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Den Haag, 6-11-07

KPN has successfully launched a EUR 1.25 billion Eurobond with a 5 year maturity and a coupon of 5.00%. The bond was placed with a broad range of institutional investors in Europe.

The bonds have been issued under KPN’s Global Medium Term Note programme and will be listed on Euronext Amsterdam. The proceeds of this bond will be used to redeem the drawdowns on the credit facilities and for general corporate purposes. Following the successful execution of this bond transaction KPN will terminate the EUR 1.25 billion bilateral backstop credit agreements, which were signed in September 2007.

KPN has a credit rating of BBB+ with negative outlook by S&P and Baa2 with stable outlook by Moody's.

Citi, ING and RBS have acted as joint book runners for this transaction.