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

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Den Haag, 14-3-11



Further to the share repurchase program announced on 26 January 2011, KPN announces that, from 7 to 11 March 2011, it has repurchased 2,154,603 KPN ordinary shares at an average price of EUR 11.90. To date, approximately 7% 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.

KPN has concluded the cancellation of 44,358,475 ordinary shares that were repurchased as part of the EUR 1.0 billion share repurchase program of 2010. Following this cancellation, KPN will have 1,528,251,409 ordinary shares outstanding. With this cancellation, all 89,892,260 shares that have been repurchased under the EUR 1.0 billion share repurchase program of 2010, have been cancelled.