May 11, 2017

Philips Annual General Meeting of Shareholders approves proposals made to shareholders

Amsterdam, The Netherlands - Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Annual General Meeting of Shareholders (AGM) has approved the re-appointment of Jeroen van der Veer and Christine Poon as members of the Supervisory Board. The proposals to amend the Remuneration Policy of the Board of Management and revise the Long-Term Incentive Plan were also approved at the AGM.

The other proposals voted on at the AGM, including the proposal to pay a dividend of EUR 0.80 per share over 2016, were also adopted. More information about the optional dividend can be found via this link.

Additional information on the composition of the Board of Management, the Executive Committee and the Supervisory Board can be found here.

Philips’ 2016 results are included in Philips’ 2016 Annual Report that was published on February 21, 2017.

For more information about Philips’ 2017 AGM, please click on this link.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips' health technology portfolio generated 2016 sales of EUR 17.4 billion and employs approximately 70,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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