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Horizon Organic Board of Directors Votes to Extend Merger Agreement Dean Foods Company and Horizon Organic Expect to Close Transaction in Early January 2004 DALLAS and BOULDER, Colo., Nov. 14 /PRNewswire-FirstCall/ -- The Horizon Organic Holding Corporation Board of Directors today voted to approve an extension of the merger agreement with Dean Foods Company to January 15, 2004. Dean Foods and Horizon Organic announced today that they anticipate closing the merger transaction in early January 2004. A joint proxy will be mailed to Horizon Organic shareholders on or about November 21, 2003, and Horizon Organic expects to hold its shareholder meeting to vote on the transaction on December 18, 2003. About Horizon Organic Horizon Organic Holding Corporation markets the leading brand of certified organic foods in the U.S. and the leading certified brand of organic milk in both the U.S. and the U.K. In the U.S. its products include organic milk, a full-line of organic dairy products, organic eggs and juices. In the U.K., the company markets organic yogurt, milk and butter under the Rachel's Organic brand. For more information, please visit the company's web site at http://www.horizonorganic.com/ . About Dean Foods Dean Foods Company is one of the nation's leading food and beverage companies. The company produces a full line of company-branded and private label dairy products such as milk and milk-based beverages, ice cream, coffee creamers, half and half, whipping cream, whipped toppings, sour cream, cottage cheese, yogurt, dips, dressings and soy milk. The company is also a leading supplier of pickles and other specialty food products, juice, juice drinks and water. The company operates over 120 plants in 36 U.S. states and Spain, and employs approximately 28,000 people. Note on Forward Looking Statements: The statements in this press release regarding when the companies expect to complete the pending transaction are "forward-looking" and are made pursuant to the safe harbor provision of the Securities Litigation Reform Act of 1995. The forward-looking statement in this press release speaks only as of the date of this release. Both companies expressly disclaim any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in their expectations with regard thereto or any changes in the events, conditions or circumstances on which such statements are based. Contacts: Horizon Organic: Jennifer J. Matuschek Director of Investor Relations 303.530.2711 x178 Dean Foods: Cory Olson Senior Vice President and Treasurer (214) 303-3645 P.I. Aquino Assistant Treasurer (214) 303-3437 DATASOURCE: Dean Foods Company; Horizon Organic Holding Corporation CONTACT: Jennifer J. Matuschek, Director of Investor Relations of Horizon Organic Holding Corporation, +1-303-530-2711, x178; or Cory Olson, Senior Vice President and Treasurer, +1-214-303-3645, or P.I. Aquino, Assistant Treasurer, +1-214-303-3437, both of Dean Foods Company Web site: http://www.deanfoods.com/ http://www.horizonorganic.com/

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