Safeway (SWY)

Dividends on Common Stock

Safeway paid a quarterly dividend of $0.0575 per common share on January 19, 2007 and April 20, 2007 to stockholders of record as of December 29, 2006 and March 30, 2007, respectively. In May 2007, the Company’s Board of Directors approved a 20% increase in the quarterly dividend from $0.0575 to $0.069 per common share. A cash dividend of $0.069 per common share was paid on July 19, 2007 to stockholders of record as of June 29, 2007. Dividend payments to date in 2007 have totaled $81.0 million.

Dividends on Common Stock

Safeway paid a quarterly dividend of $0.0575 per common share on January 19, 2007 and April 20, 2007 to stockholders of record as of December 29, 2006 and March 30, 2007, respectively. The dividend payments totaled $50.7 million.

In May 2007, the Company’s Board of Directors approved a 20% increase in the quarterly dividend from $0.0575 to $0.069 per common share. A cash dividend of $0.069 per common share was paid on July 19, 2007 to stockholders of record as of June 29, 2007. The dividend payment totaled $30.3 million.

Dividends on Common Stock

Safeway paid a quarterly dividend of $0.0575 per common share on January 19, 2007 to stockholders of record as of December 29, 2006. The dividend payment totaled $25.3 million.

In March 2007, Safeway’s Board of Directors declared a quarterly cash dividend of $0.0575 per common share, which was paid on April 20, 2007 to stockholders of record as of March 30, 2007. The dividend payment totaled $25.4 million.

11

Table of Contents

SAFEWAY INC. AND SUBSIDIARIES

Dividends on Common Stock

Safeway paid a quarterly dividend of $0.05 per common share on January 20, 2006 and April 21, 2006 to stockholders of record as of December 30, 2005 and March 31, 2006, respectively. In May 2006, the Company’s Board of Directors approved a 15% increase in the quarterly dividend from $0.05 to $0.0575 per common share. A cash dividend of $0.0575 per common share was paid on July 7, 2006 to stockholders of record as of June 16, 2006. The dividend payments totaled $70.6 million through the third quarter of fiscal 2006.

In August 2006, Safeway’s Board of Directors declared a quarterly cash dividend of $0.0575 per share, which was paid on October 5, 2006 to stockholders of record as of September 13, 2006. The dividend payment totaled $25.5 million.

Dividends on Common Stock

Safeway paid a quarterly dividend of $0.05 per common share on January 20, 2006 and April 21, 2006 to stockholders of record as of December 30, 2005 and March 31, 2006, respectively. The dividend payments totaled $45.0 million in the first 24 weeks of 2006.

In May 2006, the Company’s Board of Directors approved a 15% increase in the quarterly dividend from $0.05 to $0.0575 per common share. A cash dividend of $0.0575 per common share was paid on July 7, 2006 to stockholders of record as of June 16, 2006. The dividend payment totaled $25.6 million.