Philips reclassified to the Industrial Goods & Services Supersector by FTSE Group’s ICB


Reclassification reflects Philips’ diversified industrial portfolio

June 18, 2012

Amsterdam, the Netherlands – Royal Philips Electronics (NYSE: PHG, AEX:PHI) today announced that it has been reclassified to the Industrial Goods & Services Supersector by FTSE Group’s Industry Classification Benchmark (ICB). Philips was previously classified in the Personal & Household Goods Supersector. ICB is the widely used global standard for company classifications and is adopted by stock exchanges representing over 65% of the world’s market capitalization. The implementation date for the reclassification has been at the close of markets on June 15, 2012 and is effective the next trading day, June 18, 2012.
 
“The reclassification by the ICB reflects the significant steps we have taken to transform our business to capitalize on global trends in highly attractive businesses and geographies,’’ said Philips Chief Executive Officer Frans van Houten. “Following the transaction to create the Television joint venture, Philips’ portfolio is now well aligned to our strategy of building on our leadership positions in health and well-being. The reclassification will help investors accurately value and assess the changes we have made to our portfolio.”
 
The ICB system categorizes more than 70,000 companies and 75,000 securities worldwide, enabling the comparison of companies across four levels of classification and national boundaries. The ICB system is supported by the ICB Database, a data source for global sector analysis, which is maintained by FTSE Group. 

For further information, please contact:

Steve Klink
Philips Corporate Communications:
Tel: +31 6 10888824
Email: steve.klink@philips.com

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About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 122,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.6 billion in 2011, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

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