Notice of Annual General Meeting

Notice of Annual General Meeting

The shareholders of Axfood AB have been summoned to attend the Annual General
Meeting to be held at 5 p.m. on Wednesday, 5 March 2008, at Grand Hotel,
Vinterträdgården room, Royal entrance (the intersection of Stallgatan and
Blasieholmsgatan) in Stockholm. Registration opens at 4 p.m.

Axfood AB's nominating committee has recommended that the following directors
shall be re-elected: Antonia Ax:son Johnson, Peggy Bruzelius, Maria Curman,
Göran Ennerfelt, Marcus Storch, Gunnar Söderling, Annika Åhnberg, nominating
committee also recommended that Fredrik Persson shall be elected to a first term
as Company director and that Göran Ennerfelt shall be elected as Chairman of the
Board.

The nominating committee has also recommended that the auditing firm KPMG
Bohlins AB, with Chief Auditor Thomas Thiel, shall be elected to a first term
and that the auditing firm is elected for a term extending through the end of
the 2012 Annual General Meeting.

The summons to the Meeting shows that the Board of Directors has proposed that
an ordinary dividend based on profit for the year be set at SEK 12 per share,
and that the record date be set at 10 March 2008. 
The complete summons is available on Axfood's website: www.axfood.se, and has
been appended to this press release. 

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

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.