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Den Haag, 18-10-10

The Supervisory Board of Royal KPN N.V. has today announced its intention to appoint Eelco Blok (1957) as the next Chairman of its Board of Management. The appointment will, as planned, come into effect as of KPN’s Annual General Meeting on April the 6th, 2011, on which date current CEO Ad Scheepbouwer will step down from his position.

Chairman of KPN’s Supervisory Board Jos Streppel: “On behalf of the Supervisory Board, I am very pleased to announce Eelco Blok’s appointment as our new CEO. Mr Blok has played an integral role in establishing KPN’s reputation for generating shareholder value and his skills fit with our Board’s ambition to continue with its strategy. I am keen to work with Eelco Blok as we move forward with our development.”

Mr Blok is a long-term KPN employee and has held numerous management positions since he first joined the Board of Management in 2004. He has since been instrumental in the progressive and successful development of the Company in recent years. Mr Blok has played a key leadership role not only in delivering a significant improvement in the performance of KPN’s Dutch Telco organization, but also more recently in the further profitable development and effective execution of the Company’s ‘Challenger’ strategy in Belgium and Germany.

KPN CEO Ad Scheepbouwer: “I have worked at close quarters with Eelco Blok for a number of years. His understanding of this industry and of this Company, its operations, strategy and its potential, both in the Netherlands and internationally, is unparalleled. I look forward to KPN’s continued success under his leadership.”

In the meantime the Supervisory Board intends to appoint Mr Blok to the position of Chief Operating Officer, in which role he will work closely with Ad Scheepbouwer until the April 2011 handover in order to ensure an orderly transition.

Commenting on his appointment, Eelco Blok said: “Having been a Member of the Board of Management for a number of years, I am very proud to be asked to become the CEO of KPN. I am a firm believer in KPN’s current strategy and financial framework. KPN is a great company with a bright future and talented employees dedicated to giving our customers the best service possible. Our recent success has been built on the basis of a balanced strategy combining valuable customer relationships, excellent service, exacting operational efficiencies, prudent financial policies and attractive shareholder returns.”

The terms and conditions of Mr Blok’s contract comply with the Dutch Corporate Governance Code and with KPN’s remuneration policy (www.kpn.com). He will receive an annual fixed compensation of €800,000, in addition to which he will be entitled to a performance related variable short-term incentive (cash) with an ‘on target’ percentage of 90% of base salary and a long-term incentive (conditional shares) with an ‘on target’ percentage of 135%.

Mr Blok’s profile is available online via www.kpn.com