Zaandam, The Netherlands, April 11, 2003 - The Supervisory Board of Ahold today confirmed it will convene a General Meeting of Shareholders on May 13, 2003.
As provided for under Section 37.2 of the Company's Articles of Association, at the General Meeting the Company will request an extension of the May 29, 2003 deadline for the completion of its annual accounts for fiscal year 2002. The Company will request a six-month extension, although Ahold intends to complete the audited consolidated financial statements by June 30, 2003, as required under its credit facility announced on February 24, 2003. Other items to be voted on include the appointment of Dudley Eustace to the Ahold Corporate Executive Board and the appointment of Jan Hommen to the Ahold Supervisory Board. Dudley Eustace has been acting as interim Chief Financial Officer since March 11, 2003. Ahold announced on February 27, 2003 its intention to appoint Jan Hommen, currently Finance Director of Royal Philips.
The venue for the Ahold shareholders' meeting will be the Fortis Circustheater in The Hague. The meeting will start at 3:00 p.m. CET.
All further details will be announced through the appropriate publications on or about April 15, 2003.
