Progress on EUR 1 bn share repurchase program KPN

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Den Haag, 7-3-11



Further to the share repurchase program announced on 26 January 2011, KPN announces that, from 28 February to 4 March 2011, it has repurchased 1,933,819 KPN ordinary shares at an average price of EUR 11.77. To date, approximately 5% of the repurchase program has been completed. The repurchase program that started on 21 February 2011 is expected to be finalised by the end of 2011.