Pilgrim's Pride Corporation has announced that a total of 34,219,233 shares of Gold Kist Inc. common stock, or approximately 67% of Gold Kist's outstanding shares, have been tendered and not withdrawn as of 5:00 p.m., New York City Time, November 29, 2006.



"We are very pleased that such a significant majority of outstanding Gold Kist shares have been tendered into our premium offer," said O.B. Goolsby, Jr., Pilgrim's Pride president and chief executive officer. "We believe this strong response is a clear indication that Gold Kist stockholders recognize the compelling value of our offer and want Gold Kist's board of directors to waive its takeover defenses, including its poison pill, so stockholders can receive their money as soon as possible."



Pilgrim's Pride noted that holders of a significant majority of Gold Kist's outstanding shares believe the Pilgrim's Pride offer is the best value-creation opportunity available. Accordingly, both Pilgrim's Pride and Gold Kist stockholders rightfully expect the Gold Kist directors to listen to the owners of the company and work with Pilgrim's Pride to complete this transaction quickly.



Pilgrim's Pride also announced that it has extended its tender offer to purchase all of the outstanding shares of Gold Kist common stock for $20.00 per share in cash. The offer and withdrawal rights, which were scheduled to expire at 5:00 p.m., New York City Time, on Wednesday, November 29, 2006, have been extended until 5:00 p.m., New York City Time, on Wednesday, December 27, 2006, unless further extended.



As previously announced, on September 29, 2006, Pilgrim's Pride commenced its tender offer to purchase all of the outstanding shares of Gold Kist common stock for $20.00 per share in cash. The transaction is valued at approximately $1 billion, plus the assumption of approximately $144 million of Gold Kist's debt.



On October 17, 2006, the Company announced that the Antitrust Division of the Department of Justice (DOJ) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) in connection with its tender offer for the outstanding shares of Gold Kist.



About Pilgrim's Pride Corporation
Pilgrim's Pride Corporation is the second-largest chicken producer in the United States and Mexico and the largest chicken producer in Puerto Rico. Pilgrim's Pride employs approximately 40,000 people and has major operations in Texas, Alabama, Arkansas, Georgia, Kentucky, Louisiana, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia, Mexico and Puerto Rico, with other facilities in Arizona, Florida, Iowa, Mississippi and Utah.



Pilgrim's Pride products are sold to foodservice, retail and frozen entree customers. The Company's primary distribution is through retailers, foodservice distributors and restaurants throughout the United States and Puerto Rico and in the Northern and Central regions of Mexico. For more information, please visit http://www.pilgrimspride.com.



Source: Pilgrim's Pride Corporation