CORRECTED: Landec Schedules First Fiscal Quarter Earnings Release and Conference Call Dates.

Business Editors

MENLO PARK, Calif.--(BUSINESS WIRE)--Feb. 21, 2003

Landec Corporation (Nasdaq:LNDC) announced today that it will report financial results for the fiscal year 2003 first quarter ended January 26, 2003 after market close on Wednesday, March 5, 2003.

The news release will be followed the next morning, Thursday, March 6th, by a teleconference and webcast open to all interested parties at 8:00 a.m., Pacific Time. The teleconference can be accessed by calling [phone] or [phone]. Please log in 5 - 10 minutes prior to the beginning of the call.

This call is being webcast by CCBN and can be accessed at Landec's web site at www.Landec.com in the investor relations section. A replay of the teleconference will be available through midnight Pacific Time, Thursday, March 13th, by calling [phone] or [phone]. The access code for the replay is 6430874. The webcast will be available for 30 days through April 6th.

For further information, please call Sonia Powell at [phone].

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password protected event management site, StreetEvents (www.streetevents.com). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar, and to RSVP to events online.

Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food, agricultural and licensed partner applications. The Company's temperature activated polymer products are based on its proprietary Intelimer(R) polymers which differ from other polymers in that they can be customized to abruptly change their physical characteristics when heated or cooled through a pre-set temperature switch.