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Press release from Business Wire

Safeway Inc. Board of Directors Approves 20% Increase in the Quarterly Dividend

Wednesday, May 19, 2010

Safeway Inc. Board of Directors Approves 20% Increase in the Quarterly Dividend16:00 EDT Wednesday, May 19, 2010 PLEASANTON, Calif. (Business Wire) -- Safeway Inc. announced that its Board of Directors met today and declared a regular quarterly cash dividend and approved a 20% increase from $0.10 per share to $0.12 per share on a quarterly basis. The cash dividend of $0.12 will be payable on July 15, 2010, to stockholders of record at the close of business on June 24, 2010. Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,712 stores in the United States and western Canada and had annual sales of $40.9 billion in 2009. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.