Delhaize Group Announces Share Repurchase Program

Apr 30, 2001, 01:00 ET from Delhaize Group

    BRUSSELS, Belgium, April 30 /PRNewswire/ -- Delhaize Group
 (Euronext Brussels: DELB, NYSE:   DEG), the Belgian international food retailer,
 announced today that it intends to initiate its share repurchase program.  On
 December 15, 2000, Delhaize Group was authorized by its shareholders at an
 extraordinary general meeting to repurchase up to EUR 400 million of its
 shares on the open market.  Since Delhaize Group ADRs are now listed and
 trading on the New York Stock Exchange, Delhaize Group may repurchase Delhaize
 Group ordinary shares or ADRs on the open market.  Delhaize America, the
 wholly-owned subsidiary of Delhaize Group, has been authorized to make
 purchases on the open market from time to time solely to cover the exercise of
 options under various employee benefit plans.
 
                                 DELHAIZE GROUP
 
     Delhaize Group is a food retailer headquartered in Belgium and listed on
 Euronext Brussels and on the New York Stock Exchange.  At the end of the first
 quarter of 2001, Delhaize Group's sales network consisted of 2,402 stores in
 ten countries on three continents.  In 2000, Delhaize Group achieved sales of
 EUR 18.2 billion (USD 16.8 billion) and net earnings of EUR 160.7 million (USD
 148.1 million).  Delhaize Group employs approximately 152,000 persons.
     For more information, visit the Delhaize Group web site at
 www.delhaizegroup.com.  Questions can be e-mailed to
 investor@delhaizegroup.com.
 
     This press release is not an offer or the solicitation of an offer to
 acquire any securities of Delhaize Group and no such offer or solicitation
 will be made except in compliance with applicable securities law.
     This press release includes forward-looking statements (statements that
 are not historical facts and relate to future activities and performance) that
 involve risks and uncertainties, including those described in Delhaize Group's
 filings with the Securities and Exchange Commission.  These forward-looking
 statements include statements about strategic options, future strategies and
 the anticipated benefits of these strategies, and they are subject to risks
 and uncertainties.  Actual results may differ materially from those stated in
 any forward-looking statements based on a number of factors, including the
 early stage of Delhaize Group's consideration of these strategic options and
 strategies, the possibility that Delhaize Group may decide not to implement
 these strategies, the ability of Delhaize Group to successfully implement
 these strategies if and when Delhaize Group decides to implement them or any
 of them, and the possibility that the anticipated benefits of these strategies
 are not achieved.  The recent share exchange and the listing of the Delhaize
 Group ADRs on the New York Stock Exchange may not yield the expected benefits.
 Delhaize Group assumes no obligation to update the information contained in
 this press release.
 
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SOURCE Delhaize Group
    BRUSSELS, Belgium, April 30 /PRNewswire/ -- Delhaize Group
 (Euronext Brussels: DELB, NYSE:   DEG), the Belgian international food retailer,
 announced today that it intends to initiate its share repurchase program.  On
 December 15, 2000, Delhaize Group was authorized by its shareholders at an
 extraordinary general meeting to repurchase up to EUR 400 million of its
 shares on the open market.  Since Delhaize Group ADRs are now listed and
 trading on the New York Stock Exchange, Delhaize Group may repurchase Delhaize
 Group ordinary shares or ADRs on the open market.  Delhaize America, the
 wholly-owned subsidiary of Delhaize Group, has been authorized to make
 purchases on the open market from time to time solely to cover the exercise of
 options under various employee benefit plans.
 
                                 DELHAIZE GROUP
 
     Delhaize Group is a food retailer headquartered in Belgium and listed on
 Euronext Brussels and on the New York Stock Exchange.  At the end of the first
 quarter of 2001, Delhaize Group's sales network consisted of 2,402 stores in
 ten countries on three continents.  In 2000, Delhaize Group achieved sales of
 EUR 18.2 billion (USD 16.8 billion) and net earnings of EUR 160.7 million (USD
 148.1 million).  Delhaize Group employs approximately 152,000 persons.
     For more information, visit the Delhaize Group web site at
 www.delhaizegroup.com.  Questions can be e-mailed to
 investor@delhaizegroup.com.
 
     This press release is not an offer or the solicitation of an offer to
 acquire any securities of Delhaize Group and no such offer or solicitation
 will be made except in compliance with applicable securities law.
     This press release includes forward-looking statements (statements that
 are not historical facts and relate to future activities and performance) that
 involve risks and uncertainties, including those described in Delhaize Group's
 filings with the Securities and Exchange Commission.  These forward-looking
 statements include statements about strategic options, future strategies and
 the anticipated benefits of these strategies, and they are subject to risks
 and uncertainties.  Actual results may differ materially from those stated in
 any forward-looking statements based on a number of factors, including the
 early stage of Delhaize Group's consideration of these strategic options and
 strategies, the possibility that Delhaize Group may decide not to implement
 these strategies, the ability of Delhaize Group to successfully implement
 these strategies if and when Delhaize Group decides to implement them or any
 of them, and the possibility that the anticipated benefits of these strategies
 are not achieved.  The recent share exchange and the listing of the Delhaize
 Group ADRs on the New York Stock Exchange may not yield the expected benefits.
 Delhaize Group assumes no obligation to update the information contained in
 this press release.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X34179335
 
 SOURCE  Delhaize Group