KROGER FILES FORM 10-K FOR FISCAL 2000

CINCINNATI, OH, May 2, 2001 - The Kroger Co. (NYSE: KR) today announced that it has filed its Form 10-K for fiscal 2000 with the Securities and Exchange Commission.

The restated results for fiscal 1998, 1999 and the first half of 2000 are unchanged from those announced in March. The filing also includes an unqualified audit opinion from PricewaterhouseCoopers LLP for fiscal 1998, 1999 and 2000.

Kroger will host a conference call with investors on Thursday, May 3, at 10 a.m. (EST) to review the restated financials. To access the conference call, investors in the United States and Canada may call (800) 932-9726 and international callers may dial (706) 679-3317. The conference call also will be broadcast live via the Internet at www.kroger.com and www.streetevents.com. An on-demand replay of the webcast will be available from 2 p.m. (EST) on May 3, 2001 through May 10, 2001.

Headquartered in Cincinnati, Ohio, Kroger is one of the nation's largest retail grocery chains. At the end of the fourth quarter, the Company operated 2,354 supermarkets and multi-department stores in 31 states under nearly two dozen banners, including Kroger, Fred Meyer, Ralphs, Smith's, King Soopers, Dillon, Fry's, City Market, Food 4 Less and Quality Food Centers. Kroger also operates 789 convenience stores, 398 fine jewelry stores, 77 supermarket fuel centers and 42 food processing plants.

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