EXHIBIT 99.11 CONSENT FROM MERRILL LYNCH & CO. May 3, 1999 Martin A. Lynch Executive Vice President and Chief Financial Officer Smart & Final Inc. 600 Citadel Drive Commerce, California 90046 Gentlemen: As financial advisors to the Special Committee of the Board of Directors of Smart & Final Inc. (the "Special Committee"), we hereby consent to all references to our firm as financial advisor to the Special Committee included in this registration statement. Very truly yours, MERRILL LYNCH & CO. MERRILL LYNCH, PIERCE, FENNER & SMITH, INCORPORATED By: /s/ Mark Vander Ploeg ------------------------------------ Name: Mark Vander Ploeg Title: Managing Director Investment Banking Group