KPN: Two America Movil Executives Nominated for Supervisory Board

AMSTERDAM--Dutch telecommunications company Royal KPN NV (KPN.AE) said Wednesday that two executives of America Movil SAB(AMX) will be nominated for appointment as members of its supervisory board, as part of a deal with its largest shareholder.

MAIN FACTS:

-KPN said that the Supervisory Board nominates Mr García Moreno Elizondo, CFO of América Móvil ("AMX") and Mr von Hauske, COO and board member of AMX, for appointment as members of the Supervisory Board.

-These nominations are related to the relationship agreement between KPN and AMX. AMX will vote in favour of KPN's capital raise subject, among other things, to the appointment of two Supervisory Board members designated by AMX.

-The Supervisory Board consists of eight members of which four members, Mr Risseeuw, Ms Van Lier Lels, Mr Routs and Mr Haank, will step down since the end of their four-year term is reached.

-Furthermore, Mr Bischoff will step down as a member of the Supervisory Board due to other commitments. Mr Bischoff has been a member of KPN's Supervisory Board for the last ten years.

-The Supervisory Board firmly believes that it is in the best interest of the company to ensure continuity in the Supervisory Board. In that respect, Ms Van Lier Lels, Mr Routs and Mr Haank have indicated that they are available for reappointment. The Supervisory Board nominates Ms Van Lier Lels, Mr Routs and Mr Haank for reappointment to the Supervisory Board.

-The nominations are part of the agenda of KPN's Annual General Meeting of Shareholders, to be held on April 10th, 2013.

- By Amsterdam Bureau, Dow Jones Newswires; [e-mail]