PTMK Pathmark Stores (MM)

As previously announced, Kenneth Martindale joined Pathmark Stores, Inc. (Nasdaq: PTMK) as a Co-President and Chief Merchandising and Marketing Officer, effective January 1, 2006 (the "Effective Date"). On January 1, 2006, pursuant to award agreements dated December 14, 2005, Pathmark granted Mr. Martindale an option to purchase an aggregate of 500,000 shares of Pathmark common stock at an exercise price of $9.99 per share (the closing price of Pathmark common stock on the last business day before the Effective Date), and an award of restricted stock consisting of 200,000 restricted shares of Pathmark's common stock. The option will vest and become exercisable in three annual installments beginning on the first anniversary of the Effective Date, and the restricted stock will vest in twelve quarterly installments beginning on March 31, 2006 and each June 30th, September 30th, December 31st and March 31st thereafter, until the award shares are fully vested. Pathmark is a regional supermarket chain currently operating 141 supermarkets primarily in the New York - New Jersey and Philadelphia metropolitan areas. Additional information about Pathmark may be found at its website, www.pathmark.com. This press release contains certain "forward-looking statements" that are subject to risks and uncertainties and could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Factors that may affect results include changes in business and economic conditions generally and in the Company's operating areas, the competitive environment in which the Company operates and other risks detailed from time to time in the Company's reports and filings available from the Securities and Exchange Commission.