Exhibit 99.2

            Heinz Board Increases Common Stock Dividend By
         8.6% to a New Annual Rate of $1.52 Per Common Share

    Business Editors

    PITTSBURGH--(BUSINESS WIRE)--May 31, 2007--The H. J. Heinz Company
(NYSE:HNZ) announced today that its Board of Directors declared
quarterly dividends on both common and preferred stock.

    The common stock dividend will be raised by 8.6% (from 35 cents to
38 cents per quarter), for all shareholders of record as of June 25,
2007 payable July 10, 2007. The 8.6% increase follows a 16.7% increase
in Fiscal Year 2007.

    "This increase reflects the accelerating momentum of our
businesses around the world and our commitment to return approximately
60% of earnings to shareholders in the form of dividends," said
William R. Johnson, Heinz Chairman, President and CEO. "Based on
yesterday's closing price of $47.56, the new dividend yield would be
3.2 percent, placing Heinz's dividend yield in the top 12 percent of
the S&P 500."

    The Board also declared a dividend of 42.5 cents per share on the
Company's Third Cumulative Preferred Stock, $1.70 First Series,
payable July 1, 2007 to shareholders of record at the close of
business on June 25, 2007.

    SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS:

    This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
generally identified by the words "will," "expects," "anticipates,"
"believes," "estimates" or similar expressions and include our
expectations as to future revenue growth, earnings, capital
expenditures and other spending, as well as anticipated reductions in
spending. These forward-looking statements reflect management's view
of future events and financial performance. These statements are
subject to risks, uncertainties, assumptions and other important
factors, many of which may be beyond Heinz's control, and could cause
actual results to differ materially from those expressed or implied in
these forward-looking statements. Factors that could cause actual
results to differ from such statements include, but are not limited
to:

    --  sales, earnings, and volume growth,

    --  general economic, political, and industry conditions,

    --  competitive conditions, which affect, among other things,
        customer preferences and the pricing of products, production,
        energy and raw material costs,

    --  the availability of raw materials and packaging,

    --  the ability to identify and anticipate and respond through
        innovation to consumer trends,

    --  the need for product recalls,

    --  the ability to maintain favorable supplier relationships,

    --  currency valuations and interest rate fluctuations,

    --  changes in credit ratings,

    --  the ability to identify and complete and the timing, pricing
        and success of acquisitions, joint ventures, divestitures and
        other strategic initiatives,

    --  approval of acquisitions and divestitures by competition
        authorities, and satisfaction of other legal requirements,

    --  the ability to successfully complete cost reduction programs,

    --  the ability to effectively integrate acquired businesses, new
        product and packaging innovations,

    --  product mix,

    --  the effectiveness of advertising, marketing, and promotional
        programs,

    --  supply chain efficiency,

    --  cash flow initiatives,

    --  risks inherent in litigation, including tax litigation, and
        international operations, particularly the performance of
        business in hyperinflationary environments,

    --  changes in estimates in critical accounting judgments and
        changes in laws and regulations, including tax laws,

    --  the success of tax planning strategies,

    --  the possibility of increased pension expense and contributions
        and other people-related costs,

    --  the potential adverse impact of natural disasters, such as
        flooding and crop failures,

    --  the ability to implement new information systems; and

    --  other factors described in "Risk Factors" and "Cautionary
        Statement Relevant to Forward-Looking Information" in the
        Company's Form 10-K for the fiscal year ended May 3, 2006.

    The forward-looking statements are and will be based on
management's then current views and assumptions regarding future
events and speak only as of their dates. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by the securities laws.

    ABOUT HEINZ: H. J. Heinz Company, offering "Good Food Every Day"TM
is one of the world's leading marketers and producers of nutritious
foods in ketchup, condiments, sauces, meals, soups, snacks and infant
foods. Heinz provides superior quality, taste and nutrition to people
eating at home, at restaurants, at the office and "on-the-go." Heinz
is a global family of leading brands, including Heinz(R) ketchup,
sauces, soups, beans, pasta and infant foods (representing over one
third of Heinz's total sales), Ore-Ida(R) potato products, Weight
Watchers(R) Smart Ones(R) entrees, Boston Market(R) meals, T.G.I.
Friday's(R) snacks, and Plasmon infant nutrition. Heinz has number-one
or number-two brands on five continents, showcased by Heinz(R)
ketchup, The World's Favorite Ketchup(R). Information on Heinz is
available at www.heinz.com.

    CONTACT: H. J. Heinz Company
             Media:
             Ted Smyth, 412-456-5780
             Michael Mullen, 412-456-5751
             Michael.mullen@us.hjheinz.com
             or
             Investors:
             Margaret Nollen, 412-456-1048