Commenting on the departing board members, Mr. Sales said, “I would personally like to thank Skip, Steven, Susan, Kathi and Ron for serving on SUPERVALU's Board of Directors. Their insight and contributions during their many decades of service on the Board has been exemplary. Their leadership and dedication during the negotiation and completion of today’s transaction was critical.”Commenting on the new board, Mr. Miller said, “I am pleased to be joining SUPERVALU’s Board of Directors and am optimistic that together with Sam and his executive team we can reposition the company for future success. The new Board will work quickly to select two additional directors who will provide experience and knowledge that is complementary to our board members.” The New SUPERVALU With the transaction complete, SUPERVALU now consists of three business units made up of Independent Business, a leading food wholesaler which serves nearly 2,000 stores across the country; Save-A-Lot, the largest hard discount grocery chain in the United States with more than 1,300 stores; and SUPERVALU’s five, strong regional retail banners: Cub, Farm Fresh, Shoppers, Shop ‘n Save and Hornbacher’s. SUPERVALU also confirmed that it has closed on a $1 billion asset based revolving credit facility led by Wells Fargo, US Bank and Rabobank and a $1.5 billion term loan secured by a portion of the Company’s real estate, equipment and an equity pledge of Moran Foods, LLC (the parent entity of the Save-A-Lot business) led by Goldman Sachs Bank USA, Credit Suisse, Morgan Stanley, Bank of America Merrill Lynch and Barclays. The proceeds of these financings replaced a previous $1.65 billion asset-based revolving credit facility, an existing $834 million term loan and a $200 million receivables financing facility and refinanced $490 million of 7.5 percent bonds scheduled to mature in November 2014. About SUPERVALU Inc. SUPERVALU Inc. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $17 billion. SUPERVALU serves customers across the United States through a network of approximately 3,470 stores composed of 1,950 independent stores serviced primarily by the Company’s food distribution business, 1,331 Save-A-Lot stores, of which 950 are operated by licensee owners; and 191 traditional retail grocery stores. Headquartered in Minnesota, SUPERVALU has approximately 35,000 employees. For more information about SUPERVALU visit www.supervalu.com. CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.