Den Haag, 3-7-12



The Supervisory Board of Royal KPN N.V. announces its intention to appoint Mr Eric Hageman to KPN's Board of Management as the company's Chief Financial Officer. The Supervisory Board will inform shareholders on the appointment at an Extraordinary General Meeting of Shareholders ("EGM") which is expected to be held in September 2012.

Mr Hageman has been acting as full time interim CFO since January 2012 and will continue this role until he takes on his position as CFO at the EGM. Mr Eric Hageman (42) joined KPN in 2005 and most recently held the position of CEO KPN Group Belgium. Previously, Mr Hageman worked for nearly a decade as a corporate financier in London, where he advised companies in the Telecoms, Media and Technology sectors.

Mr Steven van Schilfgaarde, CEO Corporate Market NL, has been acting next to Mr Hageman as part-time interim CFO since January 2012. Mr van Schilfgaarde will continue this role until the EGM.

Chairman of the Supervisory Board Jos Streppel said: "We are very pleased to present Eric Hageman as our new CFO. We have conducted a comprehensive review of both internal and external candidates and found the best person for the job. Eric brings substantial financial markets experience to the Board and continuity in our financial policy which is aimed at creating value for our shareholders and other stakeholders. Continuity is also important in achieving the goals set in our "Strengthen, Simplify and Grow" strategy, particularly in light of the current accelerated investment strategy in The Netherlands."

The terms and conditions of Mr Hageman's employment contract fit within KPN's remuneration policy, as approved by the General Meeting of Shareholders. Mr Hageman will earn a base salary of EUR 575,000 per year. Mr Hageman is also eligible for a short term variable cash incentive and a long term variable incentive (based on conditional shares), which are both related to the performance of KPN.

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