ZAANDAM, Netherlands, Oct. 13, 2004 (PRIMEZONE) -- The United States Securities and Exchange Commission ("SEC") announced today that it had reached a final settlement with Ahold. As reflected in the SEC's Complaint and Litigation Release, Ahold cooperated fully with the SEC in its investigation and has undertaken significant remedial actions in connection with the issues that were investigated. Ahold will continue to cooperate fully with the SEC and other authorities. This settlement completely resolves the SEC's investigation of Ahold and its various operating companies, including its U.S. Foodservice subsidiary.
Peter Wakkie, Ahold's Chief Corporate Governance Counsel and member of the Executive Board, commented in relation to the SEC announcement: "Ahold has worked very hard over the past two years to improve its systems and controls and implement other remedial measures to prevent any recurrence of these unfortunate events. Ahold has taken these matters very seriously and has cooperated fully with the regulatory authorities. The conclusion of the SEC's investigation into Ahold represents another significant step for Ahold's "Road to Recovery" and continuing our efforts to regain and maintain the confidence and trust of our shareholders, customers and employees."