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.