Tuesday, 26 August 2003

Gregg L. Engles to Enter Into 10b5-(1) Plan

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Tuesday, 26 August 2003

DALLAS, Aug. 26 /PRNewswire-FirstCall/ — Dean Foods Company (NYSE: DF)
today announced that Gregg L. Engles, Chairman and Chief Executive Officer,
intends to sell an amount of Dean Foods common stock during the next year
sufficient to retire the remaining obligations incurred by Mr. Engles as part
of his 2002 divorce settlement. Mr. Engles contemplates selling approximately
500,000 shares of common stock and exercising and selling approximately
450,000 options in order to fully satisfy his remaining obligations. The
contemplated sales will constitute approximately 15% of Mr. Engles’ current
holdings of common stock and options. Following the sales, Mr. Engles will
continue to hold over 5.5 million shares and stock options in Dean Foods.

Mr. Engles’ shares will be sold under a 10b5-(1) plan, and following each
transaction, a Form 4 will be filed with the Securities and Exchange
Commission.

Dean Foods Company is one of the nation’s leading food and beverage
companies. The company produces a full line of company-branded and private
label dairy and dairy-related products such as milk and milk-based beverages,
ice cream, coffee creamers, half and half, whipping cream, sour cream, cottage
cheese, yogurt, dips, dressings and soy milk. The company is also a leading
manufacturer of pickles and other specialty food products, juice, juice drinks
and water. The company operates over 120 plants in 36 U.S. states and Spain,
and employs approximately 28,000 people.

Contact: Cory Olson
Senior Vice President and Treasurer
(214) 303-3645

P.I. Aquino
Assistant Treasurer
(214) 303-3437

SOURCE Dean Foods Company
-0- 08/26/2003
/CONTACT: Cory Olson, Senior Vice President and Treasurer,
+1-214-303-3645, or P.I. Aquino, Assistant Treasurer, +1-214-303-3437, both of
Dean Foods Company/
/Web site: http://www.deanfoods.com /
(DF)

CO: Dean Foods Company
ST: Texas
IN: FOD REA
SU:

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