Announcement conversion rate interim dividend 2012

The Hague – On 6 August 2012, PostNL N.V. declared an interim dividend 2012 of €0.181 per ordinary share, that is payable fully in ordinary shares.

Shareholders will receive one new PostNL N.V. ordinary share for every 16 dividend rights. This represents a value of €0.1824 per dividend right which is a 0.77% premium above the value of the declared interim dividend. The conversion rate was based on the volume-weighted average share price (€2.9184) for all PostNL N.V. shares traded on NYSE Euronext Amsterdam over the three trading day period from 7 Augustus up to and including 9 Augustus 2012.
 
The interim dividend paid in shares will be sourced from the additional paid-in capital that is recognised for Dutch dividend withholding tax purposes and consequently free from such withholding tax.
 
Approximately 25.9 million new ordinary shares will be issued as interim dividend 2012. The delivery of shares will take place as of 13 August 2012.