Chiquita Redeems 10.56% Notes

NEW YORK - Dec 1/04 - SNS -- Chiquita Brands International, Inc. set the redemption price for its 10.56% Senior Notes due 2009.

All of the approximately $40 million of these notes which are still outstanding have been called for redemption on Dec. 3, 2004. The redemption price will be $1,075.36 per $1,000 principal amount of the notes, plus accrued and unpaid interest to the redemption date in the amount of $22.88. This redemption price was calculated in accordance with the provisions in the indenture relating to the notes.

Beneficial owners of notes in book-entry form do not need to take action in connection with the redemption. The redemption price will be automatically deposited into their accounts. Questions concerning the redemption of the notes can be directed to the trustee, Wells Fargo Bank, National Association, at (800) 344-5128 or the paying agent, Securities Transfer Co. at (513) 579-2414 or (800) 368-3417.