Document:

EX-4.4

 Exhibit 4.4 

EXECUTION COPY 
 Pricing Supplement dated
11 May, 2001 
 Koninklijke Ahold N.V. 

(incorporated under the laws of The Netherlands with limited liability and having its 

corporate seat in Zaandam) 

Issue of JPY 33,000,000,000 Floating Rate Notes due May 2031 

Under the EUR 3,000,000,000 

Euro Medium Term Note Program 
 This
document constitutes the Pricing Supplement relating to the issue of the Notes described herein. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus. This Pricing Supplement is
supplemental to and must be read in conjunction with such Prospectus. 
  

					
	1.	  	Issuer:	  	Koninklijke Ahold N.V.
			
	2.	  	Series Number:	  	13
			
	3.	  	Specified Currency or Currencies:	  	Japanese Yen “JPY”
			
	4.	  	Aggregate Nominal Amount:	  	JPY 33,000,000,000
			
	5.	  	Issue Price:	  	100.00 per cent.
			
	6.	  	Specified Denominations:	  	JPY 100,000,000
			
	7.	  	Issue Date:	  	14 May 2001
			
	8.	  	Maturity Date:	  	15 May 2031
			
	9.	  	Interest Basis:	  	JPY 6 month Libor
			
	10.	  	Redemption/Payment Basis:	  	100.00 per cent.
			
	11.	  	Change of Interest or Redemption/Payment Basis:	  	Not Applicable
			
	12.	  	Put/Call Options:	  	Not Applicable
			
	13.    	  	Status of the Note:	  	Senior
			
	14.	  	Listing:	  	None
			
	15.	  	Method of distribution:	  	Non- syndicated

							
	16.	  	Fixed Rate Note Provisions	  	Not Applicable
			
	17.	  	Floating Rate Note Provisions	  	Applicable
				
		  	(i)	  	Specified Period(s) Specified Interest Payment dates:	  	Interest will be paid semi annually in arrears, on 15 May and 15 November in each year, from and including 15 November 2001 up to and including the Maturity Date subject to adjustment in accordance with the Following Business Day
Convention. There will be a long first coupon in respect of the interest period commencing on 14 May 2001 up to but excluding 15 November 2001.
				
		  	(ii)	  	Business Date Conversion:	  	Not Applicable
				
		  	(iii)	  	Additional Business Centre(s):	  	Tokyo, TARGET and London
				
		  	(iv)	  	Manner in which the Rate of Interest and Interest Amount is to be determined:	  	ISDA Determination
				
		  	(v)	  	Party responsible for calculating the Rate of Interest and Interest Amount (if not Agent):	  	Not Applicable
				
		  	(vi)	  	Screen Rate Determination:	  	Not Applicable
				
		  	-	  	Reference Date:	  	
				
		  	-	  	Interest Determination date(s):	  	
				
		  	-	  	Relevant Screen Page:	  	
				
		  	(vii)	  	ISDA Determination:	  	
				
		  	-	  	Floating Rate Option:	  	JPY-LIBOR-BBA
				
		  	-	  	Designated Maturity:	  	6 months
				
		  	-	  	Reset Date:	  	The first day of each period
				
		  	(viii)	  	Margin(s):	  	Plus 1.50 per cent. per annum

  
 2 

							
				
		  	(ix)	 	Minimum Rate of Interest:	  	Not Applicable
				
		  	(x)	 	Maximum Rate of Interest:	  	Not Applicable
				
		  	(xi)	 	Day Count Fraction:	  	ACTUAL/360, adjusted
				
		  	(xii)	 	Fall back provisions, rounding provisions and any other terms relating to the method of calculating interest on Floating Tare Notes, if different from set out in the Conditions:	  	Not Applicable
			
