Supervalu continues to prepare for possible Save-A-Lot spin-off

Minneapolis-based Supervalu Inc. reaffirmed that it is preparing for a separation of its Save-A-Lot business. As part of that process, Supervalu pursued and continues to pursue a spin-off of Save-A-Lot, as described in the preliminary Information Statements on Form 10 filed with the U.S. Securities and Exchange Commission. Supervalu is, however, prepared to consider other alternatives to improve stockholder value, and in this regard, is also evaluating a possible sale of Save-A-Lot.

Supervalu said it generally does not comment on potential transactions and does not intend to update this statement other than in connection with the Form 10 process and/or unless and until a definitive transaction agreement is entered into. There can be no assurance that a separation of Save-A-Lot will be completed, as to the form or timing of any such separation, or that any other change in the company’s overall structure or business model will occur.