Jul 23, 2001 of the Netherlands (AEX: PHI, NYSE: PHG) intends to launch a Eurobond
("the Notes") with a short to medium-term maturity. The proceeds will
be used for general corporate purposes.
Philips' existing long-term debt is rated A3 stable outlook by Moody's
and A- stable outlook by Standard & Poors.
For further information:
Andr� Manning, Philips Corporate Communications, tel: +31 20 59 77
199
The Notes have not and will not be registered under the U.S.
Securities Act of 1933 (the "Act") and may not be offered or sold in
the United States absent registration under the Act or an applicable
exemption from the Act's registration requirements.
'Safe Harbor' Statement under the Private Securities Litigation Reform
Act of 1995
This document contains certain forward-looking statements with respect
to the financial condition, results of operations and business of
Philips and certain of the plans and objectives of Philips with
respect to these items.
By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances
that will occur in the future. There are a number of factors that
could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements. These
factors include, but are not limited to, levels of consumer and
business spending in major economies, changes in consumer tastes and
preferences, the levels of marketing and promotional expenditures by
Philips and its competitors, raw materials and employee costs, changes
in future exchange and interest rates (in particular, changes in tax
rates and future business combinations, acquisitions or dispositions
and the rate of technical changes. Market share estimates contained in
this report are based on outside sources such as specialized research
institutes, industry and dealer panels, etc. in combination with
management estimates.
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