Sprouts Farmers Market Announces Exercise of Underwriters' Option to Purchase Additional Shares

Sprouts Farmers Market Announces Exercise of Underwriters' Option to Purchase
Additional Shares

PHOENIX, March 31, 2014 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the
"Company") (Nasdaq:SFM) today announced that the underwriters of the recently
announced public offering of its common stock by affiliates of Apollo Global
Management, LLC ("Apollo"), and certain other stockholders of the Company
(collectively, the "Selling Stockholders") have exercised their option to
purchase an additional 2,250,000 shares of common stock at a public offering
price of $33.75 per share. The exercise of the underwriters' option brings the
total number of shares of common stock sold in the offering to 17,250,000. The
offering is scheduled to close on April 2, 2014, subject to customary closing
conditions.The Selling Stockholders will receive all of the proceeds from the
offering.

The offering is being made through an underwriting group led by Goldman, Sachs
& Co., Credit Suisse, BofA Merrill Lynch, Apollo Global Securities, Barclays,
Deutsche Bank Securities, UBS Investment Bank, Guggenheim Securities and Wolfe
Research Securities. Goldman, Sachs & Co., Credit Suisse and BofA Merrill
Lynch are acting as joint book-running managers of the offering and the
representatives of the underwriters.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission. Copies of the final prospectus relating to
the offering may be obtained from: Goldman, Sachs & Co., Attention: Prospectus
Department, 200 West Street, New York, NY 10282, Telephone: 866-471-2526,
Facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; Credit
Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison
Avenue, New York, NY 10010, Telephone: 800-221-1037, or by emailing
newyork.prospectus@credit-suisse.com; or Merrill Lynch, Pierce, Fenner & Smith
Incorporated, 222 Broadway, New York, NY 10038, Attention: Prospectus
Department or by email at dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor will there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

About Sprouts Farmers Market

Sprouts Farmers Market is a specialty retailer of fresh, natural and organic
foods at great prices. We offer a complete shopping experience that includes
fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat
and seafood, baked goods, dairy products, frozen foods, natural body care and
household items catering to consumers' growing interest in health and
wellness. Headquartered in Phoenix, Arizona, Sprouts Farmers Market employs
more than 15,000 team members and operates more than 170 stores in nine
states.

Forward-Looking Statements

Certain statements in this press release are forward-looking as defined in the
Private Securities Litigation Reform Act of 1995. Any statements contained
herein (including, but not limited to, statements to the effect that Sprouts
Farmers Market or its management "anticipates," "plans," "estimates,"
"expects," "believes," or the negative of these terms and other similar
expressions) that are not statements of historical fact should be considered
forward-looking statements, including, without limitation, the expected size
and timing of the offering. These statements involve certain risks and
uncertainties that may cause actual results to differ materially from
expectations as of the date of this release. These risks and uncertainties
include, without limitation, the consummation of the offering by the selling
stockholders and other factors as set forth from time to time in the Company's
Securities and Exchange Commission filings. The Company intends these
forward-looking statements to speak only as of the time of this release and
does not undertake to update or revise them as more information becomes
available, except as required by law.

CONTACT: Investor Contact:
         Susannah Livingston
         (602) 682-1584
         susannahlivingston@sprouts.com
        
         Media Contact:
         Donna Egan
         (602) 682-3152
         donnaegan@sprouts.com

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