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Progress on share repurchase program KPN and cancellation of shares
Den Haag, 3-12-07
Further to the share repurchase program announced on 3 September 2007, KPN announces that, during the week of 26 November to 30 November 2007, it has repurchased 1,160,000 KPN ordinary shares at an average price of EUR 12.37. To date, approximately 78% of the repurchase program has been completed. The repurchase program that started on 3 September 2007 will run through 31 December 2007.
On 30 November 2007 KPN concluded the cancellation of 42,301,459 ordinary shares which were repurchased as part of the EUR 1 billion share repurchase program, announced on 6 February 2007 and completed on 30 August 2007. Following this cancellation KPN will have 1,843,482,213 shares outstanding. Since October 2004, KPN has cancelled 650.5 million shares, representing 26.1% of the total number of outstanding shares.
