UNIVERSAL CORP /VA/
8-K, EX-99, 2000-10-18
FARM PRODUCT RAW MATERIALS
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                                                                      EXHIBIT 99
                           Universal Corporation Logo


 P.O. Box 25099 Richmond, VA 23260 o phone: (804) 359-9311 o fax (804) 254-3594
--------------------------------------------------------------------------------
                                  PRESS RELEASE
                   CONTACT                       RELEASE
              Karen M. L. Whelan                Immediately
              Phone:   (804) 359-9311
              Fax:     (804) 254-3594
              Email:   [email protected]

Universal Corporation Announces Conference Call
Richmond, VA, October 18, 2000 / PRNEWSWIRE

Universal Corporation  (NYSE:UVV) will webcast its conference call following the
release of first quarter  financial  results on October 24, 2000.  The call will
begin at 4 p.m.  Eastern  Time and will be  hosted by Karen M. L.  Whelan,  Vice
President and Treasurer.

         A live webcast of the  conference  call will be  available  online on a
listen-only basis at  www.universalcorp.com  or  www.vcall.com.  A replay of the
webcast  conference call will be available at either of these websites for seven
days. A taped replay of the  conference  call will be available  beginning  5:30
p.m.  Eastern  Time  October  24  through  5 p.m.  Eastern  Time  October  31 at
888-203-1112 or 719-457-0820 (conference replay pass code - 664932). A replay of
the call will be available for seven days.

         All remarks made during the conference call will be current at the time
of the call and will not be updated to reflect subsequent material developments.

         While  news  media  representatives  will not be able to ask  questions
during the  webcast,  they are welcome to monitor  the remarks on a  listen-only
basis.  The media's use of any comments made by Universal  employees  during the
call  will be  restricted  for  background  use  only  and not for  attribution.
Rebroadcast of the copyrighted call or any portion thereof is prohibited.

         Universal  Corporation  is a  diversified  company with  operations  in
tobacco,  lumber, and agri-products.  Universal Corporation's gross revenues for
the fiscal year that ended on June 30, 2000,  were  approximately  $3.4 billion.
For  more  information  on  Universal   Corporation,   visit  its  web  site  at
www.universalcorp.com.

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