Harris Teeter Supermarkets Confirms Retention of J.P. Morgan as Financial Advisor

  Harris Teeter Supermarkets Confirms Retention of J.P. Morgan as Financial

Business Wire

MATTHEWS, N.C -- February 13, 2013

While it is the long-standing policy of Harris Teeter Supermarkets, Inc.
(NYSE: HTSI) (the “Company”) not to comment on rumors regarding mergers and
acquisitions, in response to certain media articles as well as to remove any
disruption to the conduct of its business and its associates, the Company
confirmed today that it has retained J.P. Morgan Securities LLC (“J.P.
Morgan”) to assist the Company in holding discussions with certain parties
regarding strategic alternatives. The Company was approached by two private
equity firms who expressed an interest in purchasing the Company. In order to
fulfill its duty to its shareholders to evaluate opportunities to increase
shareholder value, the Company retained J.P. Morgan to assist it in conducting
discussions with certain highly qualified parties. The Company intends to
continue its strategic new store growth plan and maintain the employment of
its associates in its stores, and its distribution and manufacturing
facilities in Indian Trail, Greensboro, and High Point, North Carolina, as
well as at its corporate headquarters in Matthews, North Carolina.

There can be no assurance that these discussions will result in any
transaction. If a transaction were entered into, there can be no assurance as
to the price, timing or other terms of such transaction. The Company does not
plan to provide any additional information until such discussions are

This news release may contain forward-looking statements that involve
uncertainties, including those related to the Company’s discussions and
evaluations and future plans described above. Various important factors that
could cause results to differ materially from those expressed in such
forward-looking statements include, without limitation, the outcome of the
discussions described above and the extent and speed of successful execution
of strategic initiatives. Other factors not identified above could cause
actual results to differ materially from those included, contemplated or
implied by the forward-looking statements made in this news release.

Harris Teeter Supermarkets, Inc. operates a leading regional supermarket chain
in eight states primarily in the southeastern and mid-Atlantic United States,
and the District of Columbia.


Harris Teeter Supermarkets, Inc.
John B. Woodlief, 704-844-7516
Executive Vice President and Chief Financial Officer
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