-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GAR7CDHH4kQTYtWvz+uhyWaZfhI55BfpEgZj+mPTv5n4PSdeDvBKIoXBHiUH8VwK
 Tnwi3rU4+A4WbCYTgVjm6g==

<SEC-DOCUMENT>0001193125-08-183980.txt : 20080826
<SEC-HEADER>0001193125-08-183980.hdr.sgml : 20080826
<ACCEPTANCE-DATETIME>20080826083847
ACCESSION NUMBER:		0001193125-08-183980
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20080826
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080826
DATE AS OF CHANGE:		20080826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMITHFIELD FOODS INC
		CENTRAL INDEX KEY:			0000091388
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		IRS NUMBER:				520845861
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15321
		FILM NUMBER:		081037916

	BUSINESS ADDRESS:	
		STREET 1:		200 COMMERCE STREET
		STREET 2:		EXECUTIVE OFFICE BUILDING
		CITY:			SMITHFIELD
		STATE:			VA
		ZIP:			23430
		BUSINESS PHONE:		7573653000

	MAIL ADDRESS:	
		STREET 1:		200 COMMERCE STREET
		STREET 2:		EXECUTIVE OFFICE BUILDING
		CITY:			SMITHFIELD
		STATE:			VA
		ZIP:			23430

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIBERTY EQUITIES CORP
		DATE OF NAME CHANGE:	19710221

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIBERTY REAL ESTATE TRUST
		DATE OF NAME CHANGE:	19661113
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P
STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:3px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>Washington, DC 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P
STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>CURRENT REPORT
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Date of Report (Date of earliest event reported: August&nbsp;26, 2008 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>SMITHFIELD FOODS, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Exact name of registrant as specified in its charter)
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Virginia</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>1-15321</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>52-0845861</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(State or other jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>of incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Commission File Number)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(IRS Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>200 Commerce Street</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Smithfield, Virginia</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>23430</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Registrant&#146;s telephone number, including area code: (757)&nbsp;365-3000 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:3px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P
STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Section&nbsp;2 &#150; Financial Information </B></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;2.02</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Results of Operations and Financial Condition. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On August&nbsp;26,
2008, the Registrant issued a press release announcing its results for the first quarter of fiscal 2009, which ended July&nbsp;27, 2008. The information contained in the press release, which is attached as Exhibit 99.1 to this report, is
incorporated herein by reference. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Section&nbsp;9 &#150; Financial Statements and Exhibits </B></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;9.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Statements and Exhibits </B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="86%"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Exhibit&nbsp;99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Press release, dated as of August&nbsp;26, 2008, announcing the Registrant&#146;s results for the first quarter of fiscal 2009, which ended July&nbsp;27, 2008.</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">SMITHFIELD FOODS, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Date: August&nbsp;26, 2008</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Robert W. Manly IV</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Robert W. Manly IV</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Executive Vice President and Chief Financial Officer</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">EXHIBIT INDEX </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Exhibit&nbsp;99.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Press release, dated as of August&nbsp;26, 2008, announcing the Registrant&#146;s results for the first quarter of fiscal 2009, which ended July&nbsp;27, 2008.</FONT></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML><HEAD>
<TITLE>Press Release</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 99.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px">

<IMG SRC="g77560ex99_1pg1.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>FOR IMMEDIATE RELEASE </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Smithfield Foods Announces First Quarter Results </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Smithfield, Virginia (August 26, 2008)&#151;Smithfield Foods, Inc.
(NYSE: SFD) today announced a loss from continuing operations for the first quarter of fiscal 2009 of $28.5 million, or $.21 per diluted share, versus income from continuing operations last year of $56.6 million, or $.43 per diluted share. Sales
were $3.1 billion versus $2.6 billion a year ago. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The current quarter loss from continuing operations includes a negative mark-to-market adjustment of
approximately $20.1 million after-tax, or $.15 per diluted share, related to unrealized losses on changes in the fair value of the company&#146;s open commodity derivative contracts. In addition, the current quarter loss from continuing operations
also includes impairment charges and operating losses totaling $5.5 million after-tax, or $.04 per diluted share, related to asset disposals by Campofr&iacute;o. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Net income from continuing and discontinued operations in the first quarter was a loss of $12.6 million, or $.09 per diluted share. After-tax income from discontinued operations was $15.9 million, or $.12 per diluted share. In the first
quarter of last year, net income of $54.6 million, or $.41 per diluted share, includes an after-tax loss from discontinued operations of $2.0 million, or $.02 per share. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Following are the company&#146;s sales and operating profit from continuing operations by segment (in millions): </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>13 Weeks Ended</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>July 27,<BR>2008</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>July 29,<BR>2007</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Sales</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pork</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,579.2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,228.2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">International</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">405.3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">246.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Hog Production</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">725.8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">605.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44.2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,754.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,118.1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intersegment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(612.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(501.4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,141.8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,616.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Operating Profit</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pork</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">International</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Hog Production</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(38.8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(6.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Corporate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(19.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(17.1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Operating Profit</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">128.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Pork segment operating profits more than doubled from the prior year results, even as live hog costs rose. These results
reflect sharply higher fresh meat profits driven by strong export demand. Generally, the first quarter is the weakest quarter of the year for fresh pork; this was not the case in the current quarter. Overall export volume increased 124 percent over
the prior year, the result of large increases in shipments to China, Russia, Japan, Mexico and the EU. Exports benefited from the impact of a weak U.S. dollar which helps make U.S. products look very inexpensive in the world markets. In addition,
pork prices have risen even more significantly in many other countries, making U.S. products very competitive. Fresh pork volume rose 33 percent as the company took advantage of the export opportunities and processed more hogs. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Packaged meats profits were somewhat weaker as higher raw material costs could not be fully passed through in higher prices. Overall, packaged meats volume was flat.
However, several categories of convenience-oriented products continued to grow. Spiral hams and precooked ribs experienced continued double-digit volume growth as the business continues to migrate toward the higher margin and more consumer-ready
products. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The international segment recorded operating profit below last year, as raw material costs moved to higher levels. Groupe Smithfield continued
to experience highly competitive market conditions throughout Europe and recorded a modest loss. Smithfield&#146;s share of Campofr&iacute;o&#146;s loss during the quarter was $3.4 million, including $5.5 million related to asset disposals.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;We are pleased by the pending merger of Campofr&iacute;o and Groupe Smithfield. The merger clearly creates a European packaged meats powerhouse with
the number one share in many major markets,&#148; said C. Larry Pope, Smithfield president and chief executive officer. &#147;This merger also monetizes our investment in the Groupe Smithfield joint venture into a 37 percent share in a
publicly-traded company with $3 billion in sales,&#148; he said. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Hog production operating losses continued. Sharply higher feed costs, the result of a 39
percent increase in corn and a 33 percent increase in soybean meal over the same period last year, have been pressuring hog production results for the past nine months. Cash raising costs were $61 per hundredweight compared to $49 per hundredweight
in the first quarter of last year. Live hog prices for the quarter increased modestly to $55.50 per hundredweight from $53.50 per hundredweight in the first quarter of fiscal 2008. However, this increase was not sufficient to recover the sharply
higher costs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Hog production results include a pre-tax unfavorable mark-to-market adjustment of $30.2 million, principally related to open grain and live
hog commodity positions that relate to future periods. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Grain prices have moderated and live hog prices have risen significantly from the first quarter
level. However, both of these markets are highly volatile and the outlook for hog production for the remainder of the calendar year is still unfavorable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In the Other segment, Butterball, LLC, the company&#146;s joint venture turkey operation, recorded a loss as higher grain
costs increased raising costs dramatically. Butterball is evaluating cutbacks in production that will bring better balance between supply and demand. Others in the industry are considering or have implemented cutbacks, as well. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As previously disclosed, the company has signed a definitive agreement to sell Smithfield Beef Group, Inc., its beef processing and cattle feeding operation, to JBS S.A.
