Safeway (SWY) Q3 Comps Rose 3.5%

As previously announced, on March 6, 2014, Safeway Inc. (NYSE: SWY), AB Acquisition LLC (“AB Acquisition”), Albertson’s Holdings LLC (“Albertsons Holdings”), a subsidiary of AB Acquisition, Albertson’s LLC (“Albertson’s LLC”), a subsidiary of Albertsons Holdings, and Saturn Acquisition Merger Sub, Inc. (“Merger Sub” and together with AB Acquisition, Albertsons Holdings and Albertson’s LLC, “Albertsons”), a subsidiary of Albertsons Holdings, entered into an Agreement and Plan of Merger, which was subsequently amended on April 7, 2014 pursuant to Amendment No. 1 and on June 13, 2014 pursuant to Amendment No. 2 (as amended, the “Merger Agreement”), pursuant to which the parties agreed that, on the terms and subject to the conditions set forth in the Merger Agreement, AB Acquisition will acquire Safeway (the “Merger”).

In an offering memorandum related to Merger financing, Albertsons plans to disclose that Safeway's identical-store sales (excluding fuel and excluding the Eastern division) for the third quarter of 2014 grew 3.5%, due primarily to price inflation.

In light of the pending Merger, Safeway no longer holds quarterly earnings conference calls or issues earnings releases. The third quarter quarterly report on Form 10-Q will be available at http://investor.safeway.com or the SEC website no later than Thursday, October 16, 2014.

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