Resolutions made at Axfood AB's Annual General Meeting

Resolutions made at Axfood AB's Annual General Meeting Election of directors The Annual General Meeting of Axfood resolved on 4 March 2004 that the Company's board shall consist of nine directors. The Meeting resolved to re-elect Göran Ennerfelt, Antonia Ax:son Johnson, Marcus Storch, Gösta Törnroth, Peggy Bruzelius, Annika Åhnberg, Maria Curman, Gunnar Söderling and Mats Jansson. Per Bergman and Ola Forsberg were elected as auditors for terms extending up until the 2008 Annual General Meeting. 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 the Company's own stock 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 possible 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. +46-8-553 998 17, +46-706-29 66 34 Axfood AB is a retail food group comprising the wholly owned store chains Hemköp, Willys and Willys hemma and wholesale operations through Dagab and Axfood Närlivs. Additionally, Axfood works with a large number of independent merchants who are tied to Axfood by franchising or other agreements. In all the Group comprises some 500 stores in Sweden, of which about 220 are wholly or partly owned. Consolidated annual sales are approximately SEK 33 billion, with approximately 8,600 employees. Axfood has approximately 290 stores in Finland, of which 80 are wholly owned and the remainder are operated by independent merchants. Axfood has a market share of 18% in Sweden and approximately 8% in Finland, making it one of the largest, listed retail food groups in the Nordic region. The company is listed on the Stockholm Stock Exchange 0-List, Attract 40. Axel Johnson AB is the principal owner with approximately 45% of the shares. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/05/20040304BIT20600/wkr0009.pdf Resolutions Axfood AB's AGM