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LOUIS, At the annual meeting of
Ralcorp Holdings, Inc.

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A growing number of states have imposed restrictions on the sale of
certain cold and allergy medicines containing PSE because they are being used
in some cases to illegally make the stimulant methamphetamine.

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"At the same time, we know that
many of our customers depend on these products for quick, effective relief
from colds and allergies. For more information about
Kroger, please visit our web site at http://www.

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"
Kroger operates approximately 1,900 retail pharmacies around the country.

Elected to a one year term expiring in 2006 was:

-- David P.

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ST.

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In
addition, Ralcorp holds an interest of approximately 21 percent in Vail
Resorts, Inc.

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All five Directors are currently members of
Ralcorp's Board of Directors . Kemper, Director since October 1994 and Chairman,
President and Chief Executive Officer of Commerce Bancshares,
Inc.

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com.

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CINCINNATI, The Kroger Co.
Mr.

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Ellis said Kroger will continue working with its suppliers about
reformulating these products with alternative ingredients .

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Kroger also operated (either
directly or through subsidiaries, franchise agreements, or operating
agreements) 795 convenience stores, 436 fine jewelry stores, 536 supermarket
fuel centers and 42 food processing plants.

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Kroger to Move Certain Pseudoephedrine Products Behind Pharmacy Counters or to Other Secure Locations

(NYSE: KR)
today announced that over the next few months, it will move certain
over-the-counter medications containing pseudoephedrine (PSE) behind store
pharmacy counters or to other secure locations. Armstrong, Director since October 2004 and former
Executive Vice President and Chief Operating Officer of Cargill
Animal Nutrition.

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kroger. Hunt, Director since October 2004 and Co-Chief Executive
Officer and President of Ralcorp Holdings, Inc.

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Elected to three year terms expiring in 2008 were:

-- David R., the premier mountain resort operator in North America.

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In stores that have no pharmacies, and as law allows, Kroger is evaluating
whether to stock a limited variety of these items behind a service counter in
order to continue serving our customers.

Ralcorp produces a variety of store brand foods that are sold under the
individual labels of various grocery, mass merchandise and drug store
retailers , and frozen bakery products that are sold to restaurant and food
service customers.

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; and
-- David W.

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Ralcorp Holdings Inc. Announces Results From Shareholder Meeting

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Banks, Director since May 2001 and former Chairman of
the Board of Beverly Enterprises, Inc.

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, (NYSE: RAH) held yesterday , shareholders elected five
Directors to the Company's Board.

Shareholders also approved an amendment to the Company's 2002 Incentive
Stock Plan relating to anti-dilution adjustments.

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Headquartered in Cincinnati, Ohio, Kroger is one of the nation's largest
retail grocery chains . At the end of fiscal 2004, the Company operated
(either directly or through its subsidiaries) 2 ,532 supermarkets and multi-
department stores in 32 states under two dozen banners including Kroger ,
Ralphs, Fred Meyer, Food 4 Less, King Soopers, Smith's, Fry's, Fry's
Marketplace, Dillons, QFC and City Market.

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"Kroger strongly supports efforts to curb the abuse of pseudoephedrine,"
said Mike Ellis, Kroger group vice president.;
-- Kevin J. Ralcorp's diversified product mix includes: ready-to-eat
and hot cereals; crackers and cookies; snack nuts; chocolate candy; salad
dressings; mayonnaise; peanut butter; jams and jellies; syrups; sauces;
griddle products including frozen pancakes , waffles, and French toast; and
biscuits and other frozen pre-baked products such as breads and muffins .

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We believe our decision to move select products to
a secure location will ensure that our customers continue to have access to
these medicines, while also assisting state and local law enforcement
officials in the fight against drug abuse.

Elected to a two year term expiring in 2007 was:

-- Bill G. Skarie, Director since October 2004 and Co-Chief
Executive Officer and President of Ralcorp Holdings, Inc.

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---

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