Axfood: Nominating Committee

Regulatory News:

In accordance with the guidelines adopted by Axfood’s 2013 Annual General Meeting, based on ownership statistics from Euroclear Sweden AB as per 30 August 2013, the shareholder with the largest number of shares – after consulting with the three next largest shareholders – has appointed a nominating committee. The Nominating Committee is tasked with – ahead of the Annual General Meeting scheduled for 12 March 2014 – making recommendations for a chairman to preside over the Annual General Meeting, the number of directors and deputy directors, directors’ and auditors’ fees along with any special fees for committee work, election of the Chairman of the Board and other board members, and guidelines for composition of the Nominating Committee

The Nominating Committee has the following composition: Hans Dalborg, appointed by Axel Johnson AB, committee chair Kristin S. Genton, Reitangruppen AS Tomas Hedberg, Swedbank Robur funds Johan Strandberg, SEB funds Jonas Hillhammar, Axfood’s Shareholder Association The Chairman of the Board of Axfood, Fredrik Persson, is a co-opted member of the Nominating Committee.

Shareholders who wish to submit nominations to the Nominating Committee ahead of Axfood’s 2014 Annual General Meeting may do so by e-mail at the following address: valberedning@axfood.se. Due to the planned date of publication of the AGM notice, nominations must be sent so that they are received by the Nominating Committee not later than 31 December 2013.

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 254 stores in all. In addition, Axfood collaborates with a 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.

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