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RICHFOOD ANNOUNCES TWO-FOR-ONE STOCK SPLIT AND INCREASE IN DIVIDEND

 RICHMOND, Va., Aug. 26 /PRNewswire/ -- Richfood Holdings, Inc. (NASDAQ-NMS: RCHF), announced today that its Board of Directors has declared a two-for-one split of the Company's Common Stock. The additional shares issuable in the split will be distributed on Sept. 30, 1993, to shareholders of record on Sept. 15, 1993.
 At the same meeting, Richfood's Board of Directors declared a cash dividend of $0.04 per old share (equivalent to $0.02 per share after the two-for-one split) payable on Sept. 30, 1993, to shareholders of record on Sept. 15, 1993. The dividend represents a 14 percent increase from the previous quarterly dividend paid in July.
 Donald D. Bennett, President and Chief Executive Officer of Richfood, said: "The purpose of the two-for-one split is to broaden public interest in Richfood's stock, increase the number of shareholders and make shares more available for purchase and sale. The Board's decision to increase the quarterly dividend reflects increased earnings in fiscal 1993 and the Board's continued confidence in the Company's results."
 At present there are 10,616,194 shares of Richfood Common Stock outstanding. After the split, there will be issued and outstanding 21,232,388 shares.
 Richfood Holdings, Inc., is the largest wholesale food distributor in its mid-Atlantic operating region and the 11th largest in the United States. The Company sells a complete selection of national brand and private label groceries, frozen foods, meat, produce, dairy, bakery and delicatessen products to approximately 450 customers that operate approximately 750 retail supermarkets in Virginia, Maryland, North Carolina, Delaware, West Virginia and the District of Columbia.
 -0- 8/26/93
 /CONTACT: John E. Stokely, Senior Vice President, Finance, Richfood Holdings, Inc., 804-746-6381/


CO: Richfood Holdings, Inc. ST: Virginia IN: SU: DIV

MH-TW -- DC003 -- 6032 08/26/93 09:16 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
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