Properties Ahold Annual Report 2010 Group performance continued Group at a glance Governance Fi nancials Investors At the end of 2010, we operated 2,970 stores, a net increase of 61 stores. Total sales area increased by 3.6 percent to 4.5 million square meters. This includes franchise stores and excludes the stores operated by our joint ventures ICA and JMR. January 2, Opened Closed January 3, 2011 Acquired Sold 2010 Ahold USA 751 40 2 713 The Netherlands1 1,914 38 16 1,892 Other Europe 305 3 2 304 Total 2,970 81 20 2,909 1 The number of stores as of January 2, 2011 includes 1,071 specialty stores (Etos and Gall Gall). Franchisees operated 782 Albert Heijn, Etos, and Gall Gall stores, 465 of which were either owned by the franchisees or leased independently from Ahold. Of the 2,505 stores that Ahold leases or owns, 20 percent were company-owned and 80 percent were leased (67 percent under operating leases and 13 percent under finance leases and financings). Ahold's stores range in size from 20 to over 10,000 square meters: the average sales area of our stores in the United States is approximately 3,800 square meters and in Europe approximately 1,300 square meters (excluding Etos and Gall Gall, which operate much smaller stores). Our leased properties have terms of up to 25 years, with renewal options for additional periods. Store rentals are normally payable on a monthly basis at a stated amount or, in a limited number of cases, at a guaranteed minimum amount plus a percentage of sales over a defined base. We also operated the following other properties as of January 2, 2011: Warehouses distribution centers production facilities offices 66 Properties under construction development 48 Investment properties 725 Total839 Of these other properties, 41 percent were company-owned and 59 percent were leased (52 percent under operating leases and 7 percent under finance leases and financings). The 725 investment properties consist of buildings and land. Virtually all these properties were subleased to third parties. The majority were shopping centers containing one or more Ahold stores and third-party retail units generating rental income. In 2007, Ahold completed a review of its global real estate portfolio. The review concluded that the majority of Ahold's investment properties have strategic importance for operating purposes and will remain in the portfolio; the non-strategic assets were to be sold in subsequent years, with estimated cash proceeds of approximately €100 million. Most of this €100 million was realized in the course of 2008 and by the end of 2010 the program was completed. Capital expenditures Capital expenditures of €1.1 billion in 2010 and €0.8 billion in 2009 were primarily related to the construction, remodeling, and expansion of stores and supply chain infrastructure improvements. In 2010, capital expenditures also included the acquisition and subsequent remodeling of the ^1. I billion Ukrop's and Shaw's stores. Both 2010 and 2009 included significant investments related to Project Refresh, the three-year investment plan announced in October 2007 to remodel or replace approximately 100 Giant Landover stores, which was completed in 2010.

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