Contact: Lori O. Willis Director of Communications (314) 994-4602

July 24, 2001

Schnucks Announces Plans To Close Jefferson Store

In Springfield, Ill. On August 25

ST. LOUIS - Schnuck Markets, Inc. announced plans today to close the Schnucks store located at 709 West Jefferson in Springfield, Ill. effective August 25

at 6 p.m.

Schnucks bought the store from National in June 1995 as part of its purchase of National's St. Louis division from Loblaw Companies Ltd of Toronto, Canada. The 30,000-square-foot store is the smallest of three Schnucks stores in the area.

"We have given this decision careful review and consideration," said Craig D. Schnuck, chairman and chief executive officer of Schnuck Markets, Inc. "Despite the company's best efforts, hard working associates and an extensive store remodel in 1996, this particular store has never been successful. It has, in fact, continuously operated at

a loss." He added, "The lease expires on September 29 and we have decided not to renew the agreement in a store that was not profitable."

Associates working at the Jefferson store will be offered positions at either of Schnucks two other Springfield locations. About 75 associates currently work at the Jefferson store.

Schnuck says the company remains committed to Springfield and will continue to serve customers at Schnucks' two other stores.

The other Schnucks' locations in Springfield are both 61,000-square-foot Supercenters. One is located in Montvale Commons at 2801 Chatham Rd., about 3.25 miles from the Jefferson store. The other is at 1911 Sangamon Ave. in Sangamon Center, about 2.6 miles from the Jefferson store. Both stores opened in 1996.

Pharmacy clients at the Jefferson store will be notified by mail and asked to designate where their records should be transferred. All prescriptions remaining after the close will be forwarded to the Montvale Schnucks located at 2801 Chatham Rd. Customers with questions about their pharmacy records should call the Jefferson pharmacy at 753-3771 or Schnucks' Office of Consumer Affairs at 1-800-264-4400 during regular business hours (Monday through Friday, from 8:30 a.m. to 5 p.m.). "We will do everything we can to make this transition a smooth one so there is no disruption in service," said Schnuck.

Schnuck Markets, Inc. currently operates 92 stores in Missouri, Illinois and Indiana. The family-owned company was founded in St. Louis in 1939.

-30-

Editor's Note:

The following lists the locations and pharmacy telephone numbers of all Springfield Schnuck stores as of this date:

709 W. Jefferson, Pharmacy - 217-753-3771

2801 Chatham Rd., Pharmacy - 217-698-3441

1911 Sangamon Ave., E., Pharmacy, 217-744-2523