Philips transactions TV company to a relationship with TPV Technological innovation, TPV takes the managing stake

Philips and TPV declare start of Tv relationship known as TP Vision

- Combined project to power the strong points of Philips and TPV in international Tv market

- Guarantees the future of the Philips company in Television

Amsterdam, the Holland – Noble Philips Gadgets (NYSE:PHG, AEX:PHI) today declared that the purchase to create a Tv relationship with TPV Technological innovation Restricted (0903.HK) has been accomplished. The relationship will be called TP Perspective and will be 70% held by TPV and 30% by Philips. TP Perspective will create, produce and industry Philips known as TV sets.

The realization the contract comes after the necessary merging approval, government and TPV investors home loan approvals were acquired. TP Perspective, with head office in Amsterdam, will be led by Mr. Maarten de Vries. TP Perspective will incorporate the style skills and modern Philips TV history with the developing range, and functional quality, of TPV.

"TP Perspective will be a strong gamer in the international TV industry and will ensure the a continual of the Philips TV company in the marketplaces," said Philips Primary Professional Specialist Frans van Houten. "TP Perspective will power the strength of the Philips company, advancement power and trade connections, with the additional range and developing strong points of TPV. The TV relationship with TPV allows Philips to focus on growing industry authority roles across our Medical care, Customer Way of life and Lighting style areas."

"We are grateful to have Philips as a associate in this Tv relationship," said TPV Chairman and Primary Professional Specialist Jerr Hsuan. "This relationship will boost Philips' company position in the TV space and carry maintainable profits to both investors. Philips and TPV have been lovers for many years and we are assured that together we can become a major gamer in Tv globally."

"TP Perspective is here to stay and grow viably,'' said TP Perspective Primary Professional Specialist Maarten de Vries. "TP Perspective will continue to carry the advanced level of advancement customers expect from a Philips TV. Our lately released 2012 sequence have everything to enjoy the world of digital content provided via delivering and the Web. We believe in creating products that touch the human feelings and are within reach of all customers in the marketplaces we work in."

TP Perspective will be accountable for the style, developing, submission, marketing and sales of Philips' Tv globally, apart from landmass Chinese suppliers, Indian, United Declares, North the united states, Southern region the united states and certain nations in Southern region America. As part of the purchase, the Philips Tv advancement and developing sites, commercial companies, head office and personnel base of close to 3,300 will exchange to TP Perspective.

The key circumstances of the purchase are in line with the statement made on Nov 1, 2011.

Philips Tv has managed as a separate company within Philips Customer Way of life since Jan 1, 2012.