Q1 results 2010

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Den Haag, 27-4-10



Solid first quarter, focus on EBITDA, free cash flow and market shares

Highlights

• Continued EBITDA growth of Dutch Telco business
• Revenue growth and solid profitability at Mobile International
• MTA proposals published for the Netherlands and Belgium
• KPN obtained 2x10MHz of 2.6GHz spectrum in the Netherlands
• Continued focus on shareholder returns, EUR 1bn share buyback started
• 2010 and 2011 outlook confirmed





“KPN’s performance in the first quarter of 2010 was solid and confirms our outlook for 2010 and 2011. In the first quarter we continued to feel topline pressure as a result of the economic conditions in the business markets and regulation. However, despite this headwind, our Dutch Telco business maintained its record of good performance with all segments contributing to solid EBITDA growth, due to continued focus on customer value and costs. The service revenue trend in Germany is improving with a continued strong EBITDA margin. We remain committed to our industry-leading shareholder returns and started a EUR 1bn share buyback program for 2010 in February this year.”

Ad Scheepbouwer, CEO KPN

Press release for download here: www.kpn.com/results.htm