Ad Scheepbouwer extends contract and invests in KPN

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Den Haag, 6-11-07

The Supervisory Board of Royal KPN NV is pleased to announce that in line with his previous intention, Ad Scheepbouwer will stay on as Chairman of the Board of Management and CEO of KPN for the next four years until 1 July 2011. The contract was signed today after the General Meeting of Shareholders approved the arrangement in shares as long-term incentive in Mr. Scheepbouwer’s remuneration package. No changes have been made to the other parts of his remuneration package.


As previously announced, Mr. Scheepbouwer will invest the net proceeds of his EUR 2.5 million pension bonus in KPN shares tomorrow.