Ahold Delhaize announces early results of cash tender offer for up to $350 million principal amount of its 5.70% senior notes due 2040

Zaandam, the Netherlands, December 4, 2018 - Koninklijke Ahold Delhaize N.V. (the "Company" or "Ahold Delhaize") announced today the early results of its previously announced offer to purchase for cash up to $350,000,000 principal amount (the "Maximum Tender Amount") of its 5.70% Senior Notes due 2040 originally issued by Delhaize Group NV/SA (which entity merged into the Company effective July 24, 2016) (the "Notes"). The Company refers to its offer to purchase the Notes as the "Offer". 

The terms and conditions of the Offer are described in the Offer to Purchase, dated November 19, 2018 (as it may be amended or supplemented from time to time, the "Offer to Purchase"). 

As of 5:00 p.m., New York City time, on December 3, 2018 (the "Early Tender Time"), $493,104,000 aggregate principal amount of Notes were validly tendered and not validly withdrawn.  The table below identifies the principal amount of Notes validly tendered and not validly withdrawn and the principal amount the Company has accepted for purchase: 

CUSIP/ISIN Nos.	Title of Security	Principal Amount Outstanding (1)	Maximum Tender Amount	Principal Amount Tendered (2)	Principal Amount Accepted	Proration Factor (3)
24668PAE7 US24668PAE79	5.70% Senior Notes due 2040	$826,888,000	$350,000,000	$493,104,000	$350,000,000	71.0%

(1)    As of the commencement date of the Offer.

(2)    As of the Early Tender Time, as reported by D.F. King & Co., Inc., the Information and Tender Agent for the Offer.

(3)    The final proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes. 

The amount of the Notes accepted for purchase was determined pursuant to the terms and conditions of the Offer as set forth in the Offer to Purchase. 

Because the aggregate principal amount of Notes that were validly tendered and not validly withdrawn as of the Early Tender Time exceeded the Maximum Tender Amount, the Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Time will be accepted for purchase on a pro rata basis, and the Company will not accept for purchase any additional Notes tendered after the Early Tender Time.  Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with the relevant Clearing System and otherwise returned in accordance with the Offer to Purchase.