Consequently, the company has classified the results of the beef segment and cattle feeding operations as discontinued operations. Results for the prior year have been restated to reflect that presentation. Although the sale remains subject to
regulatory review and there are other conditions to closing, the company believes the transaction will close in the second quarter of fiscal 2009. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;Given the overall adverse environment of the industry, I am pleased with the results for the current quarter,&#148; said Mr.&nbsp;Pope. &#147;Our fresh pork operations and our packaged meats business performed well in the face of
sharply rising input costs. We are continuing to focus closely on our cost structure and improving plant operating efficiencies. Also, our new management structure is in place and moving forward nicely,&#148; he said. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;We continue to be challenged by high input costs across all the businesses. Certainly a portion of this increase is the result of the current ethanol policy in
place,&#148; Mr.&nbsp;Pope said. &#147;The current government mandate puts the company in a position of having to compete with foreign oil for feed for our livestock. This mandate has resulted in more than 30 percent of the corn crop being diverted
from animal feed to ethanol production, resulting in a sharp run-up in corn prices tied to world oil markets. This is a dynamic this industry has never faced. We believe this policy is flawed and needs to be revised if food cost inflation is to be
brought under control,&#148; said Mr.&nbsp;Pope. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;Looking forward to the remainder of fiscal 2009, the future is uncertain. Even as hog prices
recently have risen and grain markets have moderated somewhat, the delayed impact of grain costs will result in continued elevated raising costs,&#148; he said. The volatile nature of both the domestic and world markets for meat prices and grains,
combined with uncertainty surrounding the economy and the U.S. dollar, make any prediction of future results very difficult. However, we continue to pursue our long-term strategy of emphasizing our packaged meats business and improving our fresh
meat operations. This strategy is working and is improving the base of our business,&#148; said Mr.&nbsp;Pope. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">With sales of $11 billion, Smithfield Foods
is the leading processor and marketer of fresh pork and packaged meats in the United States, as well as the largest producer of hogs. For more information, <U>visit www.smithfieldfoods.com</U>. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">This news release contains &#147;forward-looking&#148; statements within the meaning of the federal securities laws. The forward-looking statements includes statements
concerning the Company&#146;s outlook for the future, as well as other statements of beliefs, future plans and strategies or anticipated events, and similar expressions concerning matters that are not historical facts. The Company&#146;s
forward-looking information and statements are subject to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the statements. These risks and
uncertainties include the availability and prices of live hogs and cattle, raw materials, fuel and supplies, food safety, livestock disease, live hog production costs, product pricing, the competitive environment and related market conditions, the
timing and extent to which beef export markets are reopened, hedging risk, operating efficiencies, changes in interest rate and foreign currency exchange rates, access to capital, the investment performance of the Company&#146;s pension plan assets
and the availability of legislative funding relief, the cost of compliance with environmental and health standards, adverse results from on-going litigation, actions of domestic and foreign governments, labor relations issues, credit exposure to
large customers, the ability to make effective acquisitions and successfully integrate newly acquired businesses into existing operations and other risks and uncertainties described in the Company&#146;s Annual Report on Form 10-K for fiscal 2008
and in its subsequent Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on forward-looking statements because actual results may differ materially from those expressed in, or implied by, the statements. Any
forward-looking statement that the Company makes speaks only as of the date of such statement, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">### </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">(Tables follow) </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SMITHFIELD FOODS, INC. AND SUBSIDIARIES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CONSOLIDATED STATEMENTS OF INCOME </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><I>(In millions, except per share data) </I>
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>13 Weeks Ended</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>July 27,<BR>2008</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>July 29,<BR>2007</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,141.8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,616.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cost of sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,944.9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,335.9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gross profit</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">196.9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">280.8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Selling, general and administrative expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">190.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">165.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity in (income) loss of affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(13.8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Minority interests</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating profit</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">128.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41.4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income (loss) from continuing operations before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(42.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income tax expense (benefit)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(13.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income (loss) from continuing operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(28.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income (loss) from discontinued operations, net of tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(12.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">54.6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income per share:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Basic:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Continuing operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(.21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">.43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(.02</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(.09</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">.41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Diluted:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Continuing operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(.21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">.43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(.02</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(.09</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">.41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Weighted average shares outstanding:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">135.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">132.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">135.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133.0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SMITHFIELD FOODS, INC. AND SUBSIDIARIES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE OF EQUITY IN (INCOME) LOSS OF AFFILIATES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The following is a breakdown of the major
investments included in equity in (income) loss of affiliates as presented in the consolidated statements of income (in millions): </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>13&nbsp;Weeks&nbsp;Ended</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>July&nbsp;27,<BR>2008</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>July&nbsp;29,<BR>2007</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Segment</B></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Butterball</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(7.4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Campofr&iacute;o</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(0.2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">International</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Groupe Smithfield</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(4.5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">International</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">All other equity method investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(8.1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1.7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Various</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity in (income) loss of affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(13.8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Contact: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Jerry
Hostetter </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Smithfield Foods, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">(212) 758-2100 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><U>jerryhostetter@smithfieldfoods.com </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g77560ex99_1pg1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g77560ex99_1pg1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`3P*[`P$1``(1`0,1`?_$`(H``0`"`04!`0$`````
M```````*"P@#!`4&"0<"`0$!`0````````````````````$0```%!``#!P$%
M`PH$!`<```$"`P0%``8'"!$2"2$3UAA8F`H4,4$B%191>#EA<8$R(]255K:W
MH4(7&3,E=Y=S)+2U)J8X$0$`````````````````````_]H`#`,!``(1`Q$`
M/P"?Q0:#ITU8MUGCUR@S:-DS+.'3I9-NW02('$ZJRZIB)))D#M$QA``H,+;Z
MZE/3TQG*J05_;OZI6I-(J&17B9C/>,F\BV6(;D.BZ9_J0SAJJ0P<#%4*40^\
M*#[/B#9W6_8)`[C!6?,-9C323[Y<,8Y+LV^%6R7#CSNF]MS$BX:EX=O]H4O9
M0?8'DS#QRA49"5C6*QR=X5)X^:ME#)B(E`Y2+JD,).8!#CPX<0H-!*X[>753
M10GH9994Y4TDDI1BHJJH<>!2)ID7$QSF'L```1&@YF@4"@4"@4"@4"@\5NI?
