Czech Republic €1.8 billion (0.5)% 1.5% 49% €3.7 billion 401 331 aibcrt 10 331 13,000 albert JMR Our brands and how we operate (continued) EH Joint venture - JMR SUPERMARKET Ahold at a glance Business review I Governance Financials Investors Ahold Annual Report 2015 Net sales Identical sales growth (excluding gasoline) Underlying operating margin Stores Associates Ahold holds 49% of the shares in the joint venture JMR, and shares equal voting power on JMR's board of directors with Jerónimo Martins, SGPS, S.A. Stake Net sales Pingo Doce is the largest supermarket chain in Portugal, and is managed by JMR. Stores Albert is the largest retail brand in the Czech Republic. Store formats Compact hypers and supermarkets. Stores

Jaarverslagen | 2015 | | pagina 22