Albertsons Companies, Inc.

Capital Allocation and Common Stock Repurchase Program

During the first 40 weeks of fiscal 2025, capital expenditures were $1,412.8 million, which primarily included the completion of 74 remodels, the opening of five new stores and continued investment in our digital and technology platforms. During the third quarter of fiscal 2025, the Company paid its quarterly dividend of $0.15 per share on November 7, 2025 to stockholders of record as of October 24, 2025. On January 7, 2026, the Company announced the next quarterly dividend payment of $0.15 per share to be paid on February 6, 2026 to stockholders of record as of the close of business on January 23, 2026.

On October 14, 2025, the Company entered into an accelerated share repurchase agreement (the "ASR Agreement") with JPMorgan Chase Bank, National Association ("JPMorgan") to repurchase $750 million of shares of the Company's common stock. Also on October 14, 2025, the Company announced that the Board of Directors authorized an increase to the share repurchase program from $2.0 billion to $2.75 billion, inclusive of the ASR Agreement. On October 15, 2025, the Company paid JPMorgan $750.0 million in cash and received an initial delivery of 35.4 million shares of common stock with a value equal to $600.0 million as of the date the ASR Agreement was executed, representing an estimated 80% of the total shares initially underlying the ASR Agreement. The delivery of any remaining shares will occur at the final settlement of the transactions under the ASR Agreement, which is expected to occur in the first calendar quarter of 2026. The number of shares to be delivered upon final settlement will be based on the average of the volume-weighted average share price of the Company's common stock on specified dates during the term of the ASR Agreement, less a discount. During the first 40 weeks of fiscal 2025, inclusive of the $750.0 million ASR Agreement, the Company invested $1,361.6 million for the repurchase of common stock pursuant to the existing multi-year $2.75 billion repurchase authorization.

On November 10, 2025, the Company completed the issuance of $700.0 million in aggregate principal amount of 5.500% senior unsecured notes due March 31, 2031 (the "2031 Notes") and $800.0 million in aggregate principal amount of 5.750% senior unsecured notes due March 31, 2034 (the "2034 Notes" and together with the 2031 Notes, the "Notes"). Proceeds from the Notes were used to redeem in full the $750.0 million outstanding of the Company's 3.250% senior unsecured notes due March 15, 2026 (the "Redemption"), to repay a portion of the borrowings under the ABL Facility, and to pay fees and expenses related to the Redemption and the issuance of the Notes.