Ahold successfully launches CZK 3 billion notes to further grow in Czech Republic

Zaandam, The Netherlands, August 23, 2000: Royal Ahold, the international food provider, today through ING Barings as the bookrunner, successfully launched an issue of Czech Koruna denominated Floating Rate Notes (“FRNs”) in the Czech capital market. The issue is Ahold’s debut in the Czech domestic market.

The FRNs are issued in the aggregate nominal value of CZK 3,000,000,000 (approximately
Euro 80 million), are due five years after the issue date, and bear a variable coupon of 6-month PRIBOR plus 0.28% p.a., payable semi-annually in arrears. The interest rate for the first interest period is fixed at 5.72% p.a. The issue date is September 14, 2000 and the issue price is 100%.

The proceeds of this transaction will be used to refinance existing facilities and contribute to the future growth of Ahold in the Czech Republic. The notes were placed among a wide spectrum of domestic investors and banks.

Ahold operates more than 180 stores in the Czech Republic with annual sales exceeding Euro 500 million. Formats include the prominent Albert supermarkets, the Prima mini-hypermarkets and the Hypernova hypermarkets. Ahold is expanding these successful formats into neighboring Slovakia.

Royal Ahold operates approximately 7,000 supermarkets, hypermarkets and other store formats in the United States, Europe, Latin America and Asia with annualized sales approaching
Euro 50 billion. The company is also developing significant experience in the foodservice industry and as an e-commerce player. Ahold employs over 350,000 associates and serves the food needs of over 30 million loyal customers in 23 countries every week.