Philips Lumileds and Future Electronics Restructure Principal Distribution Agreement

  Philips Lumileds and Future Electronics Restructure Principal Distribution
  Agreement

Business Wire

SAN JOSE, Calif. -- December 20, 2012

Philips Lumileds and Future Lighting Solutions, a division of Future
Electronics, announced today they have restructured their long-standing
distribution agreement. The new arrangement allows both companies to build
upon their long-standing relationship while creating new opportunities for
additional partnerships.

The new agreement builds on a relationship that has enabled the growth for
both companies through the development of solid-state lighting solutions
worldwide. "Our restructured agreement allows us to continue our collaboration
with a long-term, trusted and successful partner. With the new agreement, we
are able to serve the needs of our growing customer base and carry on our
widespread expansion into new target markets,”said Pierre-Yves Lesaicherre,
CEO Philips Lumileds.

The Philips Lumileds and Future Lighting Solutions partnership will continue
to provide customers with access to the world’s most comprehensive portfolio
of application specific LED solutions. Philips Lumileds will now have the
opportunity to distribute and sell its LED products through additional
partners in various regions. Future Lighting Solutions will now have the
opportunity to distribute other suppliers’ solid-state lighting lines.

“Philips Lumileds will continue to be a valued partner for us. We at Future
Lighting Solutions will now have the opportunity to expand our portfolio of
products in order to address the needs of our lighting customers. We are
excited with this development,”said Gerry Duggan, Executive Vice President,
Future Electronics.

About Royal Philips Electronics

Royal Philips Electronics (NYSE: PHG, AEX: PHIA) is a diversified health and
well-being company, focused on improving people’s lives through meaningful
innovation in the areas of Healthcare, Consumer Lifestyle and Lighting.
Headquartered in the Netherlands, Philips posted 2011 sales of EUR 22.6
billion and employs approximately 122,000 employees with sales and services in
more than 100 countries. The company is a leader in cardiac care, acute care
and home healthcare, energy efficient lighting solutions and new lighting
applications, as well as male shaving and grooming, home and portable
entertainment and oral healthcare. News from Philips is located at
www.philips.com/newscenter.

Contact:

Philips Corporate Communications
Amy Shanler, 978-659-4463
Amy.shanler@philips.com