This is a public announcement by América Móvil, S.A.B. de C.V. ("América Móvil") pursuant to the provisions of
Section 4 paragraph 1 and Section 4 paragraph 3 of the Dutch Decree on Public Takeover Bids (Besluit openbare
biedingen Wft, the "Takeover Decree"). This announcement and related information do not constitute a public offer to
sell or the solicitation of an offer to buy or subscribe for any securities. Any offer will be made only by means of an
offer memorandum.
The offer described in this announcement will be made for the ordinary shares of Koninklijke KPN N.V., a public
limited liability company incorporated under Dutch law, and is subject to Dutch disclosure and procedural
requirements, which are different from those of the United States. The offer will be made in the United States in
compliance with Section 14(e) of, and Regulation 14E under, the U.S. Securities Exchange Act of 1934, as amended
(the “U.S. Exchange Act”), subject to the exemptions provided by Rule 14d-1(d) under the U.S. Exchange Act and
otherwise in accordance with the requirements of Dutch law. Accordingly, the offer will be subject to disclosure and
other procedural requirements, including with respect to withdrawal rights, the offer timetable, settlement procedures
and timing of payments, that are different from those applicable under U.S. domestic tender offer procedures and
laws.
To the extent permissible under applicable law or regulation, América Móvil, S.A.B. de C.V. and its affiliates or brokers
(acting as agents for América Móvil, S.A.B. de C.V. or its affiliates, as applicable) may from time to time after the date
hereof, and other than pursuant to the offer, directly or indirectly purchase, or arrange to purchase, ordinary shares of
Koninklijke KPN N.V., that are the subject of the offer or any securities that are convertible into, exchangeable for or
exercisable for such shares. To the extent information about such purchases or arrangements to purchase is made
public in The Netherlands, such information will be disclosed by means of a press release or other means reasonably
calculated to inform U.S. shareholders of Koninklijke KPN N.V. of such information. In addition, the financial advisors
to América Móvil, S.A.B. de C.V., may also engage in ordinary course trading activities in securities of Koninklijke KPN
N.V., which may include purchases or arrangements to purchase such securities. For purposes of this press release
any reference to América Móvil shall where appropriate include Carso Telecom B.V., the affiliate designated by
América Móvil to make the Intended Offer (as defined below). Any reference in this press release to a "voluntary public
offer" and "voluntary tender offer" shall be construed as references to a full offer (volledig bod) as referred to in
Section 1 paragraph b of the Takeover Decree.
The offer price shall be reduced by the per share amount of any dividends or other distributions paid or declared by
Koninklijke KPN N.V. following the date hereof and prior to the settlement of the offer.
“AMX gives update on timing of Intended Offer for KPN”
Mexico City, Mexico, September 27, 2013 -- América Móvil, S.A.B. de C.V. (“América
Móvil” or “AMX”) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL)
announced today that – with reference to its earlier announcements made on August 9, 2013
and August 21, 2013 – launch of the voluntary public offer in cash for all issued and
outstanding ordinary shares in the capital of Koninklijke KPN N.V. ("KPN") at an offer price of
EUR 2.40 per share (the "Intended Offer") is no longer expected to occur in September
2013.
As previously announced, América Móvil is engaged in dialogues with KPN and
stakeholders of KPN in relation to the Offer, and
intends to allow for sufficient time for such
discussions to be pursued.
América Móvil is making good progress towards finalizing preparations for the Intended Offer
and currently expects that, in case it decides to proceed with making the Intended Offer, the
offer memorandum will be published and the In
tended Offer will be made in the course of
October 2013.
As set out in América Móvil’s announcements dated August 30, 2013 and September 12,
2013, América Móvil continues to carefully evaluate all options available to it in respect of
the announcements made by the Stichting Preferente Aandelen B KPN (the "Foundation")
and KPN on August 29, 2013 in relation to the exercise of the call option by the Foundation
and the issue of the preference shares B by KPN, and to reserve any or all rights in this
respect, including the right to withdraw the Intended Offer or, if the Intended Offer is made,
the right to not declare the Intended Offer unconditional if the Foundation's ability to hold,
acquire or vote preference shares B is retained.
About América Móvil
América Móvil is the leading provider of telecommunication services in Latin America. As of
June 30, 2013, it had approximately 262 million wireless subscribers and approximately 67
million fixed revenue generating units in the Americas.
**********