Inactive Instrument

Wm Morrison Supermarkets

Equities

MRW

GB0006043169

WM Morrison Supermarkets : Morrisons sells its stake in Fresh Direct

August 16, 2016 at 11:05 am EDT

News Release

16th August 2016

Morrisons sells its stake in Fresh Direct

Morrisons announced in March 2014 that it would dispose of its investment in US online food retailer Fresh Direct at an appropriate time.

Morrisons has completed the sale of its 10% stake in Fresh Direct for £45m in cash. This represents a premium of £14m to the £31m holding value of the equity investment.

- Ends -

Enquiries:

Wm Morrison Supermarkets plc

Andrew Kasoulis	Investor Relations	0778 534 3515
Julian Bailey	Media Relations	0796 906 1092

Citigate Dewe Rogerson

Simon Rigby	Media Relations	0207 282 2847
Kevin Smith	Media Relations	0207 282 1054

William Morrison Supermarkets plc published this content on 16 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2016 15:05:02 UTC.

Original documenthttp://otp.investis.com/clients/uk/morrison/rns/regulatory-story.aspx?cid=623&newsid=774448

Public permalinkhttp://www.publicnow.com/view/35FB922E44F89FF5D71C5B64A6FF4FDFA7616AD6

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Company Profile

Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company's brands include Naturally Wonky, Free From, Nutmeg, Home Cook, V Taste and Little Kitchen. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers. Its Morrisons branded beef, lamb, pork, chicken, milk and eggs are sourced in the United Kingdom. The Company serves customers across the United Kingdom through approximately 497 stores and an online home delivery service. The Company operates over seven regional distribution centers and one national distribution center. Its subsidiaries include Bos Brothers Fruit and Vegetables B.V., Chippindale Foods Limited, Safeway Stores Limited, Erith Pier Company Limited, Firsdell Limited, Kiddicare Properties Limited, Neerock Farming Limited, Neerock Limited and Rathbone Kear Limited.

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