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Progress on share repurchase program KPN and cancellation of shares
Share KPN
Den Haag, 8-10-07
Further to the EUR 500 million share repurchase program announced on 3 September 2007, KPN announces that, during the week of 1 to 5 October 2007, it has repurchased 2,965,000 KPN ordinary shares at an average price of EUR 11.99. To date, approximately 31% of the repurchase program has been completed. The repurchase program that started on 3 September 2007 will run through 31 December 2007.
On 5 October 2007 KPN concluded the cancellation of 42,767,654 ordinary shares which were repurchased as part of the EUR 1 billion share repurchase program, announced on 6 February 2007 and completed on 30 August 2007. Following this cancellation KPN will have 1,885,783,672 shares outstanding. Since October 2004, KPN has cancelled 608 million shares, representing 24.4% of the total number of outstanding shares.
The remaining 42,301,459 ordinary shares which were repurchased under this EUR 1 billion share repurchase program will be cancelled before year end 2007.
