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

September 18, 2001

Schnucks To Build Fifth Evansville Area Supercenter

EVANSVILLE, Ind. - Schnuck Markets, Inc. has announced plans for a fifth store to serve customers in the Evansville area. A 62,000-square-foot supercenter will be the anchor tenant in a new shopping center to be developed along the east side of Green River Road and south of Lynch Street in Evansville by Lakeside Development, L.L.C.

"We are pleased to be part of the Lakeside Shopping Center and have the opportunity to serve customers in this part of the community," said Craig D. Schnuck, chairman and chief executive officer. "Our new location will provide the quality goods and services Evansville customers associate with Schnucks."

The combination food and drug store will offer a similar variety of goods and services to those offered at other area Schnucks stores. Schnucks expects to hire about 200 new associates to help staff the new store. The closest Schnucks is located about four miles away at 4600 Washington Ave.

William Spurling, managing member of Lakeside Development, said the first phase of the project will total about 93,000 square feet, including the Schnucks store. A second phase will add another 47,000 square feet. In addition, current plans call for five free-standing buildings on perimeter outlots.

Spurling said, "Schnucks is the first tenant at our project, which should help us attract a number of fine shops and service providers. Lakeside Development and Schnucks are looking forward to bringing a quality retail development to the community."

Site work will begin this fall and building construction is scheduled to start in spring 2002. A more definitive timetable will be announced after construction plans are complete.

Schnuck Markets, Inc. currently operates 91 stores in Missouri, Illinois and Indiana. The family-owned company was founded in St. Louis in 1939.

Editor's note: Locations of Schnucks stores in the Evansville area follow:

Schnucks Evansville East, 4600 Washington Ave., Evansville, Ind. 47715 (59,000 square feet; opened 11/11/77)

Schnucks Evansville North, 3700 First Ave., Evansville, Ind. 47710

(57,000 square feet; opened 11/11/77)

Schnucks Evansville West, 4500 W. Lloyd Expressway, Evansville, Ind. 47712 (62,000 square feet; opened 12/5/89)

Schnucks Newburgh, 8477 Bell Oaks Drive, Newburgh, Ind. 47630

(43,700 square feet; opened 3/8/92)