Zaandam, The Netherlands, March 26, 2003 - In light of the ongoing investigations at Ahold, and in keeping with the company's intent to cooperate with all regulatory authorities, Ahold has decided to undertake a further review of certain transactions and related matters at its Argentine subsidiary Disco. The decision is also intended to ensure that Disco's books and records are in compliance with all applicable regulations.
Disco has requested from the Buenos Aires Stock Exchange (Bolsa) and the Argentine Securities Regulatory Authority (CNV) a further extension to May 12, 2003, of Disco's 2002 financial statement filing deadline.
As reported on February 27, 2003, the results of the initial investigation into transaction irregularities conducted by Ahold showed that there was no material adverse impact on Ahold's financial results. The company has no reason to believe at this time that this further review will alter this finding.
