Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced that President and Chief Executive Officer Gerard Kleisterlee will give an update at today’s Annual General Meeting of Shareholders (AGM) on the implementation of Philips’ strategy to become the leading company in Health & Well-being and will expand on the strong longer-term prospects of Philips’ much-simplified business portfolio.

Mr. Kleisterlee will also provide an update on how Philips continues to actively manage its financial performance in the current economic environment. “While many of our businesses still have limited visibility on demand for the second half of 2010, I am happy to be able to share with you today that compared to last year, we got off so far to a very good start in terms of business performance. This is due in particular to our Lighting sector and to most emerging markets across all our businesses,” Mr. Kleisterlee said during his presentation.

For more information about Philips’ 2010 AGM, which starts today at 1400 CET at the Okura Hotel in Amsterdam, please visit this site: http://www.philips.com/about/investor/corporategovernance/shareholderinfo/shareholdermeetings/index.page. The AGM can be followed live via audiocast via this link: http://pulse.companywebcast.nl/Playerv1_0/default.aspx?id=3988&lid=2