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, 14 March 2012. 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 12 per share and 19 March 2012 as the record date.

The notice 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 237 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 50,1 of the shares.