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Den Haag, 3-9-07

KPN today commences an additional EUR 500 million share repurchase program, following the completion of its accelerated EUR 1.0 billion share repurchase program originally announced on 6 February 2007, bringing the total share repurchases for 2007 to EUR 1.5 billion. Since February 2007, a total of 85 million shares has been repurchased at an average price of EUR 11.76 per share. The cancellation of these shares, representing 4.4% of the total number of outstanding shares is scheduled for the fourth quarter of 2007.

As KPN expects no further material value enhancing acquisition opportunities for the remainder of 2007, it increases its share repurchase program to benefit from the current low share price. Through these continued share repurchases KPN underpins its commitment to provide attractive shareholder returns within the boundaries of its self-imposed financial framework with net debt over EBITDA of 2.0x to 2.5x. In line with its prudent financing policy, KPN has signed bilateral backstop agreements with three relationship banks for a total amount of EUR 1.25 billion.

Ad Scheepbouwer, CEO of KPN, commented: “I’m pleased with the flexibility of our financial framework, providing us with the opportunity to step up our share repurchases to benefit from current low share price in addition to the strengthening of our business through the intended bid for Getronics. We are continuously focused on shareholder value either through sensible value enhancing acquisitions or returning cash to our shareholders.”

During the period of 27 to 30 August 2007, KPN has repurchased 5,771,459 KPN ordinary shares at an average price of EUR 11.58 completing the EUR 1.0 billion share repurchase program.

In line with previous share repurchase programs, KPN has mandated an intermediary to repurchase KPN shares in the open market on KPN’s behalf, allowing the execution of share repurchases during closed periods. The program will be executed in accordance with the terms of the mandate granted by KPN's Annual General Meeting of Shareholders of 17 April 2007 and will end on 31 December 2007. During the repurchase program a weekly press release will be published with an update on the progress made. All repurchased shares will be cancelled in due course.