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Delhaize Group Announces Debt Tender Offer Results and Completes Pricing of Senior Notes

April 4, 2012 - BRUSSELS, BELGIUM

Delhaize Group (EURONEXT BRUSSELS: DELB)(NYSE: DEG), the Belgian international food retailer, announced today theresultsof a tender offer to qualifying holders for cash prior to maturity of upto EUR300 million aggregate principal amount of its outstanding 5.625% SeniorNotesdue 2014 (the "Notes"), plus accrued and unpaid interest and premiumamounts(the "Offer"). Delhaize Group also announced that it has completed thepricingof USD 300 million of Senior Notes due 2019, at an annual coupon of 4.125%(the"New Notes"), to be issued at 99.807% of their principal amount.The netproceeds of the issuance will be used in part to fund DelhaizeGroup'srepurchase in the Offer. Any remaining net proceeds from the sale ofthe NewNotes are expected to be used for general corporate purposes.

Debt Tender Offer Results

The Offer commenced on March 22, 2012 expired on 2 April 2012 at 4.00p.m.(London time).EUR 191 067 000 in nominal amount of the Notes were validly offered forsale toDelhaize Group pursuant to the Offer. Delhaize Group has accepted forpurchasean aggregate nominal amount of EUR 191 067 000 of the Notes at a purchasepriceof 108.079 per cent. The purchase price, together with accrued interest,will bepaid to qualifying holders whose Notes have been accepted for purchaseon orabout 10 April 2012. Following completion of the Offer, an aggregatenominalamount of EUR 308 933 000 of the Notes will remain outstanding.

The purpose of the Offer is to manage the debt maturity profile ofDelhaizeGroup. The Offer was made only outside the United States, and no tendersfromthe United States were accepted. Any Notes purchased by Delhaize Grouppursuantto the Offer will be cancelled and will not be reissued or resold.

Issuance of the New Notes

The New Notes will be issued by Delhaize Group, which is currently ratedBaa3 byMoody's Investors Service, Inc. and BBB- by Standard and Poor's RatingsServices(both with a stable outlook). The New Notes will contain a change ofcontrolprovision allowing their holders to require Delhaize Group to repurchasethe NewNotes at 101% of their aggregate principal amount in certaincircumstances. Inaddition to the New Notes that will be issued, Delhaize Group issued EUR400million of retail bonds in October 2011 that contained a change ofcontrolprovision approved by the general meeting of shareholders dated 26 May2011.This offering of the New Notes is being made to qualified investorspursuant toan effective registration statement filed by Delhaize Group with theU.S.Securities and Exchange Commission (SEC). The New Notes will not belisted onany stock exchange. The New Notes are expected to be issued on April 10,2012,subject to customary closing conditions.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present inelevencountries on three continents. At the end of 2011, Delhaize Group'ssalesnetwork consisted of 3 408 stores. In 2011, Delhaize Group postedEUR 21.1 billion (USD 29.4 billion) in revenues and EUR 475 million (USD661million) in net profit (Group share). At the end of 2011, DelhaizeGroupemployed approximately 160 000 people. Delhaize Group's stock is listed onNYSEEuronext Brussels (DELB) and the New York Stock Exchange (DEG).This press release is available in English, French and Dutch. You can alsofindit on the website Questions can besent


This press release shall not constitute an offer to sell, or thesolicitation ofan offer to buy, Delhaize Group's senior notes or any othersecurities, norshall there be any sale of securities mentioned in this press releasein anyjurisdiction in which such offer, solicitation or sale would be unlawfulpriorto registration or qualification under the securities laws of anysuchjurisdiction.

Press release in pdf format:

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Delhaize Group via Thomson Reuters ONE[HUG#1599987]


Chris Farrell
+ 32 2 412 75 71

Aurelie Bultynck
+ 32 2 412 83 61

Steven Vandenbroeke (media)
+32 2 412 86 69

Amy Shue (U.S. investors)
+1 704 633 82 50 (ext. 2529)


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