VILLAGE SUPER MARKET, INC. EXECUTIVE OFFICES 733 Mountain Avenue Springfield, New Jersey 07081 Phone: (973) 467-2200 Fax: (973) 467-6582 VILLAGE SUPER MARKET, INC. DECLARES STOCK SPLIT AND INCREASED DIVIDEND Contact: Kevin Begley, CFO (973) 467-2200, Ext. 220 Kevin.Begley@wakefern.com Springfield, New Jersey - March 21, 2007 - The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared a two-for-one stock split and a 12.5% increase in the quarterly cash dividend. The increased quarterly cash dividends are $.18 per Class A common share and $.117 per Class B common share. These dividends are adjusted for the two-for-one stock split. The stock split and dividends will be payable on April 26, 2007 to shareholders of record at the close of business on April 6, 2007. Village Super Market operates a chain of 23 supermarkets under the ShopRite name in New Jersey and eastern Pennsylvania.