	18.	  	Zero Coupon Note Provisions	  	Not Applicable
			
	19.	  	Index-Linked Interest Note Provisions	  	Not Applicable
			
	20.	  	Dual Currency Note Provisions	  	Not Applicable
			
	21.	  	Issuer Call Option	  	Not Applicable
			
	22.	  	Issuer Put Option	  	Not Applicable
			
	23.	  	Final Redemption Amount	  	JPY 33,000,000,000
			
	24.	  	Early Redemption Amount	  	Not Applicable
			
		  	Early Redemption Amount(s) payable for taxation reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in the Condition 7(e)):	  	
			
	25.	  	Form of Notes:	  	Bearer Global Note
			
	26.	  	Additional Financial Centre(s) or other special provisions relating to Payment Dates:	  	Tokyo, TARGET and London
			
	27.	  	Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):	  	No

  
 3 

							
			
	28.	  	Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences of failure to pay, including any right of the Issuer to forfeit the
Notes and interest due on late payment:	  	Not Applicable
			
	29.	  	Details relating to Instalment Notes, including the amount of each instalment (each an ‘Instalment Amount’) and the date on which each payment is to be made (each an ‘Instalment Date’)	  	Not Applicable
			
	30.	  	Redenomination:	  	Not Applicable
			
	31.	  	Whether Condition 8(a) of the Notes applies (in which case Condition 7(b) of the Notes will not apply) or whether
Condition 8(b) of the Notes applies:	  	
			
	32.	  	Other terms or special conditions:	  	Not Applicable
			
	33.	  	Governing law:	  	
			
		  	DISTRIBUTION	  	
				
	34.	  	(i)	  	If syndicated, names of Managers:	  	Not Applicable
				
		  	(ii)	  	If non-syndicated, legal name of relevant Dealer:	  	Goldman Sachs International
				
		  	(iii)	  	Stabilising Manager (if any)	  	Not Applicable
			
	35.	  	Whether TEFRA D or TEFRA C rules applicable or TEFRA rules not applicable:	  	TEFRA D
			
	36.	  	Additional selling restrictions:	  	Not Applicable
			
		  	OPERATIONAL INFORMATION	  	
			
	37.	  	Relevant clearing and settlement system(s):	  	Euroclear N.V.,S.A and Clearstream
			
	38.	  	Delivery:	  	Delivery versus payment
			
	39.	  	Additional Paying Agent(s) (if any) :	  	Not Applicable
			
	40.	  	Details of the net proceeds of the issue of the Notes (AEX listed notes only):	  	Not Applicable
			
	41.	  	Effective Yield (AEX listed Notes only):	  	Not Applicable

  
 4 

 ISIN: XS0128778460 

Common Code: 12877846 
 RESPONSIBILITY 

The Issuer accepts responsibility for the information contained in this Pricing Supplement. 

Signed on behalf of the Issuer: 
  

			
	By:	 	 

		 	Duly authorised

  
 5 

 Goldman Sachs Capital Markets, L.P. | 85 Broad Street | New York | New York 10004 

 
 

 
 11 May, 2001 

Koninklijke Ahold N.V. 
 Albert Heijnweg 1 

1507 EH Zaandam 
 The Netherlands 

For the attention of Ruth Ubbink 
 Dear Sirs 

With regard to swap LYEQ104010090000A00 between Goldman Sachs Capital Markets, L.P. (“GSCM”) and Koninklijke Ahold N.V. (“Counterparty”),
the fixed rate payable by Counterparty of 7.065% per annum, would have been approximately 7.815% if the terms of the swap had not included the provisions regarding Credit Event Conditions. This rate reflects the rate at which Counterparty would
have swapped the transaction with GSCM via a traditional cross-currency swap. 
 Yours faithfully 

 
 

 
  

	
	Goldman Sachs Capital Markets, L.P.EX-4.5

 Exhibit 4.5 

PRICING SUPPLEMENT 
 13th December,
2001 
 Ahold Finance U.S.A., Inc. 

