KLM REPORTS OPERATING PROFIT OF EUR 120 MILLION AND NET PROFIT OF EUR 24 MILLION FOR ITS FISCAL YEAR 2003/04

Fourth quarter operating profit of EUR 26 million

AMSTELVEEN, THE NETHERLANDS, MAY 6, 2004 – KLM Group today reported an operating profit of EUR 120 million for the fiscal year ended March 31, 2004. This compares to an operating loss of EUR 484 million last year. Net profit for the year amounted to EUR 24 million, or EUR 0.50 per common share, whereas last year the Group reported a net loss including extraordinary items of EUR 416 million, or EUR 9.26 per common share.