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 12% DIVIDEND INCREASE Contact: Kevin Begley, CFO (973) 467-2200, Ext. 220 Kevin.Begley@wakefern.com Springfield, New Jersey - December 7, 2007 - The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared a 12% increase in the quarterly cash dividend. The increased quarterly cash dividend is $.28 per Class A common share and $.182 per Class B common share. The dividends will be payable on January 24, 2008 to shareholders of record at the close of business on December 27, 2007. Village Super Market operates a chain of 25 supermarkets under the ShopRite name in New Jersey and eastern Pennsylvania.