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Fairway Group Holdings Corp. Reports Fourth Quarter And Full Year Fiscal 2013 Results

(2) Central Services represents general & administrative expenses excluding depreciation and amortization pertaining to general & administrative activities, management fees and expenses, non-recurring expenses and non-cash equity compensation. It is a useful performance measure and is used to facilitate a comparison of operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting the business than GAAP measures can provide alone.

Supplemental Non-GAAP Disclosure

"This press release presents Adjusted EBITDA which is a non-GAAP financial measure within the meaning of applicable SEC rules and regulations. The Company believes that Adjusted EBITDA is a useful performance measure and is used to facilitate a comparison of operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting the business than GAAP measures can provide alone. The Company defines Adjusted EBITDA as earnings before interest expense, income taxes, depreciation and amortization expense, amortization of deferred financing costs, store opening costs, non-recurring expenses, non-cash equity compensation, pre-opening advertising costs and management fees.

This press release presents Central Services, which is a non-GAAP financial measure within the meaning of applicable SEC rules and regulations. The Company believes that Central Services is a useful performance measure and is used to facilitate a comparison of operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting the business than GAAP measures can provide alone. The Company defines Central Services as general and administrative expenses less: depreciation and amortization related to general and administrative activities, management fees, transaction expenses, non-cash equity compensation and non-recurring items.

This press release presents adjusted net income (loss), which is a non-GAAP financial measure within the meaning of applicable SEC rules and regulations. The Company believes that adjusted net income (loss) is a useful performance measure and is used to facilitate a comparison of operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting the business than GAAP measures can provide alone. The Company defines adjusted net income (loss) as net income (loss) plus any non-recurring expenses, expenses that will not continue after the IPO and any other non-cash charges which may distort period comparisons."

Conference Call Information

Fairway will host a conference call today, June 6, 2013 at 8:30am. ET. The call, which will be hosted by Charles Santoro, Executive Chairman; Herb Ruetsch, Chief Executive Officer; and Edward Arditte, Chief Financial Officer, will be broadcast live over the Internet and accessible through the Investor Relations section of the Company's website at www.fairwaymarket.com . The webcast will also be archived online until June 20, 2013 following the call.

About Fairway Market

Fairway Market is a high-growth food retailer offering customers a differentiated one-stop shopping experience "Like No Other Market". Fairway has established itself as a leading food retailing destination in the Greater New York City metropolitan area, with stores that emphasize an extensive selection of fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings, along with a full assortment of conventional groceries. Fairway is headquartered in New York, New York.

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