Albertson's, Inc., to Hold First Quarter 2001 Conference Call.

Business Editors

BOISE, Idaho--(BUSINESS WIRE)--June 1, 2001

Albertson's, Inc. (NYSE:ABS), is scheduled to conduct an analyst conference call on Tuesday, June 5, 2001 to discuss the Company's financial results for the first quarter ended May 3, 2001. Results for the quarter are scheduled to be released that day after the market closes, approximately one hour before the live conference call.

The conference call will be broadcast live over the Internet on Tuesday, June 5 from 3:00 p.m. (MDT) to approximately 4:00 p.m. (MDT) at www.albertsons.com and www.streetfusion.com. A recorded replay of the call will also be available on both websites for approximately one week following the call. In addition, a telephone replay of the conference call will be available through PostView with Global Crossing beginning Tuesday, June 5 at 5:00 p.m. (MDT) and ending Sunday, June 10 at 5:00 p.m. (MDT). To access PostView, call 1/800/633-8284, enter reservation number 18961464 and follow instructions. For calls placed from outside the United States, dial 858/812-6440.

Albertson's, Inc., is one of the largest retail food and drug chains in the United States. Based in Boise, Idaho, the Company currently operates 2,538 retail stores in 36 states across the United States.