Progress on share repurchase programme KPN and cancellation of shares

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Den Haag, 26-6-06

In light of the share repurchase programme announced on February 7, 2006, Koninklijke KPN N.V. announces that during the week of 19 through June 23, 2006 3,150,000 of KPN shares were repurchased at an average price of EUR 8.69. Therewith approximately 44.0% of the repurchase programme has been completed. The repurchase programme started on March 20, 2006 and will end on December 31, 2006.

On June 20, 2006 KPN concluded the cancellation of 60 million ordinary shares, repurchased from the Dutch Government on December 7, 2005. The cancellation process commenced upon approval at the Annual General Meeting of Shareholders of April 11, 2006. The current number of outstanding shares amounts to 2.091.360.370. Since October 2004, KPN has cancelled 403 million shares, representing 16,2% of the total number of outstanding shares.

Furthermore, KPN will repurchase 2.1 million KPN shares in the period from 26 through June 30, 2006 to cover the obligations from its management share remuneration plan. The repurchases will be executed in accordance with the terms in the mandate granted at KPN’s Annual General Meeting of Shareholders of April 11, 2006.