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Den Haag, 13-11-12

KPN announces that it has increased its ownership in the Fiber-to-the-Home (“FttH’) joint-venture Reggefiber with an additional 10% to 51%, for an amount of EUR 99m. Following completion of the acquisition of four fiber service providers on 19 October 2012, this is another important step on KPN’s roadmap to strengthen its commitment to FttH in The Netherlands.

As outlined in the press release dated 9 November 2011 the amended Reggefiber joint-venture agreement includes three options to increase KPN’s ownership based on a pre-defined timeline alongside operational milestones. In October 2012, Reggefiber reached the milestone of 1.0m Homes Connected and consequently the first option became exercisable.

Following this transaction, Reggefiber will not be consolidated. The current situation of joint-control does not change and Reggefiber continues to be accounted for by means of the equity method. Reference is made to the Reggefiber joint-venture paper dated and published on KPN’s website on 9 November 2011.