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 17% DIVIDEND INCREASE Contact: Kevin Begley, CFO (973) 467-2200, Ext. 220 Kevin.Begley@wakefern.com Springfield, New Jersey - June 29, 2007 - The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared a 17% increase in the quarterly cash dividend. The increased quarterly cash dividend is $.21 per Class A common share and $.137 per Class B common share. The dividends will be payable on July 26, 2007 to shareholders of record at the close of business on July 12, 2007. Village Super Market operates a chain of 23 supermarkets under the ShopRite name in New Jersey and eastern Pennsylvania.