Paul Hastings Represents David H. Murdock in Acquisition of Dole Food Company, Inc.

Signature Transaction Valued at Approximately $2.5 Billion

Mar 31, 2003, 00:00 ET from Paul, Hastings, Janofsky & Walker LLP

    NEW YORK, March 31 /PRNewswire/ -- Paul, Hastings, Janofsky & Walker LLP
 today announced that the firm represented David H. Murdock, Dole's Chairman
 and Chief Executive Officer, in completing his acquisition of
 Dole Food Company, Inc. (NYSE:   DOL).  In addition to the representation of Mr.
 Murdock in the going-private transaction, the firm also represented Mr.
 Murdock and Dole Food Company in the financing for the transaction including
 the issuance of high yield bonds and a senior debt financing.
     The going-private merger agreement was approved on March 26, 2003 at a
 special meeting of the Dole stockholders.  Dole announced that its shares of
 Common Stock will cease to be traded in any public market effective at the
 close of business today.  The transaction is valued at $2.5 billion and as a
 result of the merger, Mr. Murdock now controls one of the largest private
 company groups in the country.
     "This signature transaction is one of a number of large deals that Paul
 Hastings has worked on in the past year," said Peter Tennyson, partner in the
 firm's corporate practice.  "We were pleased to work closely with David
 Murdock in assisting Dole's transition to a privately-held company.  Mr.
 Murdock is a tireless and creative leader, and we recognize that the primary
 factors in the transaction's success were his drive and ability to select and
 motivate the right people, from his own staff to his bank team and advisors."
     The Paul Hastings team, which worked closely with Michael Carter and the
 Dole legal team on this transaction, included: Partners -- Peter Tennyson,
 Bill Schwitter, Michael Chernick, Scott M. Zemser, Jorge Alers, Hydee
 Feldstein, David Phelps and Doug Schaaf; Of Counsel -- Catherine Patton; and
 Associates -- Michael McKinnon, Hank Heyming, Daniel Sonenshine, Alicia Lara,
 Jon Tyras, Brian Brennan and Sarah Schuette.
     The merger, as is often the case in transactions of this type, was the
 target of a number of legal actions.  Orange County Partner Peter Stone, one
 of the leaders of the Paul Hastings securities litigation practice,
 coordinated the defense and settlement of these class actions.  While a large
 portion of the work was done from the firm's Orange County and New York
 offices, attorneys in Paul Hastings' Washington D.C., Tokyo, London and Hong
 Kong offices also provided specialty advice on various domestic and
 international aspects of the financing.
     Dole Food Company, Inc., with 2002 revenues of $4.4 billion, is the
 world's largest producer and marketer of high-quality fresh fruit, fresh
 vegetables and fresh-cut flowers and markets a growing line of packaged goods.
     Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is an
 international law firm, representing Fortune 500 companies with more than
 850 attorneys located in twelve offices: Costa Mesa, Los Angeles, San Diego,
 San Francisco, Stamford, Atlanta, New York, Washington, D.C., Beijing, Hong
 Kong, London, and Tokyo.

SOURCE Paul, Hastings, Janofsky & Walker LLP