Koninklijke Philips N.V.

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Publicatie datum 13 sep 2007 - 08:37

Statutaire naam Koninklijke Philips N.V.

Titel Philips sells entire stake in US-based Nuance Communications

Bericht September 13, 2007 PHILIPS SELLS ENTIRE STAKE IN US-BASED NUANCE COMMUNICATIONS Amsterdam, The Netherlands – Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced that yesterday it sold its stake of approximately 4.6 million shares in US-based Nuance Communications Inc. (NASDAQ: NUAN). The transaction, which closed yesterday, will provide Philips with proceeds of approximately EUR 60 million, and will result in a non-taxable gain of approximately EUR 30 million in the third quarter. This transaction is in line with Philips’ strategy to focus on Philips’ key businesses in the sectors of Healthcare, Lighting and Consumer Lifestyle. Prior to this transaction, Philips held 2.5 percent of Nuance’s outstanding shares. Following this transaction, Philips no longer has a stake in Nuance. For further information, please contact: Jayson Otke Philips Corporate Communications Tel: +31 20 59 77215 Email: jayson.otke@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 125,800 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 appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter. Forward-looking statements This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances

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200709130000000007_2007-09-13 no. 55 Philips sells entire stake in US-based Nuance Communications.doc (opens in a new window)

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