IFRS impact 2004

                      Ahold determines impact of conversion
                                to IFRS for 2004

Our highlights:

o    Opening group equity in accordance with IFRS approximately EUR 1.6 billion
     lower
o    2004 net income in accordance with IFRS approximately EUR 1.3 billion
     higher
o    IFRS Technical Conversion Memo available at www.ahold.com
o    Analyst conference call to be hosted via our website scheduled for 6-7 pm
     CET today

Zaandam, The Netherlands, May 17, 2005 - Ahold today announced it has determined
the impact of the conversion from Dutch GAAP to International Financial
Reporting Standards (IFRS) for 2004. As announced on March 29, 2005, opening
group equity in accordance with IFRS is approximately EUR 1.6 billion lower than
in accordance with Dutch GAAP. Net income (loss) for 2004 in accordance with
IFRS is approximately EUR 1.3 billion higher than in accordance with Dutch GAAP.

Prior to 2005, we prepared our consolidated financial statements in accordance
with Dutch GAAP. From 2005 onwards, we are required to prepare our consolidated
financial statements in accordance with IFRS. This change applies to all
financial reporting for accounting periods beginning on or after January 1,
2005. We will report our results for the first quarter 2005 which are to be
announced on June 14, 2005 in accordance with IFRS. Financial statements for
2005, inclusive 2004 comparatives, in accordance with IFRS will be included in
our 2005 annual report which will be issued in 2006. The 2005 annual report also
will contain the reconciliation of net income and shareholders' equity to US
GAAP as required by the U.S. Securities and Exchange Commission, which we will
only provide on an annual basis.

We have prepared the 2004 IFRS information in accordance with IFRS as it is
expected to be in force as of December 31, 2005. IFRS is subject to ongoing
review and endorsement by the European Union and possible amendment by
interpretative guidance from the International Accounting Standards Board (IASB)
and, therefore, may be subject to change before the 2005 year-end.

Additional information on the conversion to IFRS and how our reported financial
position and results were affected is provided in the detailed memorandum
regarding the technical aspects of the conversion to IFRS that is included on
our website at www.ahold.com. Further information also will be provided in the
analyst conference call which will be hosted via our website and is scheduled
for 6-7 pm CET today, the slides for which are also available at www.ahold.com.

The numbers presented in this press release are preliminary and unaudited.

                                                                         2005017

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Impact on net income (loss)
The following table sets forth the impact of the conversion to IFRS on our 2004
net loss as reported under Dutch GAAP.

IFRS 2004 net income (loss) impact
--------------------------------------------------------------------------------
in EUR millions

Net loss in accordance with Dutch GAAP                                 (436)
--------------------------------------------------------------------------------
Cumulative preferred financing shares                                   (44) (a)
Convertible bond                                                        (28)
ICA put option                                                          466  (b)
Derivative instruments and revaluation of loans                          39
Post-employment benefits                                                 52  (c)
Bifurcation of leased land and buildings                                  3
Other real estate related differences                                    (5)
Non-current assets held for sale and discontinued operations             81  (d)
Discounting of long-term provisions                                      (2)
Share-based payments                                                    (18)
Goodwill and other intangible assets with indefinite lives              155  (e)
Deferred tax impact on adjustments to IFRS                             (109)
Net gain (loss) on divestments                                          725  (f)
IFRS impact on equity investees                                           7
--------------------------------------------------------------------------------

Total IFRS impact on net income (loss)                                1,322
--------------------------------------------------------------------------------

Net income in accordance with IFRS                                      886
--------------------------------------------------------------------------------

The key areas of impact on 2004 net income (loss) resulting from the conversion
to IFRS are explained below. Most of the differences resulting from the
conversion of the 2004 consolidated figures from Dutch GAAP to IFRS affect
deferred income tax accounting and have in total resulted in an increased tax
charge of EUR 109 million in 2004 net income under IFRS.

(a) Cumulative preferred financing shares
The net income (loss) impact related to our cumulative preferred financing
shares was EUR (44) million. Under IFRS, our cumulative preferred financing
shares are considered a liability. As a result, we reclassified EUR 666 million
in the opening balance sheet from group equity to liabilities. The related
dividend was accounted for as an interest expense.

