Axfood — M&A Activity 2012

May 16, 2012

PRESS RELEASE 16 May 2012

Axfood sells Netxtra to MatHem

Axfood has signed an agreement with MatHem i Sverige AB on a transfer of Netxtra. MatHem will take over the brand, the customer base, the premises in Bromma and Netxtra's employees. At the same time, Axfood has signed an agreement to supply products to MatHem's online store in Stockholm.

"This agreement strengthens Axfood Närlivs' position as the leading supplier of food to online retailers," says Nicholas Pettersson, President of Axfood Närlivs.

For further information, please contact: Nicholas Pettersson, President, Axfood Närlivs AB, +46-70-261 28 72

Ingmar Kroon, Director Press Relations, Axfood AB, +46-702-89 89 83

Axfood AB conducts food retail and wholesale business in Sweden. Retail business is conducted through the wholly owned store chains Willys, Hemköp and PrisXtra, comprising 239 stores in all. In addition, Axfood collaborates with a large number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemköp and Willys chains as well as stores run under the Handlar'n and Tempo profiles. In all, Axfood collaborates with approximately 820 proprietor-run stores. Wholesaling is conducted through Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB's Large Cap list. Axel Johnson AB is the principal owner, with 50.1% of the shares.