MONTVALE, N.J. - (March 14) - The Great Atlantic & Pacific Tea Company (A&P) (NYSE:GAP) today announced an agreement to sell eight stores in northern New England to GU Family Markets. Completion of the transaction is subject to customary conditions and reviews.

The Company said that when completed, the transaction will conclude A&P's previously announced divestiture of operations in northern New England.

Founded in 1859, A&P was one of the nation's first supermarket chains, and is today one of North America's largest. The Company currently operates approximately 690 stores in 15 states, the District of Columbia and Ontario, Canada under the following trade names: A&P, Waldbaum's, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Kohl's, Sav-A-Center, Dominion, The Barn Markets, Food Basics and Ultra Food & Drug. The Company also manufactures and distributes the Eight O'Clock line of whole bean coffees.

For Financial Questions Contact William Moss,
Vice President, Treasurer
201-571-4019

For Non-Financial Questions Contact Richard DeSanta
Vice President, Corporate Affairs
201-571-4495

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