CONTACT: Michael Shapiro Senior Vice President Chief Financial Officer (732) 294-2270 FOR IMMEDIATE RELEASE FOODARAMA SUPERMARKETS, INC. ANNOUNCES CHANGE IN TIME OF ANNUAL MEETING OF SHAREHOLDERS Freehold, N.J., April 19, 2002 - Foodarama Supermarkets, Inc. (ASE-FSM) (the "Company" or "Foodarama") announced today that it has changed the time of its Annual Meeting of Shareholders from 10:30 a.m. to 2:00 p.m., local time. The date and place for the meeting remains the same. The Company's Annual Meeting of Shareholders will be held on Wednesday, May 8, 2002 at 2:00 p.m., local time, at the offices of the Company, 922 Highway 33, Building 6, Suite 1, Howell, New Jersey 07731. The Company also announced that it has mailed to its shareholders a supplement to its Proxy Statement which contains information regarding certain recent developments in the Company, including the repurchase of certain shares of its Common Stock subsequent to the record date for the Annual Meeting of Shareholders as well as the filing of a shareholders derivative action against the Company, as nominal defendant, and the members of the Board. Foodarama Supermarkets, Inc. is a New Jersey corporation formed in 1958 and operates a chain of twenty-two supermarkets in Central New Jersey, as well as two liquor stores and two garden centers, all licensed as Shop-Rite. -------------------------------------------------------------------------------- Certain information included in this press release and other Company filings (collectively, the "SEC filings") under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (as well as information communicated orally or in writing between the dates of such SEC filings) contains or may contain forward looking information that is subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from expected results. --------------------------------------------------------------------------------