Axfood's acquisition of PrisXtra completed

Axfood's acquisition of PrisXtra completed

On 5 December 2007 Axfood signed an agreement to acquire the family-owned
company PrisXtra. One condition for completion of the deal was that the Swedish
Competition Authority would not have any objections. The Competition Authority
has not made any conditions on the deal, and the acquisition was completed on 28
January. 

Since the start in 1991, PrisXtra has built up a strong brand and a successful
chain of stores in the Stockholm market. The company's mission is to “give all
Stockholmers the most rewarding and trendiest food experience at the lowest
price”. This is well in line with Axfood's intention to develop and operate
successful food concepts based on clear and attractive customer offerings. 

Axfood will continue to operate PrisXtra as a separate company within the Axfood
group and Magnus Lundin will stay on as the company's CEO. All employees will be
offered continued employment.

PrisXtra Förvaltning AB's financial year is September - August and preliminary
sales for the year that ended on 31 August 2007 totalled SEK 706 million.

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

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.