Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that it has placed a total of USD 1.5 billion of new Philips Senior Notes. Philips intends to use the net proceeds to redeem the 4.625% Notes due 2013, of which USD 500 million is currently outstanding, and for general corporate purposes which may include the retirement or redemption of other debt.

Philips has placed a total of USD 1.0 billion worth of 3.75% Senior Notes due 2022 and USD 500 million worth of 5.00% Senior Notes due 2042.

Philips has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering of the Notes.  Copies of the prospectus and prospectus supplement, and any other documents that Philips has filed with the SEC containing more complete information about Philips and this offering may be obtained, free of charge, by visiting Koninklijke Philips Electronics N.V. on the SEC’s Web site at www.sec.gov, or by requesting copies from Philips in writing at Breitner Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands.