KPN, Hutch Resolve Disputes

LONDON -- KPN Mobile N.V. and Hutchison Whampoa Limited have resolved their disputes regarding Hutchison 3G UK Holdings Ltd ("Hutchison 3GUK"), in which KPN Mobile has a 15% stake.

KPN Mobile will transfer its shareholding in Hutchison 3GUK to HWL for GBP 60 million and three further planned payments each of GBP 10 million in 2005, 2006 and 2007. HWL will assume legal ownership of the shares after the final payment and KPN Mobile will not exercise its rights in respect of the shares in the interim. The court actions and shareholders agreement between the parties have been terminated. KPN Mobile has no further financial commitments to Hutchison 3GUK.

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