MU[M`>EQ<K'&N;;JNN_<UOHYK-*8:P_#,;FO""A7P$4CY.[G4G+0=N6JE*(&%
M1JB[>%=N$@[PB(I&*<0YKII==30;JE2LE8^!+TN*T<R0\6O./,*Y:AVEJWV]
MA&@E!],6Q]')S$#=K"-!0@N@8/%EVQ3<ZJ14_P`=!['T"@4&U=OF4>EW[]XU
M9(<Y2=\[<)-DN<W'E)WBQR$YS<!X!QXC0<9^J+9_S%!?XO'_`-XH-9O<$"[6
M(W:3<0Y<*B()H-Y)FLLH(`)A`B2:QCG$``1[`^R@Y>@4"@4"@Q&W@W=U_P"G
MQKO>FRVQUUEMRQ;31*W81S0$G-SWM=+Q-7\DLFS(E19$TO<LXLD)4DP,5-),
MIUECIHI**%"L&ZB?R?NH[NE=UQQ>(LC3.HF`EG+UG;N.</R7Y9>3Z#,<4VR]
M]Y0001NB5F73<H&72CU8^/(8PE(B8`YQ#P^A]MMI+>NA.]H/8K-D3>"3KZXE
MT1^3;Q:SQ7G.!Q<_FB4N5X*QCAQ$PGXC]]!+8Z)7RHL_XZRU96N?4COU?,&#
M;YEHZUX38"XT&I,CXAEY%P5E%O[SEV2#8+TL`[E9--\N[(>2CD__`)@%UDR'
M2$+)5NX;O&Z#MHNBZ:ND4G#9RW4(LW<-UR%417063,9-5%5,P&*8HB4Q1`0'
MA0:U`H%`H%!PJMR6\BHHBM/0J2R1S)JI*RC%-1,Y1X&(H0ZX&(<H_:`AQ"@_
M'ZHMG_,4%_B\?_>*#E&CQF_1!PQ=-GC<3&*"[1=)PB)BCP,4%43'()BC]H<>
MR@W-`H-D]DHZ-*F>1?LF!53"5(SUT@U*H8H<3%3%=1,#F*`\1`/LH./_`%1;
M/^8H+_%X_P#O%!J(W%;[A5-!O.PRZZQP3211DV2JJIS=A2)ID7,<YS#]@``B
M-!S-`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H
M%`H%`H,5=V-Q,.Z%:RY3VGSI*J1]A8P@Q?G8,C(#.77<#U4C"VK,MILX423=
MW#=$RNDU;D$0(03BJH)4DSF*%21U.>N;O-U-KYGSWWDF?QA@4[]V2S==,<3L
MC!V)$09E%B,T[N4CU&3O(L^=JH'U+R4[U,RG'N$&Z8%3*'C24ICF`I2B8QA`
MI2E`1,81'@```<1$1&@[OC[(V1</WC#W[C"];MQO?=MNTGL)==FSLI;%R1#M
M%0BJ:K.5B7+-\W'G(43%`_*<`X&`0[*#,?=SJ5[1]0*?P_>^Q-W!-9'Q-B2-
MP^K?<']3;\I?L+#3TW-QEP7DQC5T8EQ=H%FS(.GC=%`'@)$44)WG,8P=AZ4]
MT7,[ZF6@C=U<<^X;J[>Z_$516F9%1)4@Y-MP#$4(9R)3D,'8)1`0,`\![!H+
MMB@4"@4"@4"@4"@HY^I?<.4KIZA6ZLUFE665R:OLWF5K<Y9L%BO6IXN^IJ+B
MHY,BX`=.-C(-DV;LBA^`K-)("?@Y:#M72<GLK6WU+-'9/"9Y,N1O,KBEA$I1
M(K?4NHR4NIA&W4R6(AQ,K&N[3=/2.R&`2&;"ISAR\:"[=EY>*M^)DYZ=D64/
M"0L>\EIB6DG*+*.BXN.;J/'\@_>.#IMVC)DU1.HJH<Q2$(43"(`%!&&ZP'R4
M=)]5==\CV5JEG2S=A=K[UMB9M7'K+$<TC==KXTE9I@HP+?UYWK$&6MYFI;!'
M0NFD<@Y6?.G::93)IHB=4H>-'Q']Z-R=I-X]@+0V,V<S5FNU(+69_<,/;F2+
M^G;JAHZ=#)-C,23#1C*NG"*$BFR=K)%5*`&!-4X?8-!ZX?,1?/H[I.P;F/>O
M&#@NTV)2@NR=+M%N4;?R!Q**C=1,YB#]O`1X<0`?M`*"K;_6-W?YIN/_`!N3
M_O5![1_'>N2XW_6?T*:OK@G'C93*5P=XW<RT@N@J`8SODP`HBHX,FH4#``\#
M`(<0H+C*@4"@4&FLLDW2577431003.LLLJ<J:22291.HHHH80*1-,A1$1$0`
M`"@J&?D6=6&X.I5NM<MM67/NQU7UPFIS'N%()NX5+%7-*1[H\=>.6GK8.1)S
M)7?)-#)L5#`84(=%N0H@*BPG#%SHX=)[*75MVF;89M:4<6-BBR6#6\,[Y9!B
M#XED68=X#5M'P[542MI"]KL<D.VBFRA@2YB*KJ_V+=0!":EU>NC'TDNG#T@-
M@LAV3IVC>N1K)M>VK;L_*DQ>UW*Y10OV];GA+/A[[F[J)("R!E#2<N#YRP18
MI1[@J?TQ44R*!RA6A4%V+T9KROG('2JT(NW)"CU:\936G'!)-Q)=[]<[;1D4
M$3"/7)EN*JBCR!8M5><PB)P/S"(\>-!Z9T"@4"@4%(GU/;IN9KU&=YF[:Y)]
M!!+:O.9$D49F1(DF0F1)XI2$(5R!2$(`<``.P`#@'8%!@M^L;N_S3<?^-R?]
MZH+6[XD;Y[(]&W';J0>.W[DV<L[E,X>N5G2XE)=B12%%5<ZA^4H?8''@%!)G
MH%!!S^;G*2<7@/0I2,DG\<HIF#,I5#L'KEF90H679X@"@MU4^<"B/9QX\.(\
M/M&@KMOUC=W^:;C_`,;D_P"]4'I?T:+GN5YU6^GRV=W%/.6ZNUN("JH+S$BJ
MDH4;J9<2*)G<B4Y#!V"`@("'8/9074U`H%`H%`H%`H%`H%`H%`H%`H%`H%`H
M%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H(+WS>,MW5"X/T;PC'.W;6T;_P`D
MY9R%<[=!91-M*2>-[>M"%MEN\3(($<)LRY"?+%*?B4%.4P!Q*`@%=106%'Q2
M\[='NT=7E[!R>^UYL#>QU?=TKWQ.9]0M*+N6]+95>@K9)<;WE?29(O\`3\?#
MB1!6+8N4G)7X*J*)'[U,XA+6V"Z>O3RWFQX_M;,&NV!LJ6[-,5TV5U0-NVRS
MNF),Y1%-.5M3(=H)L[CA7Z`G`Z:S5X4!$``P&*(E$(%6X7PX=X+;S]>S32RX
M\9Y)UR>N$I7'\ME/(;6SL@0C-_SJ+VE<[(L*NTE'MOK`*1)%OW:;U`4U!324
M%1,H<EHE\63JLZ];J:HYUR#`X%3L3$&P>)LCWBK$9C:R4HE;-GWK#SLTI'1Q
M8)(SYZ6/9*=TD!BBH?@7B''C06-.0,Z82Q,]CHW*F8L5XSD9=JJ^B8_(&0K2
MLU[*,FZH-UWD<UN.7C5WK5%<P$.HF4Q"G'@(@/90=`\YFG_JMUL_]\\7^*:#
