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KPN announces completion of EUR 250 million share repurchase programme



Den Haag, 13-9-05

Since August 9, a total of 32.8 million shares was repurchased at an average price of EUR 7.62 per share. All of these shares were purchased via the secondary trading line, which was introduced on March 1, 2005 for reasons of tax-efficiency.


Since December 2004, KPN has repurchased 181 million shares, representing 7.8% of the total number of outstanding shares. Cancellation of these shares will now commence, a process which will be concluded before the end of 2005.


In 2005 KPN has returned EUR 2.1 billion to shareholders, consisting of EUR 1.2 billion share repurchases and EUR 0.9 billion dividend thereby delivering on its commitment to return excess cash to shareholders. KPN will review its excess cash position in February, 2006.