KPN and Getronics are making good progress with preparations for the recommended public offer for Getronics

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Den Haag, 29-8-07

Following the joint public announcement dated 30 July 2007 by Royal KPN N.V. (“KPN”) and Getronics N.V. (“Getronics”) regarding the intended public offer for all the issued and outstanding ordinary shares in the capital of Getronics (“Shares”) at an offer price of EUR 6.25 in cash per Share, inclusive of any dividend payable for the financial year 2007, KPN and Getronics confirm that they are making good progress with preparations for the recommended public offer for Getronics.

KPN further intends to make offers for all of the issued and outstanding senior notes convertible into ordinary shares in the capital of Getronics, as well as for the cumulative preference shares issued by Getronics. The intended all-cash offer prices are EUR 1,040 (plus accrued interest) per EUR 1,000 in principal amounts of the EUR 100,000,000 5.5% listed unsubordinated convertible bonds due 2008, EUR 50,500 (plus accrued interest) per EUR 50,000 in principal amounts of the EUR 150,000,000 2.75% listed senior unsecured convertible bonds due 2010 and EUR 52,500 (plus accrued interest) per EUR 50,000 in principal amounts of the EUR 95,050,000 3.875% listed senior unsecured convertible bonds due 2014.

The commencement of the offers is subject to the satisfaction or waiver of certain pre-offer conditions as set out in the joint public announcement dated 30 July 2007. Both KPN and the Dutch division of Getronics (Getronics PinkRoccade) have received a positive advice from their works councils with regard to the intended offers.

KPN currently holds 29.9% of the Shares (representing 23.1% of the total issued share capital of Getronics), which it has acquired in ordinary stock exchange trading after the initial announcement of the intended offers on 30 July 2007.

With reference to article 9g paragraph 1 sub a of the Dutch Decree on the Supervision of the Securities Trade 1995 (Besluit toezicht effectenverkeer 1995), KPN expects the offer memorandum, containing the terms and conditions of the offers, to be made publicly available in the first half of September 2007.