MZO8>4\8Y3B7L_C'(]AY&@HUZI'2,U8=WV_=\2PD$FZ+M5@]D;?D9!FU>IM7"
M:ADCG*<$SE,(<!`1#`W-O61Z6VNMRN[-R]O/KY;-UQZAD)&WF%YI7C+1KA,W
M*JUDV5D(7(M'.T3=BB2X)J)CV&*`T'U#6'J3Z%[GR3J#U?VMPUF*XV:)W+BT
M[:NMLA>)6J1.\6=DL^:)%7,LT0)VJ*D:&33`0YA#B%!E7?\`D?'V*+5D[YRC
M?-H8YLN%2[Z7NV^;CA[4MN-2X"(&?34Z\8QS;FX?A`Z@"8>P.(T'EU)=>_HY
MQ4^>VGG4%P`$HFX,U4,UF9N0B2+D.*9BFN&/@G5O@0#A_7^JY/OX\*#TRQ3F
M#%.=;*BLD87R/9&5;!FR":*O'']S0]V6Z],4I#*HI2L([>-`=M^\`%43&!5$
MP\IRE-V4'/WA>UF8\M][=E_W=;%C6K&BW+(W->$]%6S;\>9VX2:-0>S,T[91
MS47+M8B2?>*%YU#E*'$1`*"+%U5.CIT;NIUE!QL`?=3#VN.?I=LT:WI?6-\R
M87EX+(_Y<U*RCY"];,F;G1:N+A:LDDT!D63EFX722("_?"0!H.[=)#H^]('I
MK9/C\H6+MCBS9K:"2!6V[*OB]<N8A4=6P>>3".7C\88_MJ?<),K@FDEC-A=G
M4?2!TE3)(G3*H<IP]K^H)E_$6/M4]D;:R#E+&]C7!=>M^;D[9@;SOBU[8E[D
M,?'EQ,2IP<9.2C%Y+F.\6(B`($4XJG*3^L(!04<U!+S^'#D[&F*]\=CYS*&1
M;#QM"O-67L>SEK_O"WK-C7C\V3["7!BS>W'(QK9V]%!(ZG=)F,IW9#&X<I1$
M`L<,UZ_:L;TXEA;2S98&,MDL+R<I%7Q;["9%C>%DR<G'HO$(>Y(IY'.U8]^*
M"#]<J2R2IR"50P`(\:"E,WPL^UL>[K[9V)8\#'6O9MG;$Y@MFUK;B$1;Q4#;
M\)?DY'1,1'("8XHLH]BW(DD7B/*0H!09^_'3`1ZT^A'`!'AE&XS#P^XI,87V
M8QA_8!2@(C^P`H+6_/?4HT!U>=+1V?=PM?,93+<YDW-NSV3+:4NAL<O`!*YM
M:,>O[A;CQ'@'.V+Q'L"@QBMOKX='2[)AO`P_4$P&$B[7(V;A,2T[;3%190P$
M(7\VN2!B8DA1,/\`6,N!0#M$>%!ZKVE=]IW];D1>-BW/;UYVE/LTY""NBU)J
M.N&WII@KQ[M[%340Y=QT@U4$!X*)*'(/#[:#YS=NR&N]@3SRU;[SUA>RKHCB
MMS2%MW;E*Q[;GF!7:";IJ9Y#S$ZSD&I7+94JB8G3+SIF`P<0$!H/$3KX=5S#
M6L?3+SW)X+SQBZ\,UY;C$\&XX9X\R19]TW!"O<BHNHZX[N*Q@)A^];(VU9R<
M@LFXY2E2>"AV\1`!"HJ$>/:/:(]HB/WT%I'\4"P==-8>G%:4O.9=PO&Y^VZR
M#)Y#F;5<9+LA._5(AL[5LW&-IJ6XI-!/$>_EL<L\19=SW@J29A`G,<>(2!]N
MI'2#+^,\HZH;:92P<UM/)EHJV[?F.K\RO9EFW",+-HD=1TBBTE)^.FHA^W53
M2>QSPA"'272363$1*`T$.RQ/B[]'RV\\L[VNWJF6??>"8R<3F4<+.\GX,A9^
M7:(N_J4[8N+)D;>G>+PITP!%=5G%,WBR0#RJI'-S@$X/"UY8*N.SH^WM?KSQ
M?=5BX\CH6S6$=BFZ[9NBW[1C8J+0:05N_P#XQ(R+6*3:1#9,J"!Q(;N2!P#A
MVT'UZ@^)YKV4U[UN@?U/L!F[%>&($Q#J(2.3+[MNS4WH)\`.2-3G9%DO)K%X
M_P#AMR*G_DH/.)W\@/HT,I`T:MU!<%F<E.*8G:N;K?,>8!X#_P":,K9<1@EX
M_P#,"W#^6@S3U[WUTLVO,".N&TF#<R2`IBK^1V/D6VY6Y2HE`1,LI:X/D[B3
M1*`=IS-0*'[:#+:@@E_+KT/TYP-IG:.Q&'==,8X[SCE';V(+D'*-M0?T-W76
M2YK)R;<-PIR\@"YP<DF)QDBZ7#E#F63*;L[>(5W=!;#_`!%_X,V.?_7//7^K
M4J"3<HHFDF=54Y$TDR&4444,!$TTR`)CG.<P@4A"%#B(CV`%!YFYEZS72OU_
MN1Y9^5M[->K?NB.5,A(P49>B5YR,<X(/*JVD&]CM[D,R=(G_``J)*\BB9@X&
M`![*#JJEQ]'SK.0ENPSFX-6MXV6-7LI.V]:KV8C+CGK/=RS5LSEI9*SW;F.N
M:-3>-F:2:JRC0$Q[L`X\0H*H3J^8PQ[A?J;[LXIQ/9\)8&-[#SU=UNV;9=MM
M1905MP;([8&D7%M1.H*#1`##REYAX<:#F.B__%AZ>O[UV'_]5,J"["H%`H%`
MH%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%!%I^
M6)T]LA;H:!VYE?#ENR%W9,U!N^8R8O:L,S._G+@Q7<,(G%Y*2AF2!3NGTA!$
MC(^6%!(IU%&S!<"%,?E`0JGA`0$0$!`0'@(#V"`A]H"'W"%!_*#ZOC[/&<,2
MN4GF*\R94QJZ1.51)Q8.0;ML]5,Y#<Y3%/;\O'F#@;MH/7W6#Y(?5[U?DHP\
M;M1<.9;68"W36L;8)BTRG"/62*@&49C,2H(7M'@N4.`JM)5!4/M`W:/$)]O1
M1^1)@?JN+'PO>MKM\!;=P\*XF5\:J2XREG9*BHU(%9:=Q5./"H/W"L8C_;/(
M=X47S5`!5(HY1(HJ0(V_S>.'FKTB^SF\OE_\?LX\/^HY>7C]_#CQX?TT$(:@
MSKQUU&MJ<.Z:W=HUB#(4CB_#62<KR^6<HN;)<O8*\\AOY*U;6M%O:<_<S)TD
M^)8[%A:Y%31S<4DWBRQOJ153*0@!@J(B(B(B(B(\1$>T1$?M$1^\1H.W6!D"
M^,57I;.1\:W9<%BW[9DPRN"U+OM64=PMP6_-1ZI5F<C%R;%5%TT<HJ%^TI@`
MQ1$H\2B("&96]'4VW5ZCMU0ET;7YGG;[0M>)BXJW+.CREMS'L#^7,$&"TQ'V
M5$BA!)7#-*)F7?/S)'=.%UC?C*GR)D#`:@DC?%]WZRGJCU,L,80971*JX+VU
MNAOB+(U@KOUC6Z:Z9UDZ;X\OEE'*&,U:7+"W05LV,Y3`BBL<Z62.)@Y`*$Y[
MY2_=_P#9*VP[SD`/S;!W+S\`#O!SAC_N^7C_`,XFX</OXT%0W09X=+HH&ZCV
MC`&`!#S4X/[!#B'9D&"$.S^00H)3OS?.3S(Z*_U>?_HAE']G-R?KR'_IY>-!