(b) ICA put option
The net income (loss) impact related to the ICA put option was EUR 466 million.
The ICA put option was recognized as a liability, decreasing opening group
equity by EUR 601 million. The value of the ICA put option was remeasured
quarterly until Q4 2004. The carrying amount of the liability offset the
purchase price paid for the 20% ICA shareholding obtained from Canica AS,
resulting in a difference in goodwill recognized. The goodwill related to the
Canica transaction was derecognized as part of the subsequent sale of the 10%
ICA shareholding to ICA Forbundet. The ICA put option liability balance was
released as part of these transactions.

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(c) Post-employment benefits
The net income (loss) impact from post-employment benefit accounting was EUR 52
million and the 2004 opening group equity balance adjustment was EUR 456
million. All actuarial gains and losses were immediately recognized, thereby
impacting the opening group equity, related amortization charges and the
accounting for plans that are being settled or curtailed. The vested portions of
plan amendments were immediately recognized as an expense. Additional minimum
liabilities for the unfunded portions of accrued benefit obligations that were
recognized under Dutch GAAP were reversed under IFRS. The "measurement date" is
required to be the balance sheet date. Additional provisions were required for
certain other long-term employee benefits.

(d) Non-current assets held for sale and discontinued operations
The net income (loss) impact related to the non-current assets held for sale and
discontinued operations was EUR 81 million. Non-current assets held for sale and
related liabilities will be presented as a current assets and current
liabilities in the balance sheet prospectively. In the statement of operations,
the results from discontinued operations are presented separately from those of
ongoing operations retroactively. Depreciation and amortization for assets that
are classified as held for sale is prohibited and therefore reversed.

(e) Goodwill and other intangible assets with indefinite lives
The net income (loss) impact related to goodwill and other intangible assets
with indefinite lives was EUR 155 million. Goodwill and other intangible assets
with indefinite lives are no longer amortized and are tested for impairment
annually. No additional impairment charge on the conversion date or at year-end
2004 was recognized.

(f) Net gain (loss) on divestments
The net income (loss) impact related to net gain (loss) on divestments was EUR
725 million. Goodwill previously charged to equity for divested entities is no
longer recognized at the time of divestment. Reversal of goodwill previously
charged to equity was EUR 252 million. In addition, as permitted by a one-time
exemption, we set the cumulative translation adjustment ("CTA") reserve to zero
at date of transition to IFRS. As a result, EUR 1.9 billion was recognized as a
reclassification within equity. Only CTA balances occurring after the transition
date will be recognized upon divestment of foreign entities. Reversal of CTA
balances recognized under Dutch GAAP in 2004 was EUR 502 million. Additional
measurement differences of the divested entities relating to the transition to
IFRS resulted in EUR (29) million.

Closing group equity
At the end of 2004, closing group equity in accordance with IFRS was
approximately EUR 0.7 billion lower for a total group equity balance of EUR 4.0
billion.

Ahold Corporate Communications: +31 (0)75-659 5720

Disclaimer
Certain statements in this press release are "forward-looking statements" within
the meaning of U.S. federal securities laws. These forward-looking statements
include, but are not limited to, statements regarding our plans to prepare our
consolidated financial statements and to report results in accordance with IFRS,
the expected date when our Q1 2005 results will be released and the expectation
that IFRS as used by us in preparing our financial results will continue to be
in force as of December 31, 2005. These forward-looking statements are subject
to risks, uncertainties and other factors that could cause actual results to
differ materially from future results expressed or implied by the
forward-looking statements. Important factors that could cause actual results to
differ materially from the information set forth in these forward-looking
statements include, but are not limited to, unanticipated delays in the
determination of the Q1 2005 results and the publication thereof, changes to
IFRS or the application or interpretation thereof prior to December 31, 2005, as
a result of the review and endorsement by the EU or amendment by the IASB of
interpretative guidance and other factors some of which are discussed in our
public filings. Many of these factors are beyond our ability to control or
predict. Given these uncertainties, readers are cautioned not to place undue
reliance on the forward-looking statements, which only speak as of the date of
this press release. We do not undertake any obligation to release publicly any
revisions to these forward-looking statements to reflect events or circumstances
after the date of this press release or to reflect the occurrence of
unanticipated events or circumstances, except as may be required under
applicable securities laws. Outside The Netherlands, Koninklijke Ahold N.V.,
being its registered name, presents itself under the name of "Royal Ahold" or
simply "Ahold."

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