Sale by Dutch State of 8% stake in Koninklijke KPN NV

Origineel persbericht.

The Hague, The Netherlands, 22 September 2006

The Dutch State, as represented by the Ministry of Finance, announces that it has agreed on the sale of approximately 87 million ordinary shares in KPN, by way of an accelerated bookbuilt offering, led by Goldman Sachs and Citigroup, as Joint Lead Managers and Joint Bookrunners. In addition, the Dutch State has agreed to sell 80 million ordinary shares to KPN.

The sales represent approximately 8% of KPN's outstanding share capital. With the sales, the Dutch State has sold its entire remaining holding in KPN.

NM Rothschild & Sons Limited advised the Dutch State on this transaction.

For further information, please contact:

Dutch Ministry of Finance: William Lelieveldt +31 6 229 29 252
Rothschild: Nigel Himsworth +44 7802 630 918


This press release is not an offer for sale or a solicitation of any offer to buy any ordinary shares or any other security of KPN in the United States or in any other jurisdiction. The KPN shares referred to in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States unless registered under the Securities Act or an exemption from such registration is available. No public offering of the shares described in this press release is being made in the United States.

Not for release, distribution or publication in whole or in part in or into the United States, Canada, Australia or Japan.

ANP Pers Support, de redactie van het ANP is niet verantwoordelijk voor de inhoud.