Supplemental Presentation on UNFI’s Pending Supervalu Acquisition

4 Combination Creates Compelling Value for Customers and Shareholders unfi united natural foods + SUPERVALU 1 2 4 Delivers Significant Synergies Creates run-rate cost synergy opportunity of more than $175 million, with ~95% of synergies expected to be achieved by year 3; more than $185 million in cost synergies by year 4. 3 Expands Market Reach and Scale Wider geographic reach and greater scale is expected to increase efficiencies and effectiveness across new and existing customers and capture a greater share of industry growth. 5 Diversifies Customer Base Expands customer base and increases distribution opportunities across channels, including those where demand for "better for you" products is accelerating and UNFI is under-represented Enhances Technology, Capacity and Systems Leverages scalable systems which provide opportunity to streamline processes, more efficiently meet the needs of customers and significantly reduce future capital expenditures. Enables Cross-Selling Opportunities Delivers comprehensive and expanded offerings - including high-growth perimeter categories such as meat and produce - to UNFI's natural and organic products, and a more robust "better for you" product offering to Supervalu. unfi united natural foods

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