CARR GOTTSTEIN FOODS ANNOUNCES FINAL FIGURES FOR TENDER OFFER.

ANCHORAGE, Alaska--(BUSINESS WIRE)--Nov. 21, 1995--Carr Gottstein Foods Co. (NYSE:CGF), the largest food and drug retailer in Alaska, today announced the final proration figures for its cash tender offer for up to 7,500,000 shares of common stock of the Company at $11.00 per share. The offer, proration period and withdrawal rights expired at 1:00 p.m., New York City time on Wednesday, November 15, 1995. Final figures indicate that 15,024,557 shares were validly tendered and not withdrawn prior to the expiration of the offer. The Company accepted for payment 7,500,000 of such shares. Final proration calculations resulted in 8,927 odd lot shares and 7,491,073 non-odd lot shares, or approximately 49.8% of non-odd lot shares validly tendered and not withdrawn, being accepted for payment.

Carr Gottstein Foods operates 39 stores in Anchorage, Fairbanks, Juneau, Ketchikan, the Kenai Peninsula and other Alaska communities, as well as the state's only full-line food warehouse and distribution center, and in addition operates Alaska's largest freight company. Annual revenues in 1994 were $577.1 million.

CONTACT: Don Anderson

Senior Vice President and CFO 

Carr Gottstein Foods Co.

[phone]

or

Mary Ann Dunnell

Robinson Lerer Sawyer Miller

[phone]