I I Highlights Royal Ahold 5 5 s s s s s s s s s s NIG 70 - Share price range 50 - 40- 0 1991 1992 1993 1994 1995 Earnings per share 1991 1992 1993 1994 1995 Retained earnings m Dividends Cash flow per share 1991 1992 1993 1994 1995 Depreciation Earnings after income tax Outside The Netherlands the company presents itself under the name of Royal Ahold or simply Ahold. For reader convenience, Royal Ahold or Ahold are also used throughout the financial statements. The registered name of the company is Koninklijke Ahold nv. (Amounts in NLG millions except where specified) 1995 1995 1994 Sales The Netherlands 14,333 14,017 Other European countries 1,907 1,514 United States 8,336 7,427 Total 18,482 29,617 29,010 Operating results The Netherlands 437 389 Other European countries 122 90 United States 222 188 Total 571 915 819 As a percentage of sales 3.09 2.82 Net earnings dotal 285 457 410 As a percentage of sales 1.54 1.41 Depreciation 399 640 621 Cash flow 706 1,132 1,054 Investments in tangible fixed assets 720 1,154 927 Total assets 5,769 9,246 8,713 Capital accounts 1,699 2,723 2,708 Capital accounts/total assets 0.29 0.31 Interest bearing debt 1,852 2,968 2,851 Current assets/current liabilities 0.82 0.94 Number of employees At year end 139,839 127,796 Average 132,450 125,207 Full-time equivalents, average 84,438 79,993 Salaries and benefits The Netherlands 1,600 1,635 Other European countries 154 118 United States 1,122 985 Total 2,218 3,555 3,541 Number of shares outstanding at year end 124,208,459 120,143,985 Data per common share Stockholders' equity 11.26 NLG 18.05 NLG 18.38 Earnings 2.33 NLG 3.74 NLG 3.44 Cash flow 5.79 NLG 9.28 NLG 8.86 Share price at year end 40.87 NLG 65.50 NLG 53.41 Price/earnings ratio 18 16 Dividends Interim NLG 0.24+S0.11 NLG 0.19+S 0.08 Final NLG 0.65+$0.25 NLG 0.58+50.22 Total The dollarfigures in this column are translated for reader convenience from the underlying guilder figures at NLG 1.6025per USD NLG 0.89+50.36 NIG 0.77+5 0.30 4 Excluding NLG121 million (1994: NLG134 million) capital leases Cash and/or share dividend Annual Report 1995 Royal Ahold 1

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