a
variety of well-known dairy and dairy-related products, such as Silk(R)
soymilk, Horizon Organic(R) milk and other dairy products and International
Delight(R) coffee creamers. WhiteWave Foods’ Rachel’s Organic(R) brand is the
largest organic milk brand and third largest organic yogurt brand in the
United Kingdom.

Contacts: Investors:
Barry Sievert
Investor Relations
(214) 303-3437

Media:
Marguerite Copel
Corporate Communications
(214) 721-1273

SOURCE Dean Foods Company