Kimco to Participate in SUPERVALU Transaction

Thu Jan 10, 2013 9:08am EST

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NEW HYDE PARK, N.Y.--(Business Wire)--
Kimco Realty Corp. (NYSE:KIM), the nation`s largest owner and operator of
neighborhood and community shopping centers, announced that it is a participant
in the transaction reported earlier today by SUPERVALU INC. (NYSE:SVU) through
its investment in a consortium led by Cerberus Capital Management, L.P. The
company will hold an interest of approximately 15 percent in this investment
group that originally acquired a portion of Albertsons, Inc. in 2006. Kimco
anticipates funding its investment of up to $76.5 million from existing cash
balances, existing credit facilities and cash from operations. 

Commenting on the transaction, Kimco CEO Dave Henry said, "We are excited about
adding to our successful investment in Albertsons which will reunite all of the
Albertsons stores, and expand the proven management skills of Bob Miller and his
team to the other SUPERVALU brands and operations." 

ABOUT KIMCO

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, N.Y., that owns and operates North America`s
largest portfolio of neighborhood and community shopping centers. As of Sept.
30, 2012, the company owned interests in 922 shopping centers comprising 135
million square feet of leasable space across 44 states, Puerto Rico, Canada,
Mexico and South America. Publicly traded on the NYSE since 1991, and included
in the S&P 500 Index, the company has specialized in shopping center
acquisition, development and management for more than 50 years. For further
information, please visit www.kimcorealty.com, the company`s blog at
blog.kimcorealty.com, or follow Kimco on Twitter at
www.twitter.com/kimcorealty.

David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

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