ATLANTA -- Gold Kist Inc. requests that its stockholders take no action at this time in response to Pilgrim's Pride Corporation's announcement that it is commencing an unsolicited tender offer to acquire all outstanding shares of common stock of Gold Kist at a price of $20 per share.



Gold Kist's Board of Directors will carefully review the terms of the unsolicited tender offer, which is at the same price as Pilgrim's unsolicited proposal announced on Aug. 18, 2006.



The Board, in accordance with its fiduciary duties, will review and consider Pilgrim's unsolicited tender offer and will make a recommendation to stockholders on or before Oct. 12, 2006.



Merrill Lynch & Co. and Gleacher Partners LLC are acting as financial advisors to Gold Kist and Alston & Bird LLP and Richards, Layton & Finger are serving as outside legal counsel.



Gold Kist will file a proxy statement in connection with our 2007 annual meeting of stockholders. Stockholders are strongly advised to read the proxy statement when it becomes available, as it will contain important information. Stockholders will be able to obtain the proxy statement, any amendments or supplements to the proxy statement and other documents filed by the company with the Securities and Exchange Commission for free at the Internet Web site maintained by the Securities and Exchange Commission at www.sec.gov.



Copies of the proxy statement and any amendments and supplements to the proxy statement will also be available for free at the Company's Internet Web site or by writing to Gold Kist Inc., Attn: Investor Relations, 244 Perimeter Center Parkway, N.E., Atlanta, Georgia 30346. In addition, copies of the proxy materials may be requested by contacting our proxy solicitor, MacKenzie Partners, Inc. at (800) 322 2885 toll-free or by email at proxy@mackenziepartners.com.



Detailed information regarding the names, affiliations and interests of individuals who may be deemed participants in the solicitation of proxies of Gold Kist Inc. stockholders is available on Schedule 14A filed with the Securities and Exchange Commission on Aug. 21, 2006.

Gold Kist is the third-largest chicken company in the United States, accounting for more than nine percent of chicken produced in the United States in 2005. Gold Kist operates a fully-integrated chicken production business that includes live production, processing, marketing and distribution. Gold Kist's operations include nine divisions located in Alabama, Florida, Georgia, North Carolina and South Carolina.



SOURCE: Gold Kist Inc. via Business Wire.