Year-End Report Axfood AB (publ.) for the period 1 January–31 December 2007

● Operating profit for the period January–December was SEK 1,121 m. Operating profit for the preceding year, totalling SEK 1,204 m, included SEK 89 m from the settlement with the Vi retailers association.

● Profit after financial items for the year was SEK 1,086 m (1,183).

● Profit after tax for the year was SEK 781 m (852), and earnings per share were SEK 14.88 (16.03).

● Axfood's consolidated sales amounted to SEK 29,189 m (28,808) for the year, an increase of 1.3%.

● Like-for-like sales rose 1.1% during the year. Retail sales for Axfood's wholly owned stores increased by 0.5%.

● The Board of Directors proposes an ordinary dividend of SEK 12 per share (12) based on profit for the year.

● Axfood forecasts operating profit for 2008 to be level with 2007.