Mr. Hayko Kroese appointed group Human Resources Director

Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced the appointment of Hayko Kroese as global head of Human Resources Management for the Company, reporting to Gerard Kleisterlee, Philips’ President and Chief Executive Officer. Mr. Kroese (51), a Dutch citizen, has extensive HR experience in and outside Philips and currently works as global head of Human Resources Management in the Medical Systems division. The appointment will take effect from February 1, 2007. Mr. Kroese will be proposed to the Supervisory Board as a member of Philips’ Group Management Committee as of the same date.

Mr. Kroese will succeed Tjerk Hooghiemstra who will leave the company at his own request, having worked at Philips for over a decade, first as head of HRM in the Consumer Electronics division and since January 2000 as global head of HRM for the Company.

Mr. Kleisterlee commented: “We respect Tjerk’s wish for a career change and thank him for his key contribution to the development of the HRM function in Philips in a period of profound transformation of the Company.With this foundation in place, I look forward to work closely with Hayko to bring the company’s talent agenda to its next phase, in line with our ambitions to accelerate profitable growth and step up our efforts in employee engagement.”

Hayo Kroese