KRAFT FOODS DECLARES REGULAR QUARTERLY DIVIDEND OF $0.29 PER SHARE

NORTHFIELD, Ill., Dec. 20, 2010 /PRNewswire-FirstCall/ -- The Board of Directors of Kraft Foods Inc. has declared a regular quarterly dividend of $0.29 per common share of

(Logo: http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO)

Class A stock. This dividend is payable on Jan. 14, 2011, to stockholders of record as of Dec. 31, 2010.

Kraft Foods is building a global snacks powerhouse and an unrivaled portfolio of brands people love. With annual revenues of approximately $48 billion, Kraft Foods is the world's second largest food company, making delicious products for billions of consumers in approximately 170 countries. The portfolio includes 11 iconic brands with revenues exceeding $1 billion - Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; and Oscar Mayer meats. Approximately 70 brands generate annual revenues of more than $100 million. Kraft Foods (http://www.kraftfoodscompany.com/; NYSE: KFT) is a member of the Dow Jones Industrial Average, Standard & Poor's 500, Dow Jones Sustainability Index and Ethibel Sustainability Index.

- make today delicious -

Photo: http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO
PRN Photo Desk, [e-mail]

Kraft Foods Inc.

CONTACT: Media, Michael Mitchell, [phone], [e-mail], or
Investors, Chris Jakubik, [phone], [e-mail], both of Kraft Foods
Inc.

Web Site: http://www.kraftfoodscompany.com/