KPN Comments on mmO2 599936

KPN confirms it has no plans to make an offer for mobile operator mmO2

February 24, 2004

1 Min Read

THE HAGUE -- The Board of Royal KPN N.V. (“KPN”) would like to confirm comments made by the Chairman of the Managing Board, Mr. Ad Scheepbouwer, during briefings with analysts this afternoon that it does not intend to make an unsolicited offer for mmO2.

KPN refers to its statement yesterday that discussions have ceased. KPN confirms that it has no current intention to make an offer for mmO2, but for the purposes of Rule 2.8 of the Takeover Code, KPN reserves the right to make an offer for mmO2 in the event that the Board of Directors of mmO2 agrees to recommend an offer by KPN or a third party announces a firm intention to make an offer for mmO2.

KPN Telecom NV

mmO2 plc

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