Zaandam, The Netherlands, January 2, 2023 – Ahold Delhaize today begins the €1 billion share buyback program announced on November 9, 2022 and expects to complete the program before the end of 2023.

Maintaining a balanced approach between funding growth in key channels and returning excess cash to shareholders is part of Ahold Delhaize’s financial framework in support of its Leading Together strategy. The purpose of the program is to reduce the capital of Ahold Delhaize through the cancellation of all or a portion of the common shares purchased under the program.

The Program will be implemented within the limits of the relevant laws and regulations, the existing authorization granted at the 2022 Annual General Meeting of Ahold Delhaize on April 13, 2022 and the authorization (if granted) by the Annual General Meeting on April 12, 2023.

The share buyback program will be implemented in one or more tranches. For each of them, an intermediary is mandated to execute the purchase of the shares at its discretion during open and closed periods in accordance with the Market Abuse Regulation (“MAR”) and within predefined execution parameters. Shares are bought on the market and accumulated in one’s own share account until cancellation. In accordance with the statutory provisions, confiscation may take place at the earliest two months after the resolution has been passed and the confiscation has been publicly announced. Ahold Delhaize is committed to the share buyback program, however the program is subject to changes in corporate activities such as, but not limited to, material M&A activity.

Ahold Delhaize will provide regular updates on the progress of the program through press releases.

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