Ahold announces plans to upgrade 100 Giant Food supermarkets in the United States

Amsterdam, the Netherlands - Ahold today announced a major three-year investment plan to remodel or replace approximately 100 Giant Food supermarkets in Delaware, Maryland, Virginia, and Washington DC. The store remodeling program, named "Project Refresh", will represent Ahold's largest investment in the Giant Food stores since acquiring the chain in 1998. José Alvarez, President and CEO of Stop & Shop/Giant-Landover, said today "We are very excited about what this investment will bring to our Giant customers, employees and local communities. The remodeling program underscores our commitment to continuing to be the supermarket of choice in these markets." The investment will focus on improving Giant's perishable food sections and modernizing the stores to improve customer convenience. Giant expects to keep its existing stores open during the remodeling process. Giant Food is headquartered in Landover, Maryland, operates 185 supermarkets in Virginia, Maryland, Delaware, and Washington DC, and employs approximately 21,000 employees. Ahold Press Office: +31 (0)20 509 5343 Forward-looking statements notice Certain statements in this press release are "forward-looking statements" within the meaning of the U.S. federal securities laws. Ahold intends that these statements be covered by the safe harbors created under these laws. These forward-looking statements include, but are not limited to, statements as to the expected store remodeling program regarding Giant Food supermarkets, the expected timing of the remodeling program, the expected number of Giant Food stores involved in the remodeling program, the expected impact on Giant customers, the expected focus of the remodeling program on perishable food sections and customer convenience and the expectation to keep stores open during the remodeling program. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements, including, but not limited to, Ahold's ability to implement and complete successfully its plans and strategies, the benefits from and resources generated by Ahold's plans and strategies being less than or different from those anticipated, changes in Ahold's liquidity needs, the actions of competitors and third parties and other factors, some of which are discussed in Ahold's public filings. Many of these factors are beyond Ahold's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Ahold does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release, except as may be required by applicable securities law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of "Royal Ahold" or simply "Ahold."