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2011: A year in review

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Cautionary notice

All information at, including but not limited to the extracts and sections from Ahold’s Annual Report 2011, need to be read in conjunction with Ahold’s Annual Report 2011 and Ahold’s Corporate Responsibility Report 2011, which are available at

At are forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those included in such statements. Many of these risks and uncertainties relate to factors that are beyond Ahold's ability to control or estimate precisely, including but not limited to Ahold's ability to successfully implement and complete its plans and strategies and to meet its targets, the benefits from Ahold's plans and strategies being less than anticipated, the effect of general economic or political conditions, the actions of competitors and other third parties, increases or changes in competition, Ahold's ability to retain and attract employees who are integral to the success of the business, acquisition and integration, expansion, collective bargaining, information security, business and IT continuity, food and non-food safety, corporate responsibility, business transformation, large strategic projects, contingent liabilities associated with lease guarantees, insurance programs, Ahold's liquidity needs (including but not limited to health care and pension funding requirements) exceeding expected levels, foreign currency translation risk, credit risk, interest rate risk, tax liabilities and legislative and regulatory environment and litigation risks, and other factors discussed in Ahold's Annual Report 2011, in the paragraphs on How we manage risk, and in Ahold's other public filings and disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the relevant information at Ahold does not assume any obligation to update any public information or forward-looking statement at to reflect events or circumstances after the date thereof, except as may be required by applicable laws.

Outside the Netherlands, Ahold presents itself under the name of "Royal Ahold" or simply "Ahold." For the reader's convenience, "Ahold," "the Company," "Ahold Group," or "the Group" are also used at The Company's registered name is "Koninklijke Ahold N.V."

No information at constitutes an invitation to invest of otherwise deal in the shares or other securities of Ahold or any of its subsidiaries, joint ventures or associates or an invitation by or on behalf of any of them to enter into an agreement with you.