Issue of £500,000,000 6.5 per cent. Guaranteed Notes due 2017 

under the €5,000,000,000 

Euro Medium Term Note Programme 

unconditionally and irrevocably guaranteed by Koninklijke Ahold N.V. 

This document constitutes the Pricing Supplement relating to the issue of Notes described herein. Terms used herein shall be deemed to be defined as such for
the purposes of the Conditions set forth in the Prospectus dated 26th April, 2001 (the “Prospectus”). This Pricing Supplement together with Appendix A hereto is supplemental to and must be read in
conjunction with the Prospectus. 
  

							
	1.	 	(a)	  	Issuer:	  	Ahold Finance U.S.A., Inc.
				
		 	(b)	  	Guarantor:	  	Koninklijke Ahold N.V.
				
	2.	 	(i)	  	Series Number:	  	Not Applicable
				
		 	(ii)	  	Tranche Number:	  	1
			
	3.	 	Specified Currency or Currencies:	  	Sterling (£)
		
	4.	 	Aggregate Nominal Amount:
				
		 	–	  	Tranche:	  	£500,000,000
				
		 	–	  	Series:	  	£500,000,000
				
	5.	 	(i)	  	Issue Price of Tranche:	  	99.936 per cent. of the Aggregate Nominal Amount
				
		 	(ii)	  	Net proceeds:	  	£496,930,000
				
	6.	 	(i)	  	Specified Denominations:	  	£1,000, £10,000, £100,000
				
		 	(ii)	  	Form of Definitive Notes:	  	Standard Euromarket
				
	7.	 	(i)	  	Issue Date:	  	14th December, 2001
				
		 	(ii)	  	Interest Commencement Date:	  	14th December, 2001
			
	8.	 	Maturity Date:	  	14th March, 2017
			
	9.	 	Interest Basis:	  	6.5 per cent. Fixed Rate
				
		 		  		  	(further particulars specified below)
			
	10.	 	Redemption/Payment Basis:	  	Redemption at par

  
 2 

							
			
	11.	  	Change of Interest Basis or Redemption/Payment Basis:	  	Not applicable
			
	12.	  	Put/Call Options:	  	None
			
	13.	  	Status of the Notes and the Guarantee:	  	Senior
			
	14.	  	Listing:	  	Luxembourg Stock Exchange
			
	15.	  	 Method of distribution:
  
	  	 Syndicated
  

	
	PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
			
	16.	  	Fixed Rate Note Provisions	  	Applicable
				
		  	(i)	  	Rate(s) of Interest:	  	6.5 per cent. per annum payable annually in arrear save that the first Fixed Interest Period will be from (and including) the Issue Date to (but excluding) 14th March, 2002
				
		  	(ii)	  	Interest Payment Date(s):	  	14th March in each year up to and including the Maturity Date
				
		  	(iii)	  	Fixed Coupon Amount(s):	  	£65 per £1,000 in nominal amount save for the first Fixed Interest Period
				
		  	(iv)	  	Broken Amount(s):	  	£16.03 per £1,000 in nominal and for the first Fixed Interest Period
				
		  	(v)	  	Day Count Fraction:	  	Actual/Actual (ISMA)
				
		  	(vi)	  	Determination Date(s):	  	14th March in each year
				
		  	(vii)	  	Other terms relating to the method of calculating interest for Fixed Rate Notes:	  	None
			
	17.	  	Floating Rate Note Provisions	  	Not applicable
			
	18.	  	Zero Coupon Note Provisions	  	Not applicable
			
	19.	  	Index Linked Interest Note Provisions	  	Not applicable
			
	20.	  	Dual Currency Note Provisions	  	Not applicable
	
	  
 PROVISIONS RELATING TO REDEMPTION

			
	21.	  	Issuer Call:	  	Not applicable
			
	22.	  	Investor Put:	  	Not applicable
			
	23.	  	Final Redemption Amount of each Note:	  	Par

  
 3 

							
			
	24.	  	Early Redemption Amount(s) of each Note payable on redemption for taxation reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in Condition 7(e)):	  	As set out in Condition 7(e)
	
