Kroger Mergers and Acquisitions Presentation Deck

Significant Synergy Opportunities ~$1B estimated annual run-rate synergies net of divestitures within first four years post-close Kroger Albertsons Companies ~50% achieved within first two years post-close ✓ Sourcing & Goods Not For Resale ✓ Technology Supply Chain & Manufacturing General & Administrative Costs 19

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