KPN issues 10 year EUR 1.0bn Eurobond

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Den Haag, 15-9-10

The bond has been issued under KPN’s Global Medium Term Note programme and will be listed on Euronext Amsterdam. The proceeds of this bond will be used to refinance debt in connection with the tender offer announced on 8 September 2010. With this bond KPN extends its maturity profile.

KPN has a credit rating of BBB+ with stable outlook by S&P and Baa2 with stable outlook by Moody's.

BNP Paribas, Citi, Deutsche Bank and Rabobank have acted as joint book runners for this transaction.