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Progress on EUR 1 bn share repurchase program KPN



Den Haag, 31-8-09

Further to the share repurchase program announced on 22 October 2008, KPN announces that, from 24 August to 28 August 2009, it has repurchased 1,385,279 KPN ordinary shares at an average price of EUR 10.81. To date, approximately 74% of the repurchase program has been completed. The repurchase program that started on 19 November 2008 will run through 31 December 2009.

Furthermore, KPN repurchased 1,028,965 KPN shares in the period from 24 August to 28 August 2009 to cover the obligations from its management share remuneration plan. This completes the repurchase of 5.9 million shares to cover the obligations from KPN’s management share remuneration plan, that was announced on 27 July 2009.