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Den Haag, 8-9-09

KPN has successfully launched a Sterling denominated benchmark bond for an amount of 850 million Sterling (approximately EUR 970 million) with a maturity of 20 years and a Pound Sterling coupon of 5.75%. The bond has been placed with a broad range of institutional investors across the United Kingdom.

The bond has 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 refinance debt and for general corporate purposes. With this bond KPN extended its maturity profile.

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

Bank of America Merrill Lynch, BNP Paribas and Royal Bank of Scotland have acted as joint bookrunners for this transaction.