Chiquita Prices Notes

NEW YORK - Jun 24/05 - SNS -- Chiquita Brands International, Inc. announced today the pricing of an offering of $225 million aggregate principal amount of its Senior Notes, which are to bear interest at 8-7/8 percent per annum and mature on Dec. 1, 2015.

The transaction is expected to close on June 28, 2005. The company intends to use the net proceeds from the offering, together with borrowings under a new senior secured credit facility and available cash, to fund its previously announced acquisition of the Fresh Express business of Performance Food Group.

The notes were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.