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Progress on EUR 1 bn share repurchase program KPN and cancellation of shares
Den Haag, 29-6-09
Further to the share repurchase program announced on 22 October 2008, KPN announces that, from 22 June to 26 June 2009, it has repurchased 619,790 KPN ordinary shares at an average price of EUR 9.57. To date, approximately 62% of the repurchase program has been completed. The repurchase program that started on 19 November 2008 will run through 31 December 2009.
On 25 June 2009, KPN concluded the cancellation of 43,457,887 ordinary shares that were repurchased as part of the EUR 1.0 billion share repurchase program, started on 19 November 2008. Following this cancellation, KPN will have 1,670,904,905 ordinary shares outstanding.
