SUPERVALU Announces Employee Inducement Award Pursuant to New York Stock Exchange Rule 303A.08

  SUPERVALU Announces Employee Inducement Award Pursuant to New York Stock
  Exchange Rule 303A.08

Business Wire

EDEN PRAIRIE, Minn. -- July 24, 2013

SUPERVALU Inc. (NYSE: SVU) today announced that as soon as practicable on or
following August 7, 2013 the Company will grant Mr. Bruce Besanko stock
options to acquire 225,000 shares of Company common stock with an exercise
price equal to the closing price of a share of Company common stock on the New
York Stock Exchange on the grant date and 225,000 restricted stock shares of
Company common stock. The stock options and restricted stock will have the
same terms and conditions as stock options generally granted during fiscal
2014 to other executives of the Company under the Company’s 2012 Stock Plan.
They will vest in three equal annual installments on each anniversary of the
grant date, subject to Mr. Besanko’s continued employment through the vesting
date. The options and restricted stock will be granted outside of the terms of
the Company’s 2012 Stock Plan in reliance on the employment inducement award
exemption under the New York Stock Exchange Listed Company Manual Rule
303A.08.

About SUPERVALU INC.

SUPERVALU Inc. is one of the largest grocery wholesalers and retailers in the
U.S. with annual sales of approximately $17 billion. SUPERVALU serves
customers across the United States through a network of approximately 3,420
stores composed of 1,900 independent stores serviced primarily by the
Company’s food distribution business, 1,332 Save-A-Lot stores, of which 957
are operated by licensee owners; and 191 traditional retail grocery stores.
Headquartered in Minnesota, SUPERVALU has approximately 35,000 employees. For
more information about SUPERVALU visit www.supervalu.com.

Contact:

SUPERVALU INC.
Financial Contact:
Steve Bloomquist, 952-828-4144
Steve.Bloomquist@supervalu.com
or
Media Contact:
Jeff Swanson, 952-903-1645
Jeffrey.swanson@supervalu.com