Ahold Strengthens Position in Spain.ZAANDAM, The Netherlands/SEVILLA, Spain--(BUSINESS WIRE)--Sept. 2, 1998--Royal Ahold, the international food retailer, today announced further progress with its supermarket activities in Spain. Discussions with Dialco Ahold and the prominent Spanish supermarket company Dialco S.A. are discussing the possibility of joining forces in Spain. Dialco is one of the oldest Spanish supermarket companies and enjoys a strong reputation, particularly in the south of the country. The almost 100 Dialco supermarkets in the province of Andalucia are renowned for their outstanding customer service. Dialco has an impressive market share in Sevilla, the provincial capital Noun 1. provincial capital - the capital city of a province capital - a seat of government city, metropolis, urban center - a large and densely populated urban area; may include several independent administrative districts; "Ancient Troy was a great city" , where it operates 46 stores. Sales in 1997 totaled some USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 200 million. Chairman of the Board is Eustacio Cobreros, a highly respected food retailer who is conducting the talks with Ahold on behalf of Dialco. Letter of intent with Dumaya Ahold also announces it has signed a letter of intent for the acquisition in full of Dumaya, the Spanish food retailer which operates 23 supermarkets and five cash & carry's. The company also has a hypermarket hy·per·mar·ket n. A very large commercial establishment that is a combination of a department store and a supermarket. hypermarket Noun a huge self-service store [translation of French under construction. Dumaya is a family business based in and around the southern Spanish cities of Malaga and Ceuta, and holds a prominent position in both trade areas. Its supermarkets have an average selling space of 11,000 sq.ft. (approximately 1,100 sq. m.). Dumaya generated 1997 sales of about USD 75 million. Store 2000 Since 1996, Ahold has been a partner in the Store 2000 joint venture, which currently operates 45 supermarkets in and around Madrid with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of more than USD 150 million. In the coming years, Ahold anticipates considerable growth in Spain to be generated both through its existing joint venture as well as its fully owned operations. Royal Ahold (Koninklijke Ahold nv) is a leading international food retailer with 1997 sales of approximately USD 26 billion and 3,200 stores and 220,000 associates worldwide. Ahold is the leading food retailer in The Netherlands, one of the top supermarket companies in the US, and has major operations in several countries in Southern and Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. , Latin America and Asia. In the United States, Ahold is prominent along the East Coast, operating the BI-LO, Giant Food Stores (including Edwards), Tops Markets (including Finast), and Stop & Shop companies encompassing over 830 stores with 1997 sales of USD 14.3 billion. In May, Ahold announced plans to acquire Giant Food Inc., a prominent supermarket company in the Washington D.C. metropolitan area with 1997 sales of USD 4.2 billion and 176 large stores. In addition to its listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange : AHO), Ahold's shares are trading on the Amsterdam Exchanges and on the Swiss Exchange Swiss Exchange The major securities market of Switzerland. , and Ahold options are also traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ). Ahold common shares may be accessed on the Reuter Equities 2000 Service under the symbol AHLN.AS and on Quotron under the symbol AHOLN.EU. Additional information is available on Ahold's home page: http://www.ahold.nl.
CONTACT: Hans Gobes
Royal Ahold, Media Relations
011-31-75-659-5665
After office hours:
011-31-23-527-0456
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Stuart Brown
Royal Ahold, Investor Relations
011-31-75-659-5648
e-mail: investor.relations@corp.ahold.nl
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Anne Beevers
Taylor Rafferty Associates
212-889-4350
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