SOURCE: Ahold NV

June 30, 2008 12:08 ET

Ahold completes sale of majority interest in Schuitema to CVC

AMSTERDAM, NETHERLANDS--(Marketwire - June 30, 2008) - Ahold today announced that it has successfully completed the sale of its 73.2% interest in Schuitema N.V. to private equity firm CVC Capital Partners. This follows the agreement announced on April 23, 2008. As part of the transaction, Ahold obtains stores, real estate, a cash amount and a 20% indirect interest in Schuitema in preference shares, without supervisory board representation.

Stores will be transferred in several tranches and converted to Albert Heijn stores. This process is expected to be completed by the end of 2008.

Cautionary notice

This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements include, but are not limited to, statements as to the conversion of the acquired Schuitema stores into Albert Heijn stores, and the transfer of the stores in tranches. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results included in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold's ability to control or estimate precisely, such as the effect of general economic or political conditions, fluctuations in exchange rates or interest rates, increases or changes in competition, 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 discussed in Ahold's public filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Koninklijke Ahold N.V. - which is its statutory name - does not assume any obligation to update any public information or forward-looking statement in this release to reflect subsequent events or circumstances, except as may be required by applicable securities law.


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Contact Information

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