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Den Haag, 6-4-11

Royal KPN N.V.’s Annual General Meeting of shareholders today approved proposed changes to remuneration for Members of the Board of Management. Variable incentives for Board Members will become more transparent and more heavily weighted towards the long term. Furthermore, long term incentives will in future also include non-financial targets for reputation and energy efficiency. Finally, a recommendation will be adopted that Members of the Board of Management should build up a share holding in the Company over a specific period.

The new remuneration policy ensures that KPN keeps pace with recent developments in executive pay and Corporate Governance. The new policy is a better fit with the essence of the Company; focussed on the long term, socially engaged and with a balanced financial policy. The key principles of the new policy will apply for the rest of KPN’s senior management.

Besides the adjustments to the remuneration policy for Members of the Board, the AGM further approved a proposed increase to the fees payable to Members of the Supervisory Board. Supervisory bodies are being confronted with increases to both workload and responsibilities.

Detailed information about the proposed adjustments adopted can be found in the agenda for the KPN AGM as well as in KPN’s Annual Report 2010 (pp 58).