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New Seasons Market and New Leaf Community Markets close merger with Good Food Holdings

West Coast neighborhood grocers New Seasons Market BB #:176908 and New Leaf Community Markets announced that they have closed the transaction to merge with Good Food Holdings.

As previously announced, New Seasons Market and New Leaf Community Markets will continue to operate independently as part of Good Food Holdings’ portfolio of companies and as certified B Corporations, with a commitment to the companies’ mission and values. Forrest Hoffmaster and the current local leadership team will continue to lead the organizations, maintaining the companies’ independent operations, company culture, vendor partners and commitment to support the community. Additionally, Hoffmaster will serve on the Good Food Holdings board of directors, and a new mission advisory council chartered with ensuring continuity of the companies’ social and community benefit, will provide guidance to the board of directors and company leadership.

“We are proud to join the Good Food Holdings family as we have a shared commitment to building community through good food,” said Forrest Hoffmaster, New Seasons Market and New Leaf Community Markets chief executive officer. “This partnership ensures our longevity as a community cornerstone, and enables us to continue to invest in our neighborhoods and staff, inspire environmental stewardship and champion the local food economy.”

About New Seasons Market

New Seasons Market is a friendly neighborhood grocery store that believes great-tasting, local food has the power to build community and enhance lives. From taking care of our staff, partners, neighborhoods and the environment, to growing a sustainable business, we’re doing what we love with a commitment to cultivate a strong community centered around food. Founded in 2000 by three families and 50 friends in Portland, OR, we’re now a team of nearly 4,000 passionate staff across 20 stores in Oregon, Washington and Northern California— serving a unique mix of locally sourced and organic items, classic grocery favorites, and chef-made grab and go meal solutions. We’re proud of our progressive values—from offering industry-leading compensation and benefits, to committing 10 percent of our after-tax profits to the communities we serve. For more information, visit www.newseasonsmarket.com.

About New Leaf Community Markets

An organic and natural grocer with five stores along the Central Coast, New Leaf Community Markets has been serving the community for 34 years. New Leaf is committed to offering customers foods and products that have the most beneficial impact on their health and the health of the environment. Helping customers make informed decisions is an integral part of this commitment. A wholly owned subsidiary of New Seasons Market since November 2013, New Leaf Community Markets is the first grocer in California to achieve B Corporation certification, which means that New Leaf uses the power of business to solve social and economic problems. New Leaf’s mission, to nourish and sustain our community, is reflected in the 10 percent of profits given annually to support local nonprofits working to improve the quality of life. Connect at: www.newleaf.com. 2

About Good Food Holdings

Good Food Holdings is the holding company for three preeminent and enduring food retailing brands: Bristol Farms, Metropolitan Market, and Lazy Acres Natural Market. Each brand has its own leadership team, company culture, operating philosophy, and go-to market strategy. Each brand is the leader in their respective market in offering the most unique item assortments, highest quality meat, seafood, and bakery items, as well as the broadest assortment of quality and organic produce available. Each brand also has a broad and high-quality offering of prepared foods. Good Food Holdings is a subsidiary of Emart, which is a part of The Shinsegae Group, a leading global retailer in Seoul, South Korea.

Media Contact: New Seasons Market PR Team, media@newseasonsmarket.com