A Message from Dennis Treacy--Summer 2010 Edition

Dennis

Dear Smithfield Foods Employees,

I am pleased to write this letter in my new capacity here at Smithfield: senior vice president, corporate affairs, and chief sustainability officer. This is a new position for our company-and an indication of the central role sustainability plays for us and for our customers.

Since last year we have updated the way we manage corporate social responsibility (CSR) issues across the company. We have refined our systems of accountability and oversight, and we have set goals and targets for our five core areas of focus: environmental performance, animal welfare, food safety, community relations and employees. We also have two new sustainability committees-one composed of board members, the other made up of top executives from across our company. As these recent changes demonstrate, we understand that managing CSR is integral to producing good business results and essential to maintaining good relationships with all our stakeholders.

When I joined Smithfield Foods almost a decade ago, many of you may remember that the company was aiming to improve its performance, particularly on the environmental front. We're first to admit that back in the 1990s there were concerns with our environmental management and performance. Yet over the years, we've transformed ourselves into a company that is leading our industry in many areas.

Increasingly, our customers and our ultimate consumers are asking us tough questions about our CSR programs. They want to know what Smithfield Foods is doing-and where we're going. It's important for you, our employees, to be informed about who we are as a company and about what we are doing to be an industry leader in sustainability. Hopefully, you are able to share the company's drive to produce good food in a responsible manner, and able to inform others about the steps our company is taking in order to ensure that happens.

As employees, we welcome your comments on our progress-and your thoughts about where our sustainability journey should take us next.

Sincerely,

Dennis Treacy Signature

Dennis H. Treacy
Senior Vice President, Corporate Affairs, and Chief Sustainability Officer

August 31, 2010