Zaandam, The Netherlands, May 13, 2003 - Ahold today announced that the General Meeting of Shareholders has extended the term for preparing the annual accounts and the management report for fiscal year 2002. This extension was adopted on the basis of exceptional circumstances for a period of up to six months. Ahold must present both the annual accounts and the management report on or before November 29, 2003.
As confirmed on April 11, 2003, the company expects to complete the audited consolidated financial statements by June 30, 2003. Meeting this deadline is a requirement under the Ahold credit facility announced on February 24, 2003.
The General Meeting of Shareholders also adopted the other two proposals on the agenda: the appointments of Dudley Eustace to the Corporate Executive Board and Jan Hommen to the Supervisory Board. Eustace has been acting as interim Chief Financial Officer since March 11, 2003. Ahold announced its intention to appoint Jan Hommen, currently Finance Director of Royal Philips, on February 27, 2003.
Henny de Ruiter, Chairman of the Ahold Supervisory Board, announced that 361 shareholders representing approximately 235 million common shares attended the General Meeting in The Hague.
