SOURCE: Safeway Inc.

Safeway Inc.

June 14, 2012 16:39 ET

Safeway Inc. to Discuss Financial Strategy

Reaffirms Excellent Access to Commercial Paper Market

PLEASANTON, CA--(Marketwire - Jun 14, 2012) - Safeway Inc. (NYSE: SWY) -- In response to recent inquiries, Melissa Plaisance, Senior Vice President, Finance & Investor Relations, will host a brief conference call on Friday, June 15th to review Safeway's previously discussed temporary shift in financial policy (including its plan to pay down debt and return its financial ratios to prior levels by the end of 2013), its recent opportunistic floating rate note issuance and its continued excellent access to the commercial paper market.

The call is scheduled to be held at 11:00 a.m. ET (8:00 a.m. PT) on Friday, June 15, 2012.

The conference call will be audio webcast live at Click on 'Webcast' to access the call. A replay will be available for approximately one week following the call.

Contact Information

    Safeway Inc.
    Christiane Pelz