KWT Kpnqwest 'c'

RNS Number:0566V
Koninklijke KPN NV
25 April 2002

KPN reiterates its outlook for 2002

 
KPN is confident to reiterate its financial guidance for the full year 2002 
(excluding exceptional items) as announced on March 18, with the publication of 
its annual results 2001:
                                     
• Single digit revenue growth              
• Double digit EBITDA growth              
• Capex reduced by 25% to EUR 2.2 billion
• Positive free cash flow
• Year end net debt target of approximately EUR 14.9 billion

In reaction to the announcement made by KPNQWest yesterday regarding the 
reviewing of its 2002 financial guidance, KPN wishes to state that its maximum 
exposure in relation to its participation in KPNQwest is approximately EUR 700 
million, of which less than EUR 150 million might materialise as a possible 
future cash out.

 
Safe harbour                                                
Certain statements contained in this press release constitute forward-looking 
statements. These statements may include, without limitation, statements 
concerning future results of operations, the impact of regulatory initiatives on 
KPN'S operations, KPN'S and its joint ventures share of new and existing 
markets, general industry and macro-economic trends and KPN'S performance 
relative thereto, and statements preceded by, followed by or including the words 
"believes", "expects", "anticipates" or similar expressions. These 
forward-looking statements rely on a number of assumptions concerning future 
events and are subject to uncertainties, and other factors, many of which are 
outside KPN'S control, that could cause actual results to differ materially from 
such statements. A number of these factors are described (not exhaustively) in 
KPN'S Annual Report on Form 20-F for the year ended 31 December 2001.


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