Ben & Jerry's Receiving Indications of Interest for Acquisition (12/99)

Ben & Jerry's Receiving Indications of Interest for Acquisition

SOUTH BURLINGTON, Vermont (December 3, 1999) -- Ben & Jerry's Homemade, Inc. announced it has received indications of interest to acquire the Company at prices significantly above Wednesday's NASDAQ closing price of $21.00. These indications of interest are subject to conditions and are being considered by the Board of Directors.

The Company's policy, as regularly disclosed in its filings with the Securities and Exchange Commission, is to be an independent Vermont based company focused on its three-part corporate mission, emphasizing product quality, economic reward and a commitment to the community, contributing 7 1/2% o its profit before tax to charities, including donations to The Ben & Jerry's Foundation, Inc.

No decision has been made by the Board with respect to any of these indications of interest or as to any sale of the Company, and no implications should be drawn from this press release as to what definitive decision will be reached by the Board after it has concluded its deliberations or as to the timing of any decision.

Ben & Jerry's produces a wide variety of super premium ice cream, ice cream novelties, low fat ice cream, low fat yogurt and sorbet, using Vermont dairy products and high quality, all natural ingredients. The Company is committed to using milk and cream and that have not been treated with the synthetic hormone, rBGH. Ben & Jerry's products are distributed nationwide and in selected foreign countries in supermarkets, grocery stores, convenience stores, Franchise Ben & Jerry's scoop shops, restaurants and other venues.

Ben & Jerry's, 802-846-1500