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Den Haag, 9-9-11

The Supervisory Board of Royal KPN N.V. announces its intention to appoint Mr Thorsten Dirks to KPN’s Board of Management. The Supervisory Board will inform shareholders of the appointment during an Extraordinary General Meeting of Shareholders (EGM) which is expected to be held in November.
Thorsten Dirks (48) joined E-Plus in 1996, where he held various management positions culminating in his appointment as its CEO in 2007. Mr Dirks was most recently given responsibility for all of KPN’s international mobile activities, following Eelco Blok’s succession to the post of CEO and Chairman of the Board of KPN. He will henceforth maintain this responsibility for Mobile International at Board level as well as remaining CEO of E-Plus.
KPN CEO Eelco Blok: “We are very pleased to welcome Thorsten Dirks to the KPN Board. He brings substantial experience of the international mobile business, as well as outstanding knowledge of innovation, networks and IT. The international mobile business is one of the cornerstones of the ‘Strengthen, Simplify, Grow’ strategy that we outlined earlier this year. I know Thorsten as a very decisive and experienced manager, with an excellent track record in execution.”
The conditions of Mr Dirks’ contract largely fit within KPN’s remuneration policy and the Dutch Corporate Governance Code. His contract consists of a Dutch and a German part as he is working in both countries. He will earn a total base salary of EUR 650.000 per year. Mr Dirks is also eligible to a short and long term variable incentive, which are dependent on the performance of KPN versus the company’s financial and/or non-financial targets (including reputation and environmental performance). The conditions deviate in two respects from the remuneration policy. Given the short remaining period until the end of the year Mr Dirks will continue to be eligible for the variable incentives for 2011 agreed under his current contract. Mr Dirks’ existing German contract furthermore contains a non-competition clause for which he will, as required by German law, receive a compensation. In case of a termination of his appointment by the company, he will receive this compensation on top of the severance fee of twelve months that may be due and that is part of KPN’s remuneration policy and the Dutch Corporate Governance Code. For full details of KPN’s remuneration policy, please see page 58 onwards of KPN’s Annual Report and agenda item 9 of this year’s AGM, held on April 6th 2011.