The Reitan Group exploring options for its financial holdings in Axfood

Today the Reitan Group has published a press release in which the Group
announces that is exploring options for divesting its financial holdings of 15.6
percent of the capital and votes in Axfood. The Reitan Group has been a
shareholder in Axfood since 2008 and is represented in Axfood’s Board of
Directors. In the same press release the Reitan Group states that Odd Reitan
declines re-election to Axfood’s Board of Directors.

For further information please contact:

Cecilia Ketels, Head of Investor Relations, Axfood AB, +46 72 23 606 43

Karin Hygrell-Jonsson, Chief Financial Officer, Axfood AB, +46 70 662 69 70

The information in this press release is such that Axfood is required to
disclose in accordance with the Securities Market Act. Submitted for publication
at 12.03 p.m. (CET) on 21 December 2015.
Axfood AB conducts food retail and wholesale business in Sweden. Retail business
is conducted through the wholly owned store chains Willys and Hemköp, comprising
257 stores in all. In addition, Axfood collaborates with a large 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 brands. In all, Axfood collaborates with approximately 820 proprietor-run
stores. B2B sales are conducted through Axfood Närlivs and the wholly owned
Axfood Snabbgross chain. Wholesaling is conducted through Dagab. Axfood is
listed on Nasdaq Stockholm AB’s Large Cap list. Axel Johnson AB is the principal
owner, with 50.1% of the shares.