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Safeway Inc. Board of Directors Declares Quarterly Dividend

PLEASANTON, Calif.-(Business Wire)-August 27, 2008 - Safeway Inc. (NYSE:SWY) announced that its Board of Directors declared a regular quarterly cash dividend of $0.0828 per common share. The cash dividend will be payable on October 16, 2008 to stockholders of record at the close of business on September 25, 2008.

Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,740 stores in the United States and western Canada and had annual sales of $42.3 billion in 2007. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.

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