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Den Haag, 27-9-07

The Supervisory Board of KPN is pleased to announce that Ad Scheepbouwer (63) has decided to stay on as CEO of KPN for the next four years. The Supervisory Board proposes that the current employment contract which will end 1 July 2009 will be extended until 1 July 2011.

Ton Risseeuw, Chairman of KPN’s Supervisory Board said: “We are very pleased that Ad Scheepbouwer is willing to stay on as CEO of KPN for a couple more years. We are fully confident that KPN’s strong management team, under the leadership of Ad Scheepbouwer, will succeed in executing KPN’s strategic transformation from a traditional telephony company to a next generation communication services company. Ad Scheepbouwer’s wealth of experience of both KPN and the global telecoms landscape continues to be a tremendous asset in successfully driving our company forward.”

The Supervisory Board proposes that in the new contract the base salary, short term incentive and retirement bonus remain at the same level as the current contract (unchanged since 2001), with the latter becoming payable upon signing of the contract. Furthermore, the Supervisory Board proposes to significantly increase the CEO’s long term incentive.

In line with KPN’s articles of association, an Extraordinary General Meeting of Shareholders will be scheduled on 6 November 2007 to approve this proposed change to the long term incentive.

Please note that Ad Scheepbouwer has decided to invest the net proceeds of the EUR 2.5 million retirement bonus in KPN shares one day after the Extraordinary General Meeting of Shareholders.