Resolutions Made at Axfood AB's Annual General Meeting

Election of directors The Annual General Meeting (AGM) of Axfood (STO:AXFO) resolved on 5 March 2008 that the company's board shall consist of eight members. The AGM resolved to re-elect Antonia Ax:son Johnson, Peggy Bruzelius, Maria Curman, Goran Ennerfelt, Marcus Storch, Gunnar Soderling and Annika Ahnberg. In addition, the AGM resolved to elect Fredrik Persson as a new director. Goran Ennerfelt was elected as Chairman of the Board.

Dividend and record date The AGM approved an unchanged ordinary dividend of SEK 12 per share. The record date was set as Monday, 10 March 2008. Dividends are expected to be sent out by VPC AB on Thursday, 13 March 2008.

Election of auditing firm Axfood's AGM resolved in favour of the new election of the registered public accounting firm KPMG Bohlins AB, with Chief Auditor Thomas Thiel. The auditing firm is elected for a term lasting through the 2012 AGM.

The Board constituted itself after the AGM, with Goran Ennerfelt as Chairman and Marcus Storch as Vice Chairman.

Axfood AB conducts retail trade through the wholly owned store chains Hemkop, Willys and Willys hemma, comprising slightly more than 220 stores, and wholesale trade through Dagab and Axfood Narlivs. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemkop chain as well as stores run under the Handlar'n and Tempo profiles. In all, Axfood collaborates with over 500 proprietor-run stores. Axfood is listed on the Nordic Large Cap list of the OMX Nordic Exchange. Axel Johnson AB is the principal owner, with approximately 46% of the shares.

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