Insider transactions

Notifications to the Dutch Authority Financial Markets

Under Dutch law, KPN as well as the members of the Supervisory Board and the Board of Management (and certain other insiders) must notify the Dutch Authority for the Financial Markets (AFM) of certain transactions in KPN securities concluded by them or on behalf of them. German law has a similar obligation. The table below provides an overview of recent transactions by members of our Board of Management and Supervisory Board.

A full overview of notifications to the AFM is available on its website: www.afm.nl (under "Public database" "insider transactions 47a WTE" or "WMZ 2a - managing directors and supervisory directors")

Disclaimer

Overview of recent dealings by directors*

Date Name, position Trade Price
15/04/08 M.H.M. Smits, Member Board of Management, Chief Financial Officer Exchange of 115,330 conditional options for 230,660 unconditional options on KPN shares (ISIN: NL0000009082) upon fulfilment of performance criterium EUR 0,=
15/04/08 E. Blok, Member Board of Management Exchange of 100,685 conditional options for 201,370 unconditional options on KPN shares (ISIN: NL0000009082) upon fulfilment of performance criterium EUR 0,=
21/04/08 A.J. Scheepbouwer, Chairman Board of Management, Chief Executive Officer Award of 177,121 conditional restricted KPN shares (ISIN: NL0000009082) EUR 0,=
21/04/08 M.H.M. Smits, Member Board of Management, Chief Financial Officer Award of 63,502 conditional restricted KPN shares (ISIN: NL0000009082) EUR 0,=
21/04/08 E. Blok, Member Board of Management Award of 63,502 conditional restricted KPN shares (ISIN: NL0000009082) EUR 0,=
21/04/08 S.P. Miller, Member Board of Management Award of 34,236 conditional restricted KPN shares (ISIN: NL0000009082) EUR 0,=
21/04/08 J.B.P. Coopmans, Member Board of Management Award of 55,219 conditional restricted KPN shares (ISIN: NL0000009082) EUR 0,=
05/05/08 S.P. Miller, Member Board of Management Exercise of 28,000 share options (ISIN: NL0000009082) against cash settlement. Exercise price option: EUR 6.73 Sales price share: EUR 11.81
13/05/08 A.J. Scheepbouwer, Chairman Board of Management, Chief Executive Officer Exercise of 319,865 share options (ISIN: NL0000009082) against cash settlement on expiry date. Order given 4 months before expiry date. Exercise price option: EUR 5.94 Sale price share: EUR 11.62
13/05/08 E. Blok, Member Board of Management Exercise of 12,000 share options (ISIN: NL0000009082) against cash settlement on expiry date. Order given 4 months before expiry date. Exercise price option: EUR 5.94 Sale price share: EUR 11.62
30/07/08 S.P. Miller, Member Board of Management Award of 43,071 conditional restricted KPN shares (ISIN: NL0000009082) EUR 0,=

*Notification concerning transactions by persons discharging managerial responsibilities pursuant to section 15a of the WpHG

Subcode Inside Information

KPN employees that have access to inside information through the exercise of their employment, profession or duties, including members of the Board of Management or Supervisory Board, are subject to the 'Subcode Inside Information'. This Subcode, that is connected to the Company Code, contains rules for possession of and transactions in KPN securities by such employees.

Subcode Inside Information (PDF, 64 KB)