00 Ahold ANNUAL REPORT 2002 15 BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS On June 19, Ahold announced its proposal to nominate Hannu Ryöppönen as company Chief Financial Officer. On June 25, Tops Markets President and CEO, Frank Curci, tendered his resignation. On June 30, the audited 2002 financial report for Stop Shop was provided to Ahold's banking syndicate. On July 1, Ahold announced that all of the ongoing internal forensic accounting investigations at Ahold, its subsidiaries and its joint ventures were completed. The forensic accountants identified an additional approximately EUR 73 million of intentional accounting irregularities related to improper purchase accounting. On July 3, Ahold announced the appointment of Joost Sliepenbeek as Senior Vice President and Controller. On July 7, Ahold announced that the Public Prosecutor in Amsterdam is conducting a criminal investigation regarding Ahold. On August 8, Ahold obtained an extension of the deadline for delivery of audited, consolidated financial statements for 2002 to September 30, 2003. Accounting adjustments required as a result of forensic investigations and as a result of the audit were taking longer than expected. On August28, Ahold announced its proposal to nominate Peter Wakkie as Chief Corporate Governance Counsel and member of the Corporate Executive Board, effective October 15, 2003. On September 4, Ahold published financial information for Albert Heijn and Stop Shop for fiscal years 2000 - 2002. On the same day, a General Meeting of Shareholders was held. Shareholders appointed Anders Moberg and Hannu Ryöppönen to the Corporate Executive Board. On September 17, Ahold Supervisory Board announced changes to its composition: Chairman Henny de Ruiter to resign at the next shareholders' meeting and Karel Vuursteen to succeed Mr. De Ruiter. Further changes were to come. On the same day, Ahold CEO Anders Moberg announced his agreement to adjust his remuneration package in response to public debate on the subject. On October2, Ahold announced its audited, financial position as per December 29, 2002 and the results for the year then ended. On October 14, Ahold appointed Lawrence S. Benjamin as Chief Executive Officer at U.S. Foodservice. On October 17, Ahold announced the filing of its Annual Report 2002 on Form 20-F with the U.S. Securities and Exchange Commission.

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