	  
 GENERAL PROVISIONS APPLICABLE TO THE
NOTES

			
	25.	  	Form of Notes:	  	Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes only upon the occurrence of an Exchange Event
			
	26.	  	Additional Financial Centre(s) or other special provisions relating to Payment Dates:	  	TARGET
			
	27.	  	Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):	  	No
			
	28.	  	Details relating to Partly Paid Notes:	  	Not applicable
			
	29.	  	Details relating to Instalment Notes, including the amount of each instalment (each an “Instalment Amount”) and the date on which each payment is to be made (each an “Instalment Date”):	  	Not applicable
			
	30.	  	Redenomination:	  	Redenomination not applicable
			
	31.	  	Whether Condition 8(a) of the Notes applies (in which case Condition 7(b) of the Notes will not apply) or whether Condition 8(b) of the Notes applies:	  	Condition 8(b) applies
			
	32.	  	Other terms or special conditions:	  	Not applicable
			
	33.	  	Governing law:	  	Netherlands law

  
 4 

							
	
	DISTRIBUTION
				
	34.	  	(i)	  	If syndicated, names of Managers:	  	 J.P. Morgan Securities Ltd.
 Morgan Stanley
& Co. International Limited
 ABN AMRO Bank N.V.
 UBS AG,
acting through its business group UBS Warburg

				
		  	(ii)	  	If non-syndicated, legal name of relevant Dealer:	  	Not applicable
				
		  	(iii)	  	Stabilising Manager (if any):	  	Morgan Stanley & Co. International Limited
			
	35.	  	Whether TEFRA D or TEFRA C rules applicable or TEFRA rules not applicable:	  	TEFRA D
			
	36.	  	Applicable Netherlands securities law option:	  	The Notes are not and will not be offered in The Netherlands, whether directly or indirectly, other than to persons who trade or invest in securities in the conduct of their profession or trade (which includes banks, investment
banks, securities firms, insurance companies, pension funds, investment institutions, other institutional investors, central governments, large international and supranational institutions and treasury departments of large enterprises).
			
	37.	  	Additional selling restrictions:	  	 For this issue the United Kingdom selling restrictions set out in the Subscription and Sale section of the Prospectus shall be deemed to
be deleted and replaced with the following:
  
 United Kingdom

 
 Each Manager has represented and agreed that:

 
 (i)      it has not
offered or sold and, prior to the expiry of the period of six months from the Issue Date, will not offer or sell any Notes to persons in the United Kingdom except to persons whose ordinary activities involve them in acquiring, holding, managing or
disposing of investments (as principal or agent) for the

  
 5 

									
		  		  		  		  	purposes of their businesses or otherwise in circumstances which have not resulted and will not result in an offer to the public in the United Kingdom within the meaning of the Public Offers of Securities Regulations 1995 (as
amended);
					
		  		  		  	(ii)	  	it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity within the meaning of Section 21 of the Financial Services and
Markets Act, 2001 (the “FSMA”) received by it in connection with the issue or sale of the Notes in circumstances in which Section 21(1) of the FSMA does not apply to the Issuer or the Guarantor; and
					
		  		  		  	(iii)	  	it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Notes in, from or otherwise involving the United Kingdom.
			
	  
 OPERATIONAL INFORMATION
	  		  	
			
	38.	  	Relevant clearing and settlement system(s):	  	Euroclear/ Clearstream, Luxembourg
			
	39.	  	Delivery:	  	Delivery against payment
			
	40.	  	Additional Paying Agent(s) (if any):	  	None
			
	41.	  	Effective yield (Euronext Amsterdam listed Notes only):	  	Not applicable
			
	42.	  	Notices to be published in an English language daily newspaper of general circulation in London:	  	Yes

  

			
	 ISIN:
 Common code:

Fondscode:
	  	 XS0140280305
 014028030

14184

 LISTING APPLICATION 
 This
Pricing Supplement comprises the details required to list the issue of Notes described herein pursuant to the listing of the € 5,000,000,000 Euro Medium Term Note Programme of Koninklijke Ahold N.V., Ahold Finance B.V., Ahold Finance Europe
B.V. and Ahold Finance U.S.A., Inc. 

