GRAND UNION GIVES DETAILS ON VARIOUS EXCHANGE OFFERS

WAYNE, N.J. -- Grand Union Co. here last week disclosed details of the exchange offers for its various pre-reorganization securities. The face value of Grand Union's 11.25% senior notes due 2000 and 11.375% senior notes due 1999 will be exchanged for 12% senior notes, due Sept. 1, 2004, in a principal amount equal to approximately 113.7% and 112.8%, respectively, of the face value of the old notes.

spectively, of new common stock. Holders of Series 1 and 2 senior subordinated zero coupon notes in Grand Union Capital may exchange them for warrants worth 8% and 1.6% of their original notes, respectively, per $1,000 face amount.