Notice of Annual General Meeting

The shareholders of Axfood Aktiebolag (publ), reg. no. 556542-0824, are hereby invited to attend the Annual General Meeting (AGM) to be held at 5 p.m. on Wednesday, 16 March 2016. Location: Clarion Hotel Sign, Östra Järnvägsgatan 35, Stockholm. Registration for the AGM will open at 4 p.m.

As stated in the AGM notice, the Board of Directors proposes an ordinary dividend of SEK 5.00 per share and an extra dividend of SEK 4.00 per share (total SEK 9.00 per share), and that the record date for entitlement to the dividend shall be 18 March 2016.

The AGM notice is available on Axfood's website, axfood.se, and is appended to this press release.

For further information, please contact:

Karin Hygrell-Jonsson, CFO, 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, the Financial Instruments Trading Act, or requirements made in the stock exchange’s rules for issuers. Submitted for publication at 10.00 a.m. (CET) on 10 February 2016.

At Axfood we work with passion for food and people. Our strength is in developing and driving successful grocery formats in the Swedish market with responsibility for the environment and sustainable development. Axfood includes the Willys and Hemköp chains as well as the Tempo, Handlar’n and Direkten formats, which are proprietor-owned and organized within Axfood Närlivs. B2B sales are handled through the Axfood Snabbgross chain, and wholesaling is conducted through Dagab. Axfood is listed on Nasdaq Stockholm, and the principal owner is Axel Johnson AB. Read more at www.axfood.se.