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Den Haag, 30-5-12

The Board of Management and the Supervisory Board of Royal KPN N.V. (“KPN”) note the publication of the offer memorandum in which América Móvil S.A.B. de C.V. (“América Móvil”) announces its partial offer (through a wholly owned subsidiary) in cash for a number of ordinary shares that, together with all ordinary shares currently held or otherwise purchased by América Móvil or its affiliates outside the partial offer, will represent no more than approximately 27.7% of the total issued and outstanding ordinary shares of KPN, at a price of EUR 8 per ordinairy KPN share (the "Partial Offer").

The Board of Management and the Supervisory Board of KPN will carefully review the Partial Offer in accordance with its fiduciary duties and its commitment to the continuity of KPN and the interests of all shareholders (including the non-tendering shareholders) and other stakeholders. KPN will publish a response to the Partial Offer shortly.

As stated previously, the Board of Management and the Supervisory Board of KPN are of the opinion that EUR 8 per ordinary KPN share substantially undervalues the company. KPN will continue to explore all strategic options.

This is an announcement in accordance with Section 5:25i paragraph 2 of the Dutch Financial Supervision Act (Wet op het financieel toezicht).