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Progress on share repurchase program KPN and cancellation of shares
Share KPN
Den Haag, 7-4-08
Further to the share repurchase program announced on 5 February 2008, KPN announces that, during 31 March to 4 April 2008, it has repurchased 1,950,000 KPN ordinary shares at an average price of EUR 10.89. To date, approximately 23% of the repurchase program has been completed. The repurchase program that started on 22 February 2008 will run through 31 December 2008.
On 1 April 2008 KPN concluded the cancellation of 40,579,700 ordinary shares which were repurchased as part of the EUR 0.5 billion share repurchase program, announced on 3 September 2007 and completed on 20 December 2007. Following this cancellation KPN will have 1,802,902,513 ordinary shares outstanding.
