April 23, 2008 02:14 ET

Ahold sells majority interest in Schuitema to CVC

AMSTERDAM, NETHERLANDS--(Marketwire - April 23, 2008) -

Amsterdam, the Netherlands - Ahold today announced that it has reached agreement on the sale of its 73.2% interest in Schuitema N.V. to private equity firm CVC Capital Partners. As part of the transaction, Ahold will obtain a 20% indirect interest in Schuitema without supervisory board representation. The enterprise value for 100% of Schuitema N.V. on which the sale has been based, is EUR 950 million. The consideration for the total transaction consists of 58 stores, real estate, and a cash amount of approximately EUR 185 million.

The closing of the transaction is subject to certain customary conditions and is expected to take place in the second half of the year. The acquired stores will be converted into Albert Heijn stores. The transfer of the stores from Schuitema to Albert Heijn will take place in several tranches, and is expected to start at closing and conclude before year end.

Ahold Press Office: +31 (0)20 509 5291

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 Ahold's obtaining an indirect interest in Schuitema, the consideration for the total transaction including but not limited to 58 stores, the closing of the transaction, 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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