The Great Atlantic & Pacific Tea Company, Inc. Announces Pricing of $260 Million 11.375% Senior Secured Notes due 2015

MONTVALE, N.J.--(Business Wire)--
The Great Atlantic & Pacific Tea Company, Inc. (A&P or the Company) (NYSE:GAP)
today announced the pricing for the offering of its $260 million in aggregate
principal amount of 11.375 % senior secured notes due 2015 (the "Notes"). The
Notes will be second lien secured obligations of A&P, guaranteed by all of A&P`s
domestic subsidiaries. The Notes will be sold at a price equal to 97.385% of
their face value, with an effective yield of 12%, and will bear interest at a
fixed rate payable semi-annually in cash. The offering is expected to close on
August 4, 2009, subject to the satisfaction or waiver of customary closing
conditions. In addition, the offering is contingent upon the consummation of the
Company`s issuance of $175 million of 8.0% convertible preferred stock to
affiliates of The Yucaipa Companies, LLC and to affiliates of the Company`s
largest shareholder Tengelmann Warenhandelsgesellschaft KG.

The Company intends to use the net proceeds of the Notes offering to repay a
portion of outstanding borrowings under its existing credit facility and for
general corporate purposes.

The Notes are being offered only to qualified institutional buyers in reliance
on Rule 144A under the Securities Act of 1933, as amended (the "Securities
Act"), and outside the United States, only to non-U.S. investors pursuant to
Regulation S. The Notes have not been registered under the Securities Act or the
securities laws of any other jurisdiction and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities. Any offers of the Notes will be made only by means
of a private offering memorandum.

Forward-looking Statements

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements included herein, other than statements of
historical fact, may constitute forward-looking statements. Although the Company
believes that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove to be
correct. These forward-looking statements are subject to uncertainties and other
factors that could cause actual results to differ materially from such
statements. These uncertainties and factors are disclosed in the risk factors
contained in the Company`s Quarterly Report on Form 10-Q for the quarter ended
June 20, 2009, filed with the Securities and Exchange Commission on July 23,
2009. All forward-looking statements are expressly qualified in their entirety
by such factors.

About The Great Atlantic & Pacific Tea Company, Inc.

Founded in 1859, A&P is one of the nation`s first supermarket chains. The
Company operates 435 stores in 8 states and the District of Columbia under the
following trade names: A&P, Waldbaum`s, Pathmark, Pathmark Sav-a-Center, Best
Cellars, The Food Emporium, Super Foodmart, Super Fresh and Food Basics.

Management undertakes no obligation to correct or update any forward-looking
statements, whether as a result of new information, future events, or otherwise.
Persons are advised, however, to consult any further disclosures management
makes on related subjects in its reports filed with the SEC and in its press
releases.

The Great Atlantic & Pacific Tea Company, Inc.
Investors:
William J. Moss, 201-571-4019
Vice President, Treasurer
or
Press:
Lauren La Bruno, 201-571-4495
Senior Director, Public Relations

Copyright Business Wire 2009