Wednesday, 1 November 2006

Dean Foods Issues Update on Stock Options

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Wednesday, 1 November 2006

DALLAS, Nov. 1 /PRNewswire-FirstCall/ — Dean Foods (NYSE: DF) today
announced that the Company has been informed by the Securities and Exchange
Commission (the “SEC”) that it is conducting an informal inquiry into its
stock option practices. The Company intends to cooperate fully with the SEC’s
investigation.

As previously reported, in response to derivative litigation filed against
the Company, a special committee of the Board of Directors of the Company,
assisted by outside counsel, has undertaken a review of the Company’s
historical stock option grants and is evaluating the litigation.

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.

    Contact

    Barry Sievert
    Senior Director, Investor Relations
    (214) 303-3437

    Marguerite Copel
    Vice President, Corporate Communications
    (214) 303-1273

SOURCE Dean Foods Company

CONTACT: Barry Sievert, Senior Director, Investor Relations,
+1-214-303-3437, or Marguerite Copel, Vice President, Corporate
Communications, +1-214-303-1273, both of Dean Foods Company

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