The following is a letter from Cees van der Hoeven, President & CEO of Royal Ahold: Annual General Meeting of Stockholders of Royal Ahold The Hague, Tuesday, May 15, 2001 Address by Cees van der Hoeven, President & CEO Royal Ahold Ladies and gentlemen, I would like to welcome you warmly to our Annual General Meeting. It gives me great pleasure to see so many of our valued shareholders here today, because it shows your commitment to the company. We're in line for not only an informative, but also an enjoyable afternoon.