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 INCREASED DIVIDEND Contact: Kevin Begley, CFO (973) 467-2200, Ext. 220 Springfield, New Jersey - June 16, 2006 - The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared a quarterly cash dividend of $.25 per Class A common share and $.163 per Class B Common share. These dividends represent a 19% increase from the prior dividend. These dividends will be payable on July 27, 2006 to shareholders of record at the close of business on June 30, 2006. Village Super Market operates a chain of 23 supermarkets under the ShopRite name in New Jersey and eastern Pennsylvania.