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Dec 12, 2018

Philips CFO Abhijit Bhattacharya to step down from Signify’s Supervisory Board

Amsterdam, the NetherlandsRoyal Philips (NYSE: PHG, AEX: PHIA) today announced that its CFO Abhijit Bhattacharya will step down from Signify’s (Euronext: LIGHT) Supervisory Board per December 31, 2018, as Philips’ shareholding in Signify’s issued share capital has reduced to 15.4%. Philips reiterates its intention to fully sell down its stake over time. 

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 generated 2017 sales of EUR 17.8 billion and employs approximately 77,000 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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Ben Zwirs

Ben Zwirs

Philips Group Press Office

Tel: +31 6 1521 3446

Ksenija Gonciarenko

Ksenija Gonciarenko

Philips Investor Relations

Tel: +31 20 59 77055

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