Good 2010 full-year results

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Den Haag, 26-1-11



Significant improvement in profitability across the Group


Highlights

• ‘Back to Growth’ strategy 2008-2010 delivered good results, despite economic headwinds and regulation
• Continued increase in profitability at Dutch Telco
• Higher service revenue growth in Germany at strong margin
• 2010 dividend per share of EUR 0.80, EUR 1bn share repurchase program of 2010 completed
• Outlook 2011 confirmed, new EUR 1bn share repurchase program for 2011

“We are pleased with the 2010 results achieved despite economic headwinds and severe regulation. The increasing momentum of our ‘Back to Growth’ strategy 2008-2010 delivered strong operating results, robust cash generation and market-leading returns to our shareholders, whilst investing in networks and capacity for our customers. Dutch Telco generated strong EBITDA growth and both Getronics and iBasis positively contributed to the results. Mobile International EBITDA reached a record level while accelerating the roll-out of high speed data networks in Germany and Belgium. With our very sound financial base and the progress we are making in our businesses, we confirm our outlook for 2011. I have full confidence that, under the leadership of Eelco Blok, KPN will continue to go from strength to strength.”
Ad Scheepbouwer, CEO KPN



Press release for download here: www.kpn.com