Resolutions made at Axfood AB’s AGM 2006

Election of Board members On 9 March 2006, the Annual General Meeting of Axfood resolved that the company’s Board of Directors will comprise eight members. The Meeting re-elected Göran Ennerfelt, Antonia Ax:son Johnson, Marcus Storch, Peggy Bruzelius, Annika Åhnberg, Maria Curman, Gunnar Söderling and Mats Jansson. Mats Jansson was elected Chairman to succeed Göran Ennerfeldt. At the Annual General Meeting in 2004, Per Bergman and Ola Forsberg were elected to serve as auditors for the period until the close of the Annual General Meeting in 2008. Dividend and record date The Meeting resolved that the dividend per share shall be SEK 15, of which SEK 9 is an ordinary dividend and SEK 6 is an extraordinary dividend. The record date shall be Tuesday, 14 March 2006. The dividend is expected to be paid through VPC AB on Friday, 17 March 2006. Acquisition and transfer of own shares The Meeting voted to authorise the Board to approve, on one or more occasions during the period prior to the next Annual General Meeting, acquisition of the company’s own shares through purchase on the Stockholm Stock Exchange. This authorisation pertains to acquisitions of up to 4,000,000 shares at a price per share within the price interval registered on the Stockholm Stock Exchange at the time of acquisition. The Meeting also decided to authorise the Board to, on one or more occasions in conjunction with the financing of acquisitions – in the event that the Board finds it appropriate – to transfer own shares on an exchange or in another manner than on the exchange, including entitlement to waive shareholders’ preferential rights and that payment can be made other than in cash. Reduction of company’s statutory reserve The Meeting decided to reduce the company’s statutory reserve by SEK 1,699,004,932, from SEK 1,699,004,932 to SEK 0, and that an amount corresponding to the reduction be transferred to unrestricted funds that are at the disposal of the Annual General Meeting. The Board held its statutory meeting after the Annual General Meeting, with Mats Jansson as Chairman and Marcus Storch as Vice Chairman. For further information, please contact:: Mats Jansson, Chairman, Axfood AB, Tel +46 (0)8-701 61 00 Anders Strålman, President, Axfood AB, Tel +46 (0)8-553 99 802 Kenneth Wall, Acting Director of Corporate Communications, Axfood AB, Tel +46 (0)703-124 122