36 List of subsidiaries, joint ventures and associates Ahold Annual Report 2011 Group at a glance^^^^^^^^H Performance (Sovernance Notes to the consolidated financial statements continued Investors The following are Ahold's significant subsidiaries, joint ventures, and associates as of January 1, 2012: Consolidated subsidiaries Unless otherwise indicated, these are, directly or indirectly, wholly or virtually wholly-owned subsidiaries. Subsidiaries not important to providing an insight into the Ahold Group as required under Dutch law are omitted from this list. With respect to the separate financial statements of the Dutch legal entities included in the consolidation, the Company availed itself of the exemption laid down in section 403, subsection 1 of Book 2 of the Netherlands Civil Code. Pursuant to said section 403, Ahold has assumed joint and several liabilities for the debts arising out of the legal acts of a number of subsidiaries in the Netherlands, which form part of the consolidation. The names of the subsidiaries for which Ahold has issued 403 declarations are open for inspection at the trade register as managed by the Netherlands Chamber of Commerce. Retail trade Europe Albert Heijn B.V., Zaandam, the Netherlands Albert Heijn Franchising B.V., Zaandam, the Netherlands Gall Gall B.V., Zaandam, the Netherlands Etos B.V., Zaandam, the Netherlands AHOLD Czech Republic, a.s., Prague, Czech Republic AHOLD Retail Slovakia, k.s., Bratislava, Slovak Republic Albert Heijn België N.V, Antwerp, Belgium Ahold Germany GmbH, Düsseldorf, Germany Retail trade United States The Stop Shop Supermarket Company LLC, Boston, Massachusetts Giant Food Stores, LLC, Carlisle, Pennsylvania Giant of Maryland LLC, Landover, Maryland Peapod, LLC, Skokie, Illinois Other Ahold Coffee Company B.V., Zaandam, the Netherlands Ahold Nederland B.V., Amsterdam, the Netherlands Ahold Europe Real Estate Construction B.V., Zaandam, the Netherlands Ahold Finance U.S.A., LLC, Amsterdam, the Netherlands Ahold Financial Services, LLC, Carlisle, Pennsylvania, United States Ahold Information Services, Inc., Greenville, South Carolina, United States Ahold International Sarl, Zug, Switzerland Ahold Lease U.S.A., Inc., Boston, Massachusetts, United States Ahold Licensing Sarl, Geneva, Switzerland Ahold Tsjechië B.V., Zaandam, the Netherlands Ahold U.S.A., Inc., Boston, Massachusetts, United States American Sales Company, LLC, Lancaster, New York, United States MAC Risk Management, Inc., Canton, Massachusetts, United States The MollyAnna Company, Montpelier, Vermont, United States Ahold Insurance N.V., Willemstad, Curasao Ahold Finance Company N.V., Curasao - Geneva branch, Geneva, Switzerland Ahold Finance Company N.V., Curasao - Zurich branch, Zurich, Switzerland Joint ventures and associates (unconsolidated) ICA AB, Stockholm, Sweden (60 percent owned by Ahold's indirect subsidiary Ahold JV B.V.) JMR - Gestao de Empresas de Retalho, SGPS, S.A., Lisbon, Portugal (49 percent owned by Ahold's subsidiary Ahold International Sarl) Jerónimo Martins Retail Services S.A., Klosters, Switzerland (49 percent owned by Ahold's subsidiary Ahold International Sarl)

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