Axfood acquires Vi store in Solna

Axfood acquires Vi store in Solna

Axfood today signed an agreement to acquire the Vi store in Solna Centrum, with
total sales of approximately SEK 120 m and some 40 employees. Takeover is
expected to take place in April 2008, at which time the store will be converted
to Hemköp.

“This acquisition is entirely in line with our strategy of strengthening our
position in the Stockholm market,” says Anders Strålman, President and CEO of
Axfood. “The store in Solna Centrum is in a key area in Solna, where Axfood
currently has a weak presence. The strategic location and the new construction
that is planned in the area give the store favourable prospects for future
development.” 

The store has total floor area of approximately 1,280 square metres. Following
the takeover, the store will be able to offer customers a rich selection of
fresh products, appealing ready-made foods and a broad selection of fruits and
vegetables. The store's employees will be offered employment with Hemköp.

“The location in Solna Centrum is a perfect fit for a Hemköp store,” says Per
Uebel, President of Hemköp. “Considering that our head offices are located in
Solna, it feels particularly urgent to show people in Solna what we can offer.”

Takeover of the store is planned to take place in April 2008 and is conditional
upon approval by the Competition Authority without any further action. The
parties have agreed not to publicize the purchase price for commercial reasons.

For further information, please contact:
Ingmar Kroon, Press Manager, Axfood AB, +46-702-89 89 83 
Anders Strålman, President and CEO, Axfood AB, +46-708-37 88 37
Karin Hygrell-Jonsson, CFO, Axfood AB, +46-706-62 69 70

Axfood AB conducts retail trade through the wholly owned store chains Hemköp,
Willys and Willys hemma, comprising slightly more than 220 stores, and wholesale
trade through Dagab and Axfood Närlivs. In addition, Axfood collaborates with a
number of proprietor-run stores that are tied to Axfood through agreements.
These include stores within the Hemköp chain as well as stores run under the
Handlar'n and Tempo profiles. In all, Axfood collaborates with over 500
proprietor-run stores. Axfood is listed on the Nordic Large Cap list of the OMX
Nordic Exchange. Axel Johnson AB is the principal owner, with approximately 46%
of the shares.