M!RH%!=,]"[D_[0/3S[OEY/+/8?+R<.7_`,%SQX<O9]O_`!H*CKJ0_P`0/=C]
MZ;.O^Y%Q4&(]N7/<EG3+2XK1N&<M:X(_ZCZ"=MR6?P<RQ^J;+,G7T<I&.&KY
MM]2S<*)*<AR\Z2ABCQ*80$-23@KJ19-[EF8:X$HZ:5%5K/R<=)$92RRP&6%1
MO*NT00?JJ@`GXE4.)NT:#K]!-Z^%]N3E2*V;S5I#,7/,3.'+RQ-,9BM*U9!Z
MN[B[+ONS9Z`CYF1MU!8RA8I*Z86X1*^21Y$EUFJ*A@YRB)@\E_E*<O\`WL=K
M>7EX_E>%>?APX\W_`$8L;^MP_P";EX?T4$>V@4'HITBN4>J)T_\`GY>7S:X-
M_K<.'']?0O+]O9QYN'#^6@]1/EJ\O_>FS1R\./\`TEU_Y^'#CS?],H?^MP^_
MEX?T4$:>@L@/A#@'E3W='AVCL)8("/W\`QP;@''^3C09U_(PZ]*_3`LV$UWU
MO&$FMR,LVXK/(RLJBA*Q&#K`=*N(]I>LG#J<[>5NR>>-EDX9DX`6Y2MU'*Y3
MD*FDL%7AFW/F:MDL@365,^92OC+N0[@<JNI6[+]N*1N&66.LH944$%7ZRJ<>
MP3,802;-RI-T2_A3(4H`%!F/C+H^=4',N+FV:,9:,[$W;C.0C!F8FZ&%@R""
M<[$`0RI9.W(N0%G-W&Q53*)DU6+9P14O:03!08%,WU]XJO,'4>\NW'&0[)FE
M4RN63B8M"\K2N*)<G16(59`\?-P4S&NTC$,`"DNBH40'@(4%DS\7KKM9'W:+
M,Z+[@72:[=@+"M-:Z\/Y7DQ3)/97L2#%!O<%N7>J0"$D[YM!%9)RF^Y06DH\
M5#+\RS<ZJP=Q^:/_``S<)_O?67_MAE:@K!Z"V'^(O_!FQS_ZYYZ_U:E01X?E
M)]<G+5^9ZOSIR:NW_,6'A7$3G]+["7/9\HXBYO+61RII+3=B+3<>HB[0L&RC
M*`S=LT5"ED9,BX..=%%-,0A+4'=\<9+R%A^]K>R1BJ]KHQU?]IR*$M;5XV;-
MR%NW%"R#8X*).8^5C%VSM`W$O`P`;E.41*8!*(@(=@SGFW)6R&6[[SGF*X37
M9E#)DXI<M[W,=DRCUIZ?7;MV[N5<-(UNU8I.GOTX'5%-,A3J"8W`!&@S?Z+_
M`/%AZ>O[UV'_`/53*@NPJ!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*
M!0*!0*!0*!0*!0*!0*!0*!0?P0`P"4P`8I@$#%$`$!`0X"`@/8("%!&;ZBGQ
M8NGEO)=%Q96QXG<&I&:+E=.I2=G\1,8MUCNYIIVHLX<RMP8LD0;P[:0?.E>=
MPM$.(L5C"8ZA5%#"80C%9Q^%MU`[,6=.,&9ZURS=%D,J+5K./+MQ/<ZZ0"84
MBFCY*&NBW2+&#@`\98"\?OX4'DGGKX['6(UY92,M=>F-\WC!12"SIY-8?E;8
MRVV(U0*)CN"L+&F9>=,3E#B`?1\_[2A0>+DK%2D%)R$+.1K^&F8EXYCI6)E6
M;B.DXR09JG0=L9!@[31=,WC5=,Q%$E"%.0X"!@`0H/L6L^>+YU?V"PWL+C68
M=05[X>R):U^0,@T6.B85H&5;NG<>Y%,0%:-F(\JK-VD/$J[5=1,P"4PA07`W
M5/QC@+8CID[)9]O+#F-KUNMII'E&\<;7;>-E6[<=U64WG,8/[LCAMR>DX]S(
MPJS9XLDN4S91/@N0#AV]M!3$4$P_X;FL^"\[;E;*WIF/&EI9+E,,X3MJ4QRU
MO6$C[DAK<G;MO(8N3N%K#RR#J.--HQ<<+=NX.D8Z!'"HD$IC<:#+'YIFL>!\
M7*Z1YFQIBVR<?7[?C[,-DWK*V7;<3;`75#6NSL67MX9UM"M&3>1?1#B:=E1<
M*D,L5)82<W*!0`(']!;D_'/U"UEC>CGJI-+X,Q9.3F9;,N2],GSERV+;5Q2]
MZS4U>-RLEAN"0F8UZZD&32*:(,V[<YA11;(E(4H=O$*U?K`X?QY@+J?;Q8?Q
M/;C*S\<6/L+?,=9]J1I13B[;AG3PDJA"12(B;Z:*C#R!D6J0"()($(0.PM!J
M]'+^*QT\OWO,%_Z]AJ"Z<R'C7'F7+3DK"RG8UIY&LB9,T/+6C>]OQ=T6W)G8
M.T7[$S^%F6KR.=&9OFR:R0G3-R*D*8.`@`T%-YU\['LO&W5^WCL;'EI6W8ME
MV[DV!9P%IVA"Q]NVY"M3XVLATHWBX6*;M8]@BJZ<**F*DF4#**&,(<1&@QQZ
M7'\1_1C]ZG"'^X$'07!O46UYP+ES5[86\<JX7Q;DFZ[&UQS:I9EQWU8EM73-
MVJHG8-P229[>E)F.>/8<Z<BW37`6YT^"Q"F^T.-!2`T$MOX?6$<-9UWIV*MG
M->*<=9;MZ-U>>2\;"9(LZ`O2+CI8F3+$:EDV+"X&#]JU?@T<*)=Z0H'[M0Q>
M/`1H+/FT+.M/'UL0EE6);4%9MGVTP1BK=M:V(IC!V_!QC<!!"/B8B-0;,(]D
MB`CRI))E(7[@H*/_`*D/\0/=C]Z;.O\`N1<5!D%T0,*8XV'ZK^D.(\N6U'WC
MCJYLPI.[GM261*YB;A;6M;5P7<SB99H?^S>Q+R4@4".D#\2+H"=,P"4PA06T
MO4/UMP?E[0/:/%-[XRLN2LEMKUE1Y"PQ;;B&[:V9.V[%FIBW):VDT&B98*2@
MI2.07:JM>Z.D9,.40"@I!*"5I\.;^+=)?NLY@_\`OF/Z"QTRWTZ="<[WW-93
MS9I[KCE/(MP)L"3U]7]B6S+GNB62B6"$;'%D9N7B7+YT1A'-4T4N<X\B292A
MP``H*<GJ@7WB;(W4"VRN+`]AV7C3#+;,UW6MC.SL>P$7;-HQUHV2]&T(MY$0
M\,W;1[=.=)""_.8A`[Q1T8WWT&2O06TZAMXNJ9K#AN\;9C[NQG#W%(95RQ`3
M+0CZ$E<?XSC5KCDHB::J@**\9<$FBSC5"'`2J?6`00'FH+8&SNEUTXL>W=;M
M_6)HWJU9]ZVC-,+CM:ZK<PI84/.V]/1;DCR-F(:28PB+F/D&#I,JB2J1BF3.
M4!*("%!Y`?*"U8UK?]+[;S9E_@;$SW8=A%8>CV&;G5B6\ME%DR;Y2L2WT&S6
M]CL1GT4$H)PHS*0%^4&QQ3X<O905.U!9`?"'_P#Y3W=_>$L'_;@:"&'UI\\W
M%L?U3=W<E7$_=/0)GF]+&MY%TL=4(JT,;2![#M>(;`;L2;LXBWT_PE``%0QS
M<.)AH,4]-+_P=BG:K`63=E+)G<D8*Q_D^U[RR78-M(1;J8O"WK<?DEC6^W:3
M;Z,B7:$F\:HI.$7"Z22K8RA!-VT%AFW^:ITZVB"+1IK#MPV:M44V[9NWA,/(
M-V[=$A4T44$4\H%31123*!2E*`%*4```X4$(#K*[CZ\;][[Y0VNUJQO>6+;*
MRK#V<_N2W;[8VY'3[S(<9!(0]U7$JUM:7G(KDG3,4%C*=^*RRPJ**`!CCQ#@
M^C;FR5U[ZI&C&3HITNU*QV(Q_;$R"*QT0=VQD"53L*YV*XE$`.@Z@KD7*)3<
M0X\!X<0"@GD?-'_AFX3_`'OK+_VPRM05@]!:P_%+G_TIT-86Z>[!7]-9-V7G
M^Z-QY5/R>95D>[-PX#P/]-P'^>@JX\OWK,9(RQD[(=P.UI"=OO(-Y7A,OG!S
M*+.Y2Y+BD9A\X5.81,8ZKEX8PB(_?09Y]'G1"*ZD/4'P-JK=$V^MVPKJDIFY
MLDRL2LFA-EL"QH5[<UQQ\&LJFLFA,3B#`K!!82'!N=SWPE,"?*(6J<ET).D?
