Notice of Annual General Meeting

Notice of Annual General Meeting

The shareholders of Axfood AB are hereby summoned to the Annual General Meeting
to be held at 5 p.m. on Wednesday, 10 March 2010. Location: Cirkus,
Djurgårdsslätten 43-45, Stockholm. Registration will open at 4 p.m.

As reported in the notice of the Annual General Meeting, the Board has proposed
a dividend of SEK 10 per share and 15 March 2010 as the record date. The AGM
notice also includes the Board's proposal regarding the guidelines for
compensation and other terms of employment for members of Company management.

The notice and the Board's complete proposal regarding the guidelines for
compensation and other terms of employment for members of Company management can
be found on Axfood's website, www.axfood.se, and have been attached to this
press release.


For further information, please contact:
Anders Strålman, President and CEO, Axfood AB, +46-70-293 16 93
Karin Hygrell-Jonsson, CFO, Axfood AB, +46-70-662 69 70

Axfood AB conducts food retail and wholesale business in Sweden. Retail business
is conducted through the wholly owned store chains Willys, Hemköp and PrisXtra,
comprising 225 stores in all. In addition, Axfood collaborates with a number of
proprietor-run stores that are tied to Axfood through agreements. These include
stores within the Hemköp and Willys chains as well as stores run under the
Handlar'n and Tempo profiles. In all, Axfood collaborates with approximately 840
proprietor-run stores. Wholesaling is conducted through Dagab and Axfood
Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB's Large Cap list. Axel
Johnson AB is the principal owner, with approximately 46% of the shares.