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2016-07-22

Philips Lighting: Stéphane Rougeot appointed CFO of Philips Lighting

Press Release

July 22, 2016

Stéphane Rougeot appointed CFO of Philips Lighting

Eindhoven, the Netherlands -
Philips Lighting (Euronext Amsterdam: LIGHT) today announced the appointment
of Stéphane Rougeot as Chief Financial Officer, effective September 1, 2016.
Mr. Rougeot succeeds Rene van Schooten Business Group Leader Lamps, who in
addition to his current role held the position on an interim basis for nine
months.

"I am very pleased to welcome Stéphane Rougeot as our new CFO," said Eric
Rondolat, CEO of Philips Lighting. "Stéphane brings impressive executive
experience in financial leadership positions with major international
technology companies. His background will enable him to play a key role in
driving our strategy and reinforcing our leading position in the global
lighting industry, while building strong and durable relationships with the
investor community.

"I want to say a special word of thanks to Rene for doing double duty during
the separation from Royal Philips and subsequent IPO. His leadership as
acting CFO, in addition to his regular roles as Member of the Board of
Management and Business Group Leader Lamps was pivotal to the success of the
IPO." Mr. van Schooten will continue as Management Board Member and Business
Group Leader Lamps.

Mr. Rougeot joins from Technicolor (formerly known as Thomson), the technology
company serving the media industry. He was Chief Financial Officer from 2008
to 2015, and also Head of Strategy and Portfolio Management as of 2012. He
was appointed Deputy CEO, President Technology business group in 2015. Before
Technicolor, he was Group Controller of France Telecom - Orange. He has also
held various senior financial positions, as well as roles in investor
relations and corporate communications.

A French national, Mr. Rougeot holds a post-graduate degree in International
Finance from the Paris IX-Dauphine University and is a graduate of the
Institut d'Études Politiques, both in Paris, France.

The Philips Lighting Supervisory Board will propose the appointment of Mr.
Rougeot to the Board of Management at the next General Meeting of
Shareholders, to be held in May 2017.

For further information, please contact:

Philips Lighting Communications
Eeva Raaijmakers
Tel: +31 6 12350597
E-mail:eeva.raaijmakers@philips.com

Philips Lighting Investor Relations
Jeroen Leenaers
Tel: +31 6 25425909
E-mail:jeroen.leenaers@philips.com

About Philips Lighting

Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in
lighting products, systems and services, delivers innovations that unlock
business value, providing rich user experiences that help improve lives.
Serving professional and consumer markets, we lead the industry in leveraging
the Internet of Things to transform homes, buildings and urban spaces. With
2015 sales of EUR 7.5 billion, we have approximately 36,000 employees in over
70 countries. News from Philips Lighting is located
athttp://www.newsroom.lighting.philips.com

Important information

This press release contains information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.

Press Release_Philips Lighting_CFO Appointment_22072016
http://hugin.info/172838/R/2030079/755047.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Philips Lighting via Globenewswire

HUG#2030079

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