AHOLD DENIES RUMORS OF ACCOUNTING IRREGULARITY

ZAANDAM, Netherlands -- Ahold here last week publicly denied rumors of accounting irregularities that battered the company's share price on the Amsterdam exchange late last month.Speaking at a press conference here following the release of financial results for 2001, Cees van der Hoeven, Ahold's president and chief executive, said, "Recently, we were very disturbed by wrongful speculation about so-called

ZAANDAM, Netherlands -- Ahold here last week publicly denied rumors of accounting irregularities that battered the company's share price on the Amsterdam exchange late last month.

Speaking at a press conference here following the release of financial results for 2001, Cees van der Hoeven, Ahold's president and chief executive, said, "Recently, we were very disturbed by wrongful speculation about so-called 'accounting and tax issues' at Ahold. These rumors are totally unfounded."

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