Safeway (SWY)

Stock Repurchase Program

During the third quarter of 2007, the Company repurchased approximately 0.4 million shares of its common stock under its repurchase program at an aggregate price, including commissions, of $12.5 million. The average price per share, excluding commissions, was $31.54. Year-to-date through the third quarter of 2007, Safeway has repurchased approximately 3.8 million shares of its common stock under the repurchase program at an aggregate price, including commissions, of $132.5 million. The average price per share, excluding commissions, was $35.10. The remaining board authorization for stock repurchases is $614.7 million. The timing and volume of future repurchases will depend on several factors, including market conditions. The repurchase program has no expiration date but may be terminated by the Board of Directors.

Stock Repurchase Program

During the second quarter of 2007, the Company repurchased approximately 3.4 million shares of its common stock under its repurchase program at an aggregate price, including commissions, of $120.0 million. The average price per share, excluding commissions, was approximately $35.52. The remaining board authorization for stock repurchases is $627.2 million. The timing and volume of future repurchases will depend on several factors, including market conditions. The repurchase program has no expiration date but may be terminated by the Board of Directors.

Stock Repurchase Program

In July 2002, the Company announced that its Board of Directors had increased the authorized level of its stock repurchase program to $3.5 billion. Through the end of the third quarter of 2006, the aggregate cost of shares of common stock repurchased by the Company, including commissions, was approximately $3.1 billion, leaving an authorized amount for repurchases of approximately $354 million. During the third quarter of 2006, the Company repurchased approximately 2.4 million shares of its common stock under the repurchase program at an aggregate price, including commissions, of $71.8 million. The average price per share, excluding commissions, was approximately $29.36. Year-to-date through the third quarter of 2006, Safeway repurchased approximately 8.3 million shares of its common stock under the repurchase program at an aggregate price, including commissions, of $211.5 million. The average price per share, excluding commissions, was approximately $25.50. The repurchase program has no expiration date but may be terminated by the Board of Directors.

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SAFEWAY INC. AND SUBSIDIARIES

Stock Repurchase Program

In July 2002, the Company announced that its Board of Directors had increased the authorized level of its stock repurchase program to $3.5 billion from the previously announced level of $2.5 billion. From the initiation of the repurchase program in 1999 through the end of the second quarter of 2006, the aggregate cost of shares of common stock repurchased by the Company, including commissions, was approximately $3.1 billion, leaving an authorized amount for repurchases of approximately $425.4 million. Prior to the second quarter of 2006, the Company had last repurchased shares of its common stock under the repurchase program during the fourth quarter of 2002. During the second quarter of 2006, the Company repurchased 5.84 million shares of its common stock under the repurchase program at an aggregate price, including commissions, of $139.7 million. The average price per share, excluding commissions, was $23.88. The repurchase program has no expiration date but may be terminated by the Board of Directors.

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SAFEWAY INC. AND SUBSIDIARIES