Ahold Delhaize announces pricing 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 pricing 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 Offer is being made upon the terms and is subject to the conditions set forth in the Offer to Purchase, dated November 19, 2018 (as it may be amended or supplemented from time to time, the "Offer to Purchase").

The "Total Consideration" for each $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the Offer was determined in the manner described in the Offer to Purchase by reference to the fixed spread specified in the Offer to Purchase over the yield based on the bid-side price of the Reference U.S. Treasury Security specified in the Offer to Purchase.  The reference yield (as determined pursuant to the Offer to Purchase) listed in the table below was calculated at 11:00 a.m., New York City time, today, December 4, 2018, by the Dealer Managers (as defined below). The Total Consideration includes an early tender premium of $50 per $1,000 principal amount of Notes accepted for purchase by the Company. All payments for Notes purchased in connection with the Early Tender Time will also include accrued and unpaid interest from the last interest payment date for the Notes up to, but excluding, the Early Settlement Date, which is currently anticipated to be December 6, 2018.

The following table sets forth certain pricing information for the Offer:

CUSIP/ISIN Nos.	Title of Security	Reference Security	Reference Yield	Fixed Spread (basis points)	Total Consideration(1)(2)	Early Tender Premium(1)(2)	Tender Offer Consideration(2)
24668PAE7 US24668PAE79	5.70% Senior Notes due 2040	3.00% U.S. Treasury Notes due 8/15/2048	3.217%	+ 165 bps	$$1,111.14	$50.00	$1,061.14

(1)    The Total Consideration includes the Early Tender Premium.