  
 6 

 RESPONSIBILITY 

The Issuer and the Guarantor accept responsibility for the information contained in this Pricing Supplement. To the best of the knowledge and belief of the
Issuer and the Guarantor (who have taken all reasonable care to ensure that such is the case) the information contained in this Pricing Supplement, when read together with the Prospectus referred to above, is in accordance with the facts and does
not omit anything likely to affect the import of such information. 
  
 

 
 Date: 13th December, 2001 

  
 7 

 APPENDIX A 

The last paragraph under the heading “Taxation-United States Taxation” in the Prospectus shall be deemed to be deleted and the following paragraph
shall be deemed to be inserted in its place: 
 “Backup withholding and information reporting will not apply to payments of principal, premium, if any,
and interest on a Note, Receipt or Coupon or under the Guarantee made outside the United States by Ahold Finance U.S.A., Inc. or its paying agent or the Guarantor, unless the payments are made to a person who owns (directly or by attribution)
10 per cent. or more of the total combined voting power of all classes of stock of Ahold Finance U.S.A., Inc. entitled to vote, such holder is a “controlled foreign corporation” with respect to which Ahold Finance U.S.A., Inc. (or the
Guarantor, where applicable) is a “related person” or such holder is a bank which acquired such Note, Receipt or Coupon in consideration of an extension of credit made pursuant to a loan agreement entered into in the ordinary course of
business. Information reporting requirements and backup withholding tax will not apply to any payment on a Note, Receipt or Coupon or under the Guarantee made outside the United States by a foreign office of a foreign custodian, foreign nominee or
other foreign agent of the beneficial owner of such Note, Receipt or Coupon, or if a foreign office of a foreign ‘broker’ (as defined in applicable United States Treasury regulations) pays the proceeds of the sale of a Note, Receipt or
Coupon; provided that such custodian, nominee, agent or broker (i) derives less than 50 per cent. of its gross income for certain time periods from the conduct of a trade or business in the United States, (ii) is not a foreign
partnership (x) one or more of the partners of which, at any time during its tax year, are United States persons who, in the aggregate hold more than 50 per cent. of the income or capital interests in the partnership or (y) which, at
any time during its tax year, is engaged in the conduct of a trade or business in the United States), and (iii) is not a ‘controlled foreign corporation’ for United States federal income tax purposes. Payments on a Note, Receipt or
Coupon or under the Guarantee outside the United States to the beneficial owner thereof by a foreign office of any other custodian, nominee or agent or the payment by a foreign office of other brokers of the proceeds of the sale of a Note, Receipt
or Coupon will not be subject to backup withholding tax (unless the payor has actual knowledge that the payee is a United States person) but will be subject to information reporting unless such custodian, nominee, agent or broker has documentary
evidence in its records that the beneficial owner is not a United States person for purposes of such backup withholding tax and information reporting requirements and certain other conditions are met, or the beneficial owner otherwise establishes an
exemption. Payments on a Note, Receipt or Coupon or under the Guarantee by the United States office of a custodian, nominee or other agent of the beneficial owner of such Note, Receipt or Coupon, or the payment of the proceeds of a sale of a Note,
Receipt or Coupon by the United States office of a broker, will be subject to information reporting and backup withholding tax unless the beneficial owner certifies its non-United States person status under penalty of perjury or otherwise
establishes an exemption. Under recently enacted legislation, the backup withholding tax rate of 30.5 per cent. will be reduced to 30 per cent. for years 2002 and 2003, 29 per cent. for years 2004 and 2005, and 28 per cent. for
the years 2006 to 2010.”

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