Ad Scheepbouwer’s share ownership in KPN increases

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Den Haag, 9-4-10



Today, the share ownership in KPN of Ad Scheepbouwer, Chairman of the Board of Management and CEO of KPN, has increased with 323,276 shares, related to the vesting of shares that were awarded conditionally in 2009. In contrast to market practice, Mr Scheepbouwer has decided not to sell any of these shares to settle the relevant income tax obligation, showing his confidence in the company.

Mr Scheepbouwer has the intention to settle the related income tax obligation of approximately EUR 1.9 mn by using the net proceeds (~ EUR 0.7 mn) obtained after exercising 297,177 options granted in 2005, of which the corresponding shares will be sold. In addition, he will use the net proceeds of the 2007 phantom stock grant (~ EUR 0.5 mn) as well as a private cash payment (~ EUR 0.7 mn) for the remaining tax obligation.

The other members of the Board of Management have no shares vesting or options exercisable in 2010, however, the 2007 phantom stock grants are applicable.