M)X6'`ZFBF"6UG!#&B$9QA:J++)C986PMPGT<JHG+D`;E*<>]^L/('4.I_7YB
M<2"%4#U5])FW3QWXV&U-BI]U=-K8WNILO8T_(]R$O(6+=,0PNBU`FRMRD0_.
MV,3+)MG9B%*11=$RA2E*8"@':>B__%AZ>O[UV'_]5,J"["H%`H%`H%`H%`H%
M`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%!'0^5!D"_<8]
M'S+-VXUO>\,>76TRQ@IJUN:QKEFK2N!NV?9!CV[ULA,P#V/D4F[M`XD5(50"
MJ%'@8!"@JU?.[NAZN]G_`/W]RMXLH)1?0A^3](Z8VZ[UGZ@TCE'+N%7D\^G;
M#S>61D\AY*Q@ZESBXEH"YFTY(K3=WV*Y>@+AL*"ZCZ-654*1)9$Y2(A,$4^2
M7T5"6J-U>>.RSI_1B["!3L;+)KJ,<"<WT00(V$#H'@C^'E'@3C_S<.V@K0.N
M%NU@?J#=1C,>S&M]C.[*Q=<L?:$!'.Y6&:6]/7_)6K!H1$ID>X(5H)RQ\G<R
MR0<"*F,Y%L@D9<06,H`!YC8UL*X\J9$L/&-H1KJ8NO(EXVS9%M13),RSN1G;
MJF64'%,FZ9`,8ZKE\^(0.S[1H+<+J[;G:A:/].G(NFV=\X0-C9GR3HK?=A8?
ML]Y"W;(.K^>0^-U<=-`C7T-`242Q^MN`A$2?6.&W:;F'\("(!4#T$LCXGN^N
MI&B&P6UMP;99GA,.1&3,58[M.Q7<U#W3+DN*X6=\NW3J-;$M>"G%&ZJ#9T10
MQERI)\H_UNP:#UH^;V[;2&).G:_9J@NT>WIG=VU6*!@*LV<VSB]9!4H&`I@!
M1(X"'$`'MH*\^@MD?C4]0/3W)FA>HVDEBYM@[@VCQ7@J=G+_`,2-X:ZVTQ;D
M7$7P^"2=N)1[`MK;=$:#<S'F!!ZJ8?J"\`'@;@%>YUY/XQ'4,_>.NS_Z:-H,
M=^F1E.P,']0W2W,.5;C;6?C;&>R>);UOFZ7C9\\:V_:]O7A&2,S+.&L8U>R#
MA)BR0.H8B**BA@#@4HCV4%PHPZI&A4IJ)+;Y,-B+;<ZEP4\:V97,A8"]BPS2
M=+<K&T!CS0ZELDNDZWZCDD&H"5@8HG4`>/+Q,`5*/6QSOB79OJF;C9WP5>;'
M(>)<C9$AI>RKSC6<JP8S\:UL"T(AP[;-)MC&2J*:<E'+I<%D$C"*?'AP$!$,
M<.G_`)$LS$>\.I64<C3J%L6%C[83%%X7C<3I!VY;0EMV_>43)2\HNW8-W3U=
M)DR;G4,5))10P%X%*(]E!<"7%N9K-O+T\-NLP:J95B<OXW884V"LYW=,-%W'
M$-$KCA\6S3F0C1:W/#0<B*C=O((GYP1[LQ5`X&'MH*3Z@D)_'!ZG6N_2XW(R
M5E;9MO>I,<9(P;+XW)-V-`A=$E!3_P"K;6N>.</8,KMFZ=1KQ&#60.=$QE$E
M#D-RB7FX!9K7%U4M'K$T_P`-[UY0S`&*];<\(6VKCN\KWM6ZD7S]>[&<B_A&
M#^WH"(GYB->N&<2X4,"B7(F5,>8P=G$*;S>*_+2REN7M3DFP9E&XK(OW8++=
MWVC/MT739O,VY<-\34K#2:+=\@V>(I/F#I-0I54R*%`W`Q0'B%!E3T3,\XDU
MCZI>GN=\[7FRQYB7'60)J7O2\Y%G*2#&!CG-A7=$MW3AG",9.46(I(R"*7!%
M!0P"H`B'`!$`MIKLV;P9N!TZL_Y\UPR!'90Q'=VO>PS6W;SBF,S&LI)Q;UEW
MG`S*2;.?C8F51,QEH]9$W>($XF((AQ#@(A2%4$AWXR>X>MFC_4=D,T;492B<
M0XR4U\R9:*5US,7<4LT/<<U*V<YBXH&MLQ$W)=\\0C%Q*;N>[#DX"8!$*"R1
MZ@6^>.<6=)_/^\^*+P97'9TOK?*75A:[68/(Y"XY3)<,G`8SDHQ&3;L)!)1W
M,W$T7335225`"_B*`\:"E6776<K+.7"AUEW"JBZZRAA,HJLJ<5%%#F'M,<YS
M"(C]XC03Y_A+:K@K)[?;G34<`@S:VOKU83]=N/8J\42OO("C%P(<!$J3:$25
M`![.;A]_8%@901._E%=0S3>&T*VTT+E,WP;3;:8A,-R\7AHT)=JDR[CWF0;(
MO1NX+,)0![63*I;#-1WP.^*8"%X"',(%H*LN@G4_$6ZBNF&H^*-@<(;$YT@<
M993SML7C1MBBT96%NZ1=W@M(VPWM1D5F\@;?E8MGW]P.TVP?5+H`!S@(_A[:
M"-OUQ]<[DU>ZJ^Z6.I^-=,&4SF6YLHV:Y<)"FG,V-E5XI?5MRC0X_@71%O-&
M;J&*(@5PW5(/XB"`!A1J*XP$VV?P*?:B)D)O7!3*=GM<V1\3(R,3(FQP^F&S
M*Z';21B#I2C92-C5SN>+<P+&!$2E[1"@M`+)^--T!\E61$9*Q_B\;RQ_/1+6
M=A[SMO97(LM;3^(>($=-Y!"79WHJR^G40.!N(G#E^PW`0$*#Q\OG`?PU,;9]
MO37:]KCEXBZ[#D$H:=NYKDG8FY,5FFQ3`SV(C<AVG(ST'(.H=<10>*$-],BX
M*8G>B)3<`].M3>CA\:++MZV)?NIEQXVRC>]J7+!WG:+2R-NKHN6X&T[:[]"?
