Mr. Louis Schweitzer to step down from Supervisory Board of Royal Philips Electronics

Mr. Louis Schweitzer to step down from Supervisory Board of Royal Philips Electronics

Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced that Mr. Louis Schweitzer, Vice Chairman and Secretary to Philips’ Supervisory Board, will step down from Philips’ Supervisory Board effective upon the closing of Philips’ 2008 Annual General Meeting of Shareholders, to be held March 27, 2008. Mr. Schweitzer expressed his wish to relinquish this position in view of his announced appointment as chairman of the supervisory board of the French newspaper group Le Monde.

“I would like to express my sincere gratitude to Mr. Schweitzer, who has been an active member of Philips’ Supervisory Board for more than 10 years,” said Philips’ Chairman of the Supervisory Board, Mr. Wim de Kleuver. “During close to three full terms on Philips’ Supervisory Board, Mr. Schweitzer provided very valuable guidance and counsel to Philips during a significant period of transition at the company.”

A former CEO of Renault and Renault-Nissan BV and current chairman of the board of Renault and AstraZeneca, Mr. Schweitzer first joined Philips’ Supervisory Board in 1997 and became Vice-Chairman and Secretary Member of the Supervisory Board in 2005.

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