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Philips Electronics Named `Official Consumer Electronics Technology Supplier' to New Film, `Ocean's Twelve'

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Royal Philips Electronics President and CEO Gerard Kleisterlee (left) and CMO Andrea Ragnetti (right) presented "Ocean's Twelve" producer Jerry Weintraub (center) with the first Philips Digital Camcorder. The group celebrated the announcement of Philips as the film's "official consumer electronics technology supplier." Philips is providing a wide variety of products & services to the production.

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AMSTERDAM, Netherlands--(BUSINESS WIRE)--May 24, 2004--Royal Philips Electronics today announced that it will be the "official consumer electronics technology supplier" to the film Ocean's Twelve, currently in production in cities throughout Europe starring George Clooney, Brad Pitt, Matt Damon, Catherine Zeta-Jones, Andy Garcia, Don Cheadle, Bernie Mac and Julia Roberts. The Warner Bros. Pictures presentation, in association with Village Roadshow Pictures, is a sequel to the 2001 blockbuster Ocean's Eleven and is produced by Jerry Weintraub and directed by Steven Soderbergh. It will be released in the United States on December 10 and in Europe on December 15.

Philips is supplying a wide variety of products and services to the production ranging from security technologies and state-of-the-art multi-media monitors to home theater systems and the revolutionary FlatTV with Ambilight (TM).

Producer Jerry Weintraub commented, "I am very pleased to be associated with Philips Electronics, whose products, design and technology are second to none."

"We are excited to align with Ocean's Twelve in a way that enhances the technological aspects of the movie, and highlights Philips' heritage in innovation and design," said Royal Philips Electronics CEO, Gerard Kleisterlee. "Philips is a leader in developing intuitive products that enhance the movie viewing experience; therefore, we see this alliance as a natural extension of Philips' commitment to bringing entertainment to life through smart technology."

About Ocean's Twelve

Ocean's Twelve reunites the entire cast of 2001's worldwide hit Ocean's Eleven and welcomes Oscar winner Catherine Zeta-Jones and internationally acclaimed actor Vincent Cassel. George Clooney, Brad Pitt, Matt Damon, Catherine Zeta-Jones, Andy Garcia, Don Cheadle, Bernie Mac and Julia Roberts lead the stellar ensemble with Academy Award-winning director Steven Soderbergh behind the camera and Jerry Weintraub producing. Stars Casey Affleck, Scott Caan, Elliott Gould, Eddie Jemison and Carl Reiner round out the cast. The film will be executive produced by Susan Ekins, John Hardy and Bruce Berman. The production designer is Philip Messina; the editor is Academy Award winner Stephen Mirrione. The new script is written by George Nolfi. Costumes will be designed by two-time Oscar winner Milena Canonero.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG)(AEX: PHI) is one of the world's biggest electronics companies and Europe's largest, with sales of $32.8 billion (EUR 29 billion) in 2003. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 165,300 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, semiconductors, and medical systems. News from Philips is located at www.philips.com/newscenter. For More Information: Philips Consumer Electronics Nanda Huizing, 31 40 27 80074 Nanda.Huizing@philips.com or Philips Electronics North America Graeme Slattery, 212-536-0872 graeme.slattery@philips.com or Manning Selvage & Lee Chip Bates, 404-870-6839 chip.bates@mslpr.com

Contacts
Philips Consumer Electronics
Nