Progress on EUR 1 bn share repurchase program KPN

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Den Haag, 11-7-11



Further to the share repurchase program announced on 26 January 2011, KPN announces that, from 4 July to 8 July 2011, it has repurchased 1,000,000 KPN ordinary shares at an average price of EUR 9.79. To date, approximately 68% of the repurchase program has been completed. The repurchase program that started on 21 February 2011 is expected to be finalised around 1 October 2011.