Philips provides update on its closing share price on Euronext Amsterdam on October 19, 2020

October 19, 2020

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) provided an update that it has been informed by Euronext that they are experiencing a technical failure that prevents Euronext Amsterdam to provide an accurate closing price for Philips today.

Euronext informed the company that the closing share price for Philips on Monday October 19, 2020, will be close to EUR 42.305, which was the last recorded price in the regular trading hours of Euronext Amsterdam.

Euronext is currently working to resolve the issue.

For further information, please contact:

Steve KlinkPhilips Global Press OfficeTel.: [phone]E-mail: [e-mail]

Leandro MazzoniPhilips Investor RelationsTel.: [phone]E-mail: [e-mail]

About Royal PhilipsRoyal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2019 sales of EUR 19.5  billion and employs approximately 81,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements This release contains 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. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.