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Progress on EUR 1 bn share repurchase program KPN and cancellation of shares
Den Haag, 22-12-08
Further to the share repurchase program announced on 22 October 2008, KPN announces that, from 15 December to 19 December 2008, it has repurchased 4,330,987 KPN ordinary shares at an average price of EUR 10.45. To date, approximately 9% of the repurchase program has been completed. The repurchase program that started on 19 November 2008 will run through 31 December 2009.
On 15 December 2008, KPN concluded the cancellation of 30,703,288 ordinary shares that were repurchased as part of the EUR 1.0 billion share repurchase program, announced on 22 February 2008. Following this cancellation, KPN will have 1,714,362,792 ordinary shares outstanding. With this cancellation, all the shares that have been repurchased under the EUR 1.0 billion share repurchase program of 2008, have been cancelled.
