KPN Mobile will not grant shareholder loan
KPN Mobile announced today, that after careful consideration, it has informed Hutchison 3G that it will not grant a shareholder loan of GBP 150 million. KPN Mobile considers that the request for funding as issued by Hutchison 3G in March 2003 is a purely voluntary invitation to fund. KPN Mobile is under no legal obligation under its Shareholders' Agreement with Hutchison Whampoa Limited to meet this request. In September 2002 KPN Mobile announced that it will make no further investments in Hutchison 3G unless required to do so under its Shareholders' Agreement with Hutchison Whampoa Limited.