Koninklijke Philips N.V.

Pre-Annual General Meeting Information • Feb 24, 2015

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title: "Letter_A4"
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date: 2015-02-23 14:24:00+00:00
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Press Information

February 24, 2015

Philips publishes Agenda for the 2015 Annual General Meeting of Shareholders

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today published the agenda and the explanatory notes for the 2015 Annual General Meeting of Shareholders (AGM).

In view of the sharpening of Philips’ strategic focus announced on September 23, 2014, the voting items on the AGM agenda include the separation of the Lighting business from Royal Philips. It is the current intention to effectuate the separation of the Lighting business through an Initial Public Offering, but other options will continue to be reviewed. A shareholders circular with further information related to this agenda item will be published before March 26, 2015.

The agenda for the AGM also includes the proposal to re-appoint Frans van Houten, Ron Wirahadiraksa and Pieter Nota as the members of the Board of Management for a term of four years. The agenda also includes the proposal to re-appoint Jackson Tai, Heino von Prondzynski and Kees van Lede as members of the Supervisory Board. Additionally, the agenda contains the proposal to appoint Ernst & Young Accountants LLP as external auditor of Philips.

Click here to view the agenda and explanatory notes of the AGM as well as all other documents relating to the AGM.

Philips’ AGM will be held at the Beurs van Berlage in Amsterdam on May 7, 2015, and starts at 14:00 hours CET.

Additional information on the composition of the Supervisory Board and on Philips' full-year results, which were first presented on January 27, 2015, is included in Philips' 2014 Annual Report published today.

For further information, please contact:

Steve KlinkPhilips Group Communications
Tel.: +31 6 1088 8824
E-mail: steve.klink@philips.com

Leandro Mazzoni

Philips Investor Relations

Phone: +31 20 5977055

Email: investor.relations@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 105,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Forward-looking statements

This release may contain 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. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.