MC'"]GC?2DR863J/*JHBNT#\)!YR\.-!YI?+4ZD^D>RFIUOZL81SW`7[GW#NW
MC$^1\=1\%>+&1M@EG6ADFU;E,ZDIBW8Z"=!%7!((MC_3NEN8Y^)>8H"(!7UT
M%DU\5_?C2=GT_<8=/"\\Z045M'E#)^?F41AX\+=JDY)1=TGD)9NLWET;?5M8
MAG-NM7#@@*/B#P3$!`#<`$*^7:["MTZX[,Y\P/>L>XB[GQ+EN_+&E&CE,R1Q
M-`W'(,VCM,I@`3-9%B1)PB<.)5$52F`1`0&@[UHCN5D[I_[78=VSQ&DQ?W?B
M:XS21[?EE%TX6[K<DV3J%NJT)A1L(.$H^X[?D'#852<5&YSE6(`G3+06!,Q\
MU+11+"YKG@]=-AWF<5(HP(XID$[.:6FWN`S<0(1WDM&=<"K;R;WM%=*)^K.@
M'$&Q3CR`%>IN-M7D[=W9K,.T^85V9[^S'=SNYY1E&%43AX)GW2+"#MJ%25,=
M1.(MR#9MV3?F$3F31`YQ$YC"(?6^EUEC'N"NHII?F3+-RMK-QIC38C&EXWS=
M3QL_>-;?MJ$N%J\E)5PTBVKV1<)-&R8F$B**B@@'841H+GO5O;/7K=3$S'.>
ML.2HO+&*9*;F[=97A$1T]%,UYFW')6DRQ!G<D5#2A%&+@X%,)D`*;CQ*(AVT
M&15`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%
M`H%!$M^5/M'K+D3I(YGQK8&Q>"+YR,AF/"B*U@6?EW']S7LDM!Y&9#-HJ6I"
MW"]G2*PY6Z@NBBAQ;@F85.7E'@%6S09U9HT1O#%>N&"=I;?RMA'*>-\RV,RN
M*=A;,RG8:^4L-W8>3D(I_8N3,5GN0U\1CDJK$JK5\FR4:.$EBE,*2H=V(8*T
M'(Q$2_GI2/A8M(B\E*.T&#%!1RU9D6=N5"I()"Y>K-VB/>*&``,H<I>(]HT$
MZSXZ_2JU1U6R9;&]?4`V\TW@\O6H@9_@C7OS-X-F7>.YM^U%(,BY+?,+X=Q9
M+PC63@Y(N);*K?ERR@N'*@.4TT4@QK^91G#"N;]F]-93"V8,6Y?C(/!%]1\W
M(8NR!:=_LH9\YR`1PV9RKJTY>60CG3EN`G336,0YR`(@`@`T$-:@[)9JZ#6[
M[5<N5DF[9O<D&NX<+J$10002DVJBJRRJABII)))E$QC&$`*`<1'A03D/F#;!
M8#S1@KIR1F',XX=RW)6U*9:/<4?C')UDW\^@$G%G8K0;+332U)R6<1:+I=$Y
M$CKE3*H=,P%$1*/`()=!*/\`B.9;Q3AKJ?7C=68,G8]Q1:Z^JN3HEO<F2KTM
MNQ(%Q*N;TQ@NVBT)BZ)**CUI)P@U54(@5053II',!1*0P@'E[UN+OM*_NK+O
MI>5B73;E[6A<.P5TR,!==HSD9<EM3C!1"/(1]#SL,Z>Q<FS.<A@!1%4Y!$HA
MQX@-!Y94$S#'F<<*-?A]Y9PNYS%BMOF-WG%9ZTQ*OD.T4<FNFA]DK$DBN6UA
M*2Y;J70-&(G<@8C02BV(97CR`)@"&?0*"R`^+=F[4Z*Z/^9<%YXV2P1BB1R+
MF'.-M2=NY"S!CNR;F);EZ6';$`I*)0=SW'%R7TJR#M7N5A2!-0Q!Y3#RCP"!
MKN;J+=^FV:[OQ5/7AC/)-OQLW))V/D[$^2;&R39F0;4(Z4"&N6+DK+GIDK$[
MY@*9G#-T5!TS7$R2A`$O$0Q)H)M?5!SS@N[/BZ]-/$]K9IQ)<N5+8E,#_J3&
M=OY(LV9R%;_Y=9>1TI'\ZLN.FG-RQ?Y<LL0CCOVQ.X.<I3\HF`!"$I0*"S8Z
M*.UNKEA_'/+C6^-E,`V9D8,,[D,3V!=>9,=6[>R;V8F,JC$,U+5E[C9SJ;N5
M(Z2,V3%N!URJD$@&`Y1$*R>@4$TOK*[\8U/T`.D]IEBG*MAWE=V0<;8@N',]
MO69>4#<DO9T'A_'<29E;EZ1\)(O7-NR+Z]IUNH#5Z5%8%(HX"3B0>`0M*"VA
M^/W?6D6DO2IUEQA=>W&JELY)O.#D,T91AY787#S"9C[TRB\&>_*9AHK>";AM
M)V_;7Y=&JI*@"B1V8D,`"40H/9_S_P"A_K8U']R.&_&=!5Q?*3R;C;+G6`R]
M>F*,A6/D^SG>+,%LFMV8\NR!O6VG#V/QU%-W[-"=MM_)1:KIDN'(LF543IF[
M#``T$=R@RDT=EXBW]S]39V?E8V"@X;8_"LG,34R_:Q<1$QC'(UNN7LC)R3Y5
M!DP8,FR9E%EE3D333*)C"``(T%CYU[-(^FYU;<<05^8YWRTLQGN#B6'>QV/K
MUF-BL0%MG(-L'45?CC+(BS*[5WS:/"04.M%R:2:RD8Y64`R:B"RA2A6FY]U[
MR1K7?TECG)A;.4FX]=<B,E861;"RA:DRU15%(DI!79CRXKD@92,=<.9-0B_$
M0'@(%,`@`=#BLC9!@H-W;$'?=Y0UM/P5!];T5<\W'0;P%^/?@[B6CY%@X!;B
M//SICS??0:%D65<>1;IAK,M)FU?W%/NTV,4S>S$+`-EW*@_A*M+7#(14.R3`
M.(F47<))D*`F,8``1H+"?X['33TFZ=LP.X.XN[&DTQMC+0#R%Q]CJ&V;PE/0
M>`X2;0%O..WDZWO12/G,FS;`YF:RS,RC*-9J*HHJKG644*$(;J3S\#=74%W5
MN2UYR'N6W)S9_-<I"7!;THQFH.9C'F0)U9G)1,O&KN8^2CW:)P.DLBH=-0@@
M)3"`\:#":@]FOCX7S9.-^L%I;>F1;QM2P+-@[VNQ>:NV]KBB+4MB(16QI>C9
M%24GYYXPBF!%W*Q$B"JJ0#J'*4.)C``A),^2_P!.S5'<*YG.^FD&U^H5S9X1
M@FD=G;"L;LCA)G+Y7C+>8D:PU]V1WM[-VLA?D3$-B,WK`YBJRC1%$R`F<)"F
ML$!Y=!1LNLV6`I56ZJB"H%.FJ4%$CBF<"JI&.DH4#%'@8HB4?M`1"@[SB_&E
MV9@ORV\;V0C#+71=4BE&11;ANBVK,A"+*C^)>4N>\):#MR&8-DP%19=TZ122
M3*8QC``#0?9]Q]9D]0\Y2V"C9>Q;FZ4MJV;)E+BO?#%SQ=Z8Z)<5TVM&7'+V
MS!75#OG\?/#:CB2^A7<IF(55PB<0(0.`4&+5!:#?%9VQU8Q%TC+"LS*^R^OV
M,;P;9KS<^<VGD+,N.;+N5LS?W,@LQ=N(*Y+DC91!L]1_&B<R0%4((&*(AVT$
MCKS_`.A_K8U']R.&_&=`\_\`H?ZV-1_<CAOQG0//_H?ZV-1_<CAOQG0//_H?
MZV-1_<CAOQG0//\`Z'^MC4?W(X;\9T#S_P"A_K8U']R.&_&=`\_^A_K8U']R
M.&_&=`\_^A_K8U']R.&_&=`\_P#H?ZV-1_<CAOQG0//_`*'^MC4?W(X;\9T#
MS_Z'^MC4?W(X;\9T#S_Z'^MC4?W(X;\9T#S_`.A_K8U']R.&_&=`\_\`H?ZV
M-1_<CAOQG0//_H?ZV-1_<CAOQG0//_H?ZV-1_<CAOQG0//\`Z'^MC4?W(X;\
M9T#S_P"A_K8U']R.&_&=`\_^A_K8U']R.&_&=`\_^A_K8U']R.&_&=`\_P#H
M?ZV-1_<CAOQG0//_`*'^MC4?W(X;\9T#S_Z'^MC4?W(X;\9T#S_Z'^MC4?W(
MX;\9T#S_`.A_K8U']R.&_&=`\_\`H?ZV-1_<CAOQG0//_H?ZV-1_<CAOQG0/
M/_H?ZV-1_<CAOQG0//\`Z'^MC4?W(X;\9T#S_P"A_K8U']R.&_&=`\_^A_K8
MU']R.&_&=`\_^A_K8U']R.&_&=`\_P#H?ZV-1_<CAOQG0//_`*'^MC4?W(X;
M\9T#S_Z'^MC4?W(X;\9T#S_Z'^MC4?W(X;\9T#S_`.A_K8U']R.&_&=`\_\`
MH?ZV-1_<CAOQG0//_H?ZV-1_<CAOQG0=\QSM9J[F&XPL[$FR6`\I7<9BZE"V
MMCG,6/+WN,8UB*0/9$(.V;BDY,6+,5B=ZMW7=I\Y>80XA0??*#%MYHYI3(23
MV9?Z?:MOIB2=NG\C+/-?L3.9*0?/5CN'KUZ^6M([IT[=KJ&.JHH<QU#F$3"(
MB(T'Y\C.DWH\U9]ON)?"-!MPT.T<!87`:9ZH@N(\17#7?$(+"(APXBI^C^<1
MX?RT'&/^GGH'*J]])Z.Z@2"W'CWSW6G##I7C_P#$6LLY_P#C0;]MH3HNR0^E
M9Z7:FM&WV?3MM=,/H(</V=RE9Q$_^%!^?(+HIZ*]2_;EA[P;0;A'1#1YN!BM
M]-=4T`,/$P(Z\8B2`PAV`)@):!0$0"@UO(SI-Z/-6?;[B7PC0/(QI-Z/-6?;
MYB7PC0:".A^CK<3"AIIJD@)^'.*.N^(4Q/PX\.826>7FX<?OH-?R,Z3>CS5G
MV^XE\(T&DKHEI`X)W:^FVJBQ.(&Y%=><1J$Y@X\!Y3V@8.(<:#]$T5TC2(5-
M/3G59-,@<"D)KWB0A"A^PI2VB``'\U!^_(SI-Z/-6?;[B7PC0:/D0T>%8'`Z
M:ZIBX`.`+^7C$7?`'#AP!7](<_#AV?;]E!K>1G2;T>:L^WW$OA&@>1G2;T>:
ML^WW$OA&@VRVAFC3@W.OICJ@N?APYUM=L0*&X!]@<Q[/,/"@_2.B&CK?B#?3
M35)`![1!'7?$27'^?DL\O&@U_(SI-Z/-6?;[B7PC0:)=$-'B*F7)IIJF18_'
MG6+KQB(JI^/V\R@6>!S<>'WC0:WD9TF]'FK/M]Q+X1H'D9TF]'FK/M]Q+X1H
M-L?0S1I53OE-,=4%%N)1[T^NN(#J<2\.4><UGB;B7AV=O90;GR,Z3>CS5GV^
MXE\(T#R,Z3>CS5GV^XE\(T%3[\BS.6$<P]43-5MZY6#C&P,/X#3CL%P;?%-F
M6E9MO7)<EFG=*9`N=9"T8R-9RCI>]9%XR(Y4[PQVS%+E-R\`H,*NESJ!,;V[
M\:R:R1S)=U$W]DR$<7XX20,LG%8SME;]2Y"DW/`IB)I(VK%N2$$W`IEU$R?:
M8*"Y$;]/_1!L@@V1TJU-!%LBDW1*;77$*IBI()E22**BMH'4.)2$`.)A$1^\
M:#5\@NBGHKU+]N6'O!M!NDM$](4"`FCIOJJBF`B($2UYQ&F0!$>(B!26@!0$
M1H-3R,Z3>CS5GV^XE\(T'\-HOI(8HE-IUJP8I@$#%-KYB02F`>P0$!M'@("%
M!LO(+HIZ*]2_;EA[P;0;A+1#1Y$IB(Z::II$-QYB):\8B3*;CV#S%)9X`/$*
M#@W'3JZ?;M7OW6BVG3A?CS=\MK+A5543?M$Y[)$PC_30<RGH9HVD@#5+3'5!
M-J`<`;)Z[8@(@`?L!$MG@F`?T4&EY!=%/17J7[<L/>#:#>%T6TD(4I":=:KD
M(4`*4I=>\2%*4`[``I0M$```"@_7D9TF]'FK/M]Q+X1H/PIHII$L0R:NG&JR
MJ9NPQ%->L1G(;MX_B*:T!*/;0;0-!M%`[0TLU+`0[0$-<L/=G_Z;0:$CT_-"
MY@I"2VDFHLF5,."99#6[#;P$P_83ZBS%.0/YN%!KMM!=$V;4&+/2O4MJR#[&
MC?7+#R+;C^WN$[.*EQ_HH-TGHII"B0$T=.-54DR\>!$]>L1ID#B/$>!2V@!0
MXC0:GD9TF]'FK/M]Q+X1H-JKH7HTN?O%],-3UE!``YU==<0*'X!]@<Q[/$>`
M4&GY!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/1
M7J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#
M:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17
MJ7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:
M!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J
M7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!
MY!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7
M[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y
M!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[
M<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!
M=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<L/>#:!Y!=%/17J7[<
ML/>#:#O>.M5]8<07$%WXEUQP-BZ[`8NHP+HQUB#'MDW$$:]%(7D>$W;5O1DD
M#%V*).]2[WNU.0O,`\`H/O-`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%!
M@+O=U-],NFO#8VGMP,JGQK'Y8GIBWK*^CM:Y[Q?2#N`CD9*8=K15I14Q*-8F
M/2=($5='1[DJSE(@CQ.%!%IZKOR[==6^$+SQ#TU5KTOW,%^0LC;09YN*U).Q
M[.Q='2K8S-[/6I%7,@SN>Y+T2;+G!@95DU9,U^5<3K"0$A"N@>/'<B\=R$@Z
M</7[]RN\>O7:RCAT[=NE3+N73E=4QU5W#A8YCG.81,8PB(CQ&@LA_B!]*V7P
MAB:Z^HUFFVE(J_<]P7Z.U^B99IW4C!X8!TB]G+[!-=(%FBN2I9HBFR$!`QHI
MB"@<4W84$VB@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@
M4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@_G#^4?MX_\.'#^:BO[1"@
M4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@KR_EO:<;1YIVRQEEF3SCJ'`X5@\
M2HVUA?%V3]IL/8'R615O(F?9%G6UJ9NNVPFMV'DY]XW3.[B'+PJ3=%LDL"9B
M@`A$7L/0?+5]S:,*7+6D=G@JH"9IB_.H)I-;<(@`FX"HL]4SPY/W9`[1Y4S"
M(?8`CV4$G'I=]$OI(XVO&U\Q]2;JV=-C*SN">,9B+UJQ?N9@AQ83N2:K$<-V
M^3;X?W[%2%T1Z:Q"@M%1K5NU<?U5':R1C)&"R/MG]-_INW_T;^2?I#\DBOTK
M^F?H/TY^G/H$/R/]/_E?_EGY)^6=U]+]/_8=QR]W^#A0<Y0*!0*!0*!0*!0*
M!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*
..!0*!0*!0*!0*!0*#_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
