Koninklijke Philips N.V.

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Publicatie datum 22 mei 2007 - 08:50

Statutaire naam Koninklijke Philips N.V.

Titel Philips CEO reconfirms strategic direction to market at annual EPG conference in Florida

Bericht May 22, 2007 PHILIPS CEO RECONFIRMS STRATEGIC DIRECTION TO MARKET AT ANNUAL EPG CONFERENCE IN FLORIDA Longboat Key, Florida, USA – Today, Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics (NYSE: PHG, AEX: PHI), will be giving a presentation at the Electrical Products Group 2007 Annual Spring Conference organized by Morgan Stanley in Longboat Key, Florida, USA, in which he will update the market on Philips’ continuing transformation into a healthcare, lifestyle and technology company. In his presentation, Mr. Kleisterlee will discuss how Philips has evolved into a simpler, more focused company with a portfolio of operations focused on value creation and sustainable growth. Mr. Kleisterlee will also discuss recent acquisitions, and will elaborate on the company’s growth strategy going forward, including the ongoing reallocation of capital. At the conference, Mr. Kleisterlee will also re-confirm that Philips is on track to meeting its EBITA-target, which is to exceed 7.5% of sales in 2007. The presentation starts at 8:15 AM local time, or 14:15 PM Amsterdam time (CET), and will be available via audio webcast. To listen to this webcast, please visit: http://www.philips.com/About/Investor/Section-13620/Index.html For more information, please contact: Arent Jan Hesselink Philips Corporate Communications Tel.: +31 20 59 77415 Email: arentjan.hesselink@philips.com About Royal Philips Electronics Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 124,300 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home applianc

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