Subsequent events

Sale of shares in TPV Technology Ltd.

On January 29, 2010, Philips announced that it sold most of its stake in Hong Kong based technology provider TPV Technology Ltd to CEIEC (H.K.) Ltd, a subsidiary of CEC/Great Wall, in an off-market transaction.

This transaction, which is subject to the buyers obtaining applicable consents, authorizations and approvals from the relevant government authorities of the People’s Republic of China, represented 9% of TPV’s issued share capital and reduced Philips’ shareholding to 3%.

This transaction, which has an approximate break-even impact on the results, provides Philips with net proceeds of EUR 95 million in the first quarter of 2010.

Renewal of credit facility

On February 18, 2010, Philips signed a new five-year EUR 1.8 billion committed standby revolving credit facility to replace the existing USD 2.5 billion facility. In line with the previous facility, it does not have a material adverse change clause, has no financial covenants and does not have credit-rating-related acceleration possibilities.