Progress on EUR 1 bn share repurchase program KPN

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Den Haag, 24-11-08

Further to the share repurchase program announced on 22 October 2008, KPN announces that, during 19 November to 21 November 2008, it has repurchased 630,790 KPN ordinary shares at an average price of EUR 10.48. To date, approximately 1% of the repurchase program has been completed. The repurchase program that started on 19 November 2008 will run through 31 December 2009.