Resolutions made at Axfood AB’s Annual General Meeting

Election of directors The Annual General Meeting of Axfood resolved on 10 March 2005 that the Company’s board shall consist of eight directors. The meeting resolved to re-elect Göran Ennerfelt, Antonia Ax:son Johnson, Marcus Storch, Peggy Bruzelius, Annika Åhnberg, Maria Curman, Gunnar Söderling and Mats Jansson. Gösta Törnroth had declined re-election. Per Bergman and Ola Forsberg were elected at the 2004 Annual General Meeting as auditors for terms extending up until the 2008 Annual General Meeting. Dividend and record date The meeting approved a dividend of SEK 11 per share, of which SEK 6.50 constitutes the ordinary dividend and SEK 4.50 an extra dividend. The record date has been set at Tuesday, 15 March 2005. Dividends will be sent out by VPC AB on Friday, 18 March 2005. Purchases and transfers of own stock The meeting resolved to authorize the Board, on one or more occasions during the period up until the next Annual General Meeting, to make decisions on purchases of the Company’s own stock, entailing the right for the Boad to decide on purchases via the Stockholm Stock Exchange. This authorization shall pertain to purchases of up to 2,000,000 shares at a price per share that is within the price interval registered at the Stockholm Stock Exchange at the time of purchase. In addition, the Meeting also resolved to authorize the Board, in connection with the financing of company acquisitions – in cases where the Board finds it appropriate – to transfer treasury shares held by the Company on the stock market or in another manner than on the stock market – entailing the right to decide on deviation from the shareholders’ pre-emption rights and that payment shall be allowed in another form than money. The Board constituted itself after the Meeting, with Göran Ennerfelt as Chairman and Marcus Storch as Vice Chairman. For further information, please contact: Göran Ennerfelt, Chairman, Axfood AB, tel. +46-8-701 61 00 Mats Jansson, President and CEO, Axfood AB, tel. +46-8-553 99 800 Bodil Eriksson, Executive Vice President, Axfood AB, tel. mobile +46-706-29 66 34