NEW YORK, December 8 /PRNewswire/ --

JANA Partners LLC, through funds and accounts it manages, and certain entities in the D. E. Shaw group separately hold equity interests and derivative positions in Koninklijke Philips Electronics N.V. ("the Company"). Such investors intend to act together to jointly communicate their views, publicly or privately, regarding operating performance and capital structure to the Company in the future. The investors hold direct and indirect interests representing approximately 1.6% of the outstanding common shares of the Company. Independently, each investor may transact directly in shares of the Company, including buying or selling, or engage in derivative transactions in respect of shares of the Company depending on various factors including without limitation economic conditions and the Company's performance.

New York: Andy Merrill, andy.merrill@finsbury.com, or Tripp Kyle, tripp.kyle@finsbury.com, +1-212-303-7600; London: Matthew Newton, matthew.newton@finsbury.com, or Ryan O'Keeffe, ryan.o'keeffe@finsbury.com, +44-207-251-3801, all of Finsbury Group for the D. E. Shaw group