Progress on EUR 1 bn share repurchase program KPN and cancellation of shares

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Den Haag, 16-8-10



Further to the share repurchase program announced on 26 January 2010, KPN announces that, from 9 August to 13 August 2010, it has not repurchased KPN ordinary shares. To date, approximately 60% of the repurchase program has been completed. The repurchase program that started on 4 February 2010 is expected to be finalised by the end of 2010.

KPN has concluded the cancellation of 45,533,785 ordinary shares that were repurchased as part of the EUR 1.0 billion share repurchase program of 2010. Following this cancellation, KPN will have 1,572,609,884 ordinary shares outstanding.