Corporate Responsibility at Chiquita Triple Bottom Line Investing Conference November 3, 2005 Michael Mitchell Director, Corporate Communications Chiquita Brands International

Our Company International producer and marketer of high-quality fresh and value-added produce 106-year-old company $4 billion in annual revenues Premium brand Healthy, convenient, high-quality, fresh Operations in more than 60 countries 25,000 employees worldwide More than 14,000 farm workers, about two-thirds unionized June 2005 acquisition of Fresh Express, U.S. market leader of packaged salads

International producer and marketer of high-quality fresh and value-added produce

106-year-old company

$4 billion in annual revenues

Premium brand

Healthy, convenient, high-quality, fresh

Operations in more than 60 countries

25,000 employees worldwide

More than 14,000 farm workers, about two-thirds unionized

June 2005 acquisition of Fresh Express, U.S. market leader of packaged salads

Our Model for Corporate Responsibility Community Suppliers Transparent Reporting Performance Measurement Employee Participation & Training Organization & Accountability Engagement Verifiable Standards Core Values Leadership Responsibility Opportunity Respect Integrity

Community

Suppliers

Transparent Reporting

Performance Measurement

Employee Participation & Training

Organization & Accountability

Engagement

Verifiable Standards

Core Values

Leadership

Verifiable Standards Labor Costa Rica (2002) Colombia and Panama (2003) 100% SA8000 certification owned farms (2004) 14% independent growers (2004) Food Safety Colombia, Panama and Costa Rica (2003) 63% owned farms (2004) 47% independent growers (2004) Environmental Initial Engagement (1992) First owned farms in Costa Rica (1994) 100% certification owned farms (2000) 83% independent growers (2004) Certification to Leading Standards

Costa Rica (2002)

Colombia and Panama (2003)

100% SA8000 certification owned farms (2004)

14% independent growers (2004)

Colombia, Panama and Costa Rica (2003)

63% owned farms (2004)

47% independent growers (2004)

Initial Engagement (1992)

First owned farms in Costa Rica (1994)

100% certification owned farms (2000)

83% independent growers (2004)

Labor Engagement Landmark IUF-COLSIBA-Chiquita Agreement Signed June 14, 2001 Based on core ILO conventions Collaboration on worker health and safety Fair dealing and continuous improvement Negotiate in good faith Communicate in open, honest and straightforward manner Avoid public international campaigns or anti-union retaliatory tactics Committee to review serious or systemic violations “ We have seen real progress as a result of the Agreement in a number of Chiquita operations. … I remain impressed with the good faith and serious intent Chiquita has brought to this process.” Ron Oswald General Secretary International Union of Foodworkers

Landmark IUF-COLSIBA-Chiquita Agreement

Signed June 14, 2001

Based on core ILO conventions

Collaboration on worker health and safety

Fair dealing and continuous improvement

Negotiate in good faith

Communicate in open, honest and straightforward manner

Avoid public international campaigns or anti-union retaliatory tactics

Committee to review serious or systemic violations

Organization & Accountability Corporate Responsibility Officer reports to CEO With significant interaction with the Nominating and Governance Committee of the Board of Directors CR Steering Committee CR specialists in all divisions Management systems CR integrated into company strategy & planning Annual CR objectives and bonus for managers All managers sign annual code of conduct compliance statement Manuel Rodriguez

Corporate Responsibility Officer reports to CEO

With significant interaction with the Nominating and Governance Committee of the Board of Directors

CR Steering Committee

CR specialists in all divisions

Management systems

CR integrated into company strategy & planning

Annual CR objectives and bonus for managers

All managers sign annual code of conduct compliance statement

Employee Participation & Training

Measurement & Reporting

Children plant trees in Bocas, Panama, at an Environmental Awareness Fair Chiquita Nature & Community Project in Costa Rica http://www.chiquita.com/naturecommunity Community Engagement

Children plant trees in Bocas, Panama, at an Environmental Awareness Fair

Chiquita Nature & Community Project in Costa Rica http://www.chiquita.com/naturecommunity

Benefits of Corporate Responsibility Sound agricultural practices from Rainforest Alliance certification reduce costs Reduced agrichemical use – savings of more than $5 million annually Pallet recycling in European market reduced costs by $3 million annually Other environmental benefits of RA certification Reforestation conserves water and soils – more than 1 million trees planted Groundcover reduces herbicide use Better storage and closed systems to avoid agrichemical runoff and improve safety Improved waste management reduces pollution

Sound agricultural practices from Rainforest Alliance certification reduce costs

Reduced agrichemical use – savings of more than $5 million annually

Pallet recycling in European market reduced costs by $3 million annually

Other environmental benefits of RA certification

Reforestation conserves water and soils – more than 1 million trees planted

Groundcover reduces herbicide use

Better storage and closed systems to avoid agrichemical runoff and improve safety

Improved waste management reduces pollution

3,000+ Tons of Plastic Recycled Worker gathers twine on a farm for recycling Twine and plastic are stored in warehouses prior to shipment in recycling facilities Workers compress plastic for recycling The company used recycled plastic to construct this pedestrian bridge in Costa Rica

Worker gathers twine on a farm for recycling

Twine and plastic are stored in warehouses prior to shipment in recycling facilities

Workers compress plastic for recycling

The company used recycled plastic to construct this pedestrian bridge in Costa Rica

Other CR Benefits Improved reputation & brand image Chiquita brand is associated with high levels of corporate responsibility Lower risk profile Lower risk of supply disruptions due to labor unrest Lower risk of NGO or consumer activism Higher employee satisfaction Broadens investor base to SRI funds Chiquita on SB20 Index for 4 consecutive years

Improved reputation & brand image

Chiquita brand is associated with high levels of corporate responsibility

Lower risk profile

Lower risk of supply disruptions due to labor unrest

Lower risk of NGO or consumer activism

Higher employee satisfaction

Broadens investor base to SRI funds

Chiquita on SB20 Index for 4 consecutive years