Den Haag, 1-4-04
The shares were purchased through on-market transactions for an average price of EUR 6.32 per share.
Due to the publication on May 10, 2004 of KPNs results for the first quarter of 2004, KPN will not repurchase any KPN shares under this programme in the closed period, which runs from April 1, 2004 until May 10, 2004.
As of May 10, 2004, KPN will resume the announced share repurchase programme for an initial amount of up to EUR 500 million, taking market circumstances into account. As stated on March 11, 2004, it is only intended to undertake share repurchases at price levels that enhance value for the remaining shareholders. KPN intends to cancel any shares acquired under this programme.