KPN announces cancellation preference shares B

Summary

Today, Royal KPN N.V. (“KPN”) announces the cancellation of the outstanding preference shares B, pursuant to the request by the Foundation Preference Shares B KPN (“Foundation”) on 10 November 2013, and the subsequent decision by the Extraordinary General Meeting of Shareholders on 10 January 2014.

A total of 4,258,098,272 preference shares B were outstanding with the Foundation. This cancellation will result in a repayment to the Foundation of the payment made, amounting to 25% of the nominal value of the preference shares B, increased by an amount similar to a dividend in proportion to the time the shares were outstanding.