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SWY » Topics » TO ESTABLISH MAJORITY VOTE STANDARD

This excerpt taken from the SWY 8-K filed Mar 15, 2006.

TO ESTABLISH MAJORITY VOTE STANDARD

Contacts: Melissa Plaisance (925) 467-3136

Julie Hong (925) 467-3832

Pleasanton, CA – March 15, 2006

The board of directors of Safeway Inc. amended the company’s bylaws to establish a majority vote standard for uncontested director elections. In a contested election, the plurality vote standard will remain in place.

In addition, the bylaws were amended to incorporate the director resignation policy contained in Safeway’s Corporate Governance Guidelines. An incumbent director who does not receive a majority of votes cast must tender his or her resignation. The board will act on the resignation within 90 days and publicly disclose its decision.

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