Koninklijke Philips N.V.

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Publicatie datum 25 mei 2009 - 08:20

Statutaire naam Koninklijke Philips N.V.

Titel Philips reaches an agreement to acquire Saeco International Group S.p.A., a portfolio company of PAI partners

Bericht Amsterdam, the Netherlands – Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has reached a binding agreement to acquire Saeco International Group S.p.A., the Italy-based leading espresso machine maker which is controlled by PAI partners. Successful completion of this transaction is, amongst others, subject to Philips reaching a final agreement with Saeco’s banks with which the company has outstanding credit obligations. Philips will provide additional detailed information about this proposed acquisition if and when conditions for a successful agreement have been met. For further information, please contact: Philips Corporate Communications Arent Jan Hesselink Tel: +31 20 59 77415 Email: arentjan.hesselink@philips.com Philips Italy Communications Sergio Tonfi Tel: +39 39 20 35 855 Email: Sergio.tonfi@philips.com About Royal Philips Electronics Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 116,000 employees in more than 60 countries worldwide. With sales of EUR 26 billion in 2008, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter. About SAECO Saeco is the European leader in automatic espresso coffee machines manufacturing with a 30% market share. Saeco designs, manufactures and distributes aut

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