In this paper, investigation of the softening behaviour of a supersaturated Al-Mn-Fe-Si alloy during annealing after cold rolling has been carried out. Two different homogenization conditions were considered, of which one gives a condition of a large amount of small pre-existing dispersoids, i.e. providing a significant static Zener drag, while the other gives a condition where both concurrent precipitation and dispersoid drag effects are limited. The homogenized samples with different microchemistry states were then cold-rolled to different strains before subsequent annealing at 300 degrees C. The softening and concurrent precipitation behaviours have been monitored by hardness and electrical conductivity measurements respectively, and the microstructural evolution has been characterized by EBSD. It is clearly demonstrated that the actual microchemistry state, i.e. amount of solutes and second-phase particle structures as determined by the homogenization procedure strongly influence the softening behaviour where a fine dispersion of pre-existing dispersoids together with concurrent precipitation slow down the recrystallization kinetics considerably and give a very coarse and elongated grain structure.