Albertson’s, Inc. Board of Directors, at its quarterly meeting on June 14, 2000, declared a regular quarterly cash dividend of $0.19 per share. The cash dividend will be payable on August 10, 2000, to stockholders of record at the close of business on July 14, 2000.

Albertson’s, Inc. is one of the largest retail food and drug chains in the United States. Based in Boise, Idaho, the Company currently operates over 2,500 retail stores in 37 states across the United States.