Trian Group Believes It Has Obtained Heinz Board Seats

Business Wire, August 16, 2006

NEW YORK -- The Trian Group today announced that, based on preliminary vote tabulations by its proxy solicitor, Innisfree M&A Incorporated, it believes that the Trian Group obtained seats on the H.J. Heinz Company (NYSE: HNZ) Board of Directors at the Annual Meeting today. According to Heinz, certification of the final results by IVS Associates, Inc., the independent inspectors of election, is expected to be announced on September 15, 2006.

The Trian Group issued the following statement on today's results:

"This is a big victory for all Heinz shareholders. There is clearly a desire for positive change at Heinz, and we are gratified by the mandate Heinz shareholders have given us to help reinvigorate Heinz and unlock the full value of its iconic brands. We are eager to work diligently and cooperatively with Heinz's Board, management and talented employees to create sustained performance improvement and long-term value for the benefit of all shareholders, employees and the Company's other constituencies and stakeholders."

About Trian Fund Management, L.P. and Sandell Asset Management Corp.

Investment funds and accounts managed by Trian Fund Management, L.P. ("Trian"), together with an investment fund managed by Sandell Asset Management Corp. (and affiliated companies) ("Sandell") are collectively referred to as the "Trian Group."

Trian, based in New York, is an investment management firm whose principals are Nelson Peltz, Peter W. May and Edward P. Garden. Trian seeks to invest in undervalued and under-performing public companies and prefers to work closely with the management of those companies to effect positive change through active, hands-on influence and involvement, which it refers to as "operational activism." Trian's goal is to enhance shareholder value through a combination of strategic re-direction, improved operational execution, more efficient capital allocation and stronger management focus. Trian's principals and investment team have extensive experience in reviving consumer brands, including the highly successful turnaround of Snapple Beverage Corp.

Sandell, based in New York, NY, is an investment management firm founded by Thomas E. Sandell that focuses on corporate event driven investing worldwide. Sandell often will take an "active involvement" in facilitating financial or organizational improvements that will accrue to the benefit of shareholders.

Additional information about the Trian Group's efforts to seek representation on the Heinz Board of Directors is available at www.enhanceheinz.com.