Village Super Market, Inc. Declares Stock Split and Increased Dividend

• Press Release
• Source: Village Super Market, Inc.
• On 3:00 pm EST, Friday December 5, 2008

SPRINGFIELD, N.J., Dec. 5, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of Village Super Market, Inc. (NasdaqGS:VLGEA - News) declared a two-for-one stock split and a 12% increase in the quarterly cash dividend. The increased quarterly cash dividends are $.185 per Class A common share and $.12 per Class B common share. These dividends are adjusted for the two-for-one stock split. The stock split and dividends will be payable on January 22, 2009 to shareholders of record at the close of business on December 29, 2008.

Village Super Market operates a chain of 25 supermarkets under the ShopRite name in New Jersey and eastern Pennsylvania.

          Village Super Market, Inc.
          Kevin Begley, CFO
          (973) 467-2200, Ext. 220
          Kevin.Begley@wakefern.com