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Den Haag, 7-4-10

Today, KPN has published a position paper regarding the German spectrum auction on its website: http://www.kpn.com/other_publications.

The highlights of the paper are described below:
• E-Plus is interested in new spectrum as an option for decreasing the cost of its plans to increase capacity and coverage in Germany. For increasing its broadband data network coverage, the most cost-effective way would be to utilize 800 MHz frequencies.
• E-Plus will take a disciplined value-driven approach in the auction so that spectrum is only acquired at the right price.
• E-Plus expects to obtain a valuable combination of spectrum due to the large available amount of spectrum.
• Even without 800MHz spectrum, E-Plus will execute planned coverage and capacity upgrades.
• E-Plus is further looking into leveraging its broad experience in partnering as more spectrum opens the scope for more partners and new forms of value-creating partnerships.

KPN remains committed to its shareholder remuneration and financing policies, regardless of the auction outcome.