Meat Industry INSIGHTS Newsletter

980220 Richfood Holdings, Inc. Declares Third Quarter Dividend

February 6, 1998

Richmond, VA - The Board of Directors of Richfood Holdings, Inc. has declared a quarterly cash dividend on its outstanding Common Stock for the third quarter of fiscal 1998. A cash dividend of $0.04 per share will be payable on or about March 31, 1998, to shareholders of record on March 16, 1997.

Richfood Holdings, Inc., headquartered in Richmond, Va., is the largest wholesale food distributor in the Mid-Atlantic operating region. The Company provides a full range of grocery, dairy, frozen food, produce, meat and non- food items to chain and independent retailers throughout the region. The Company also operates a chain of sixteen retail grocery stores in the metropolitan Baltimore area and has recently announced its pending acquisition of the operations and assets of Farm Fresh, Inc., a supermarket chain headquartered in Norfolk, Va.

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