Notice to Interested Persons - Reinsurance Arrangement

This document is about Hormel Foods Corporation and its captive insurance company, Diversified Foods Insurance Company, LLC, applying to the Department of Labor for authorization under Prohibited Transaction Exemption 96-62 to allow the captive insurer to enter into a reinsurance arrangement with Zurich American Life Insurance Company Ltd. for certain group term life and long-term disability insurance benefits under the Hormel Foods Corporation Comprehensive Welfare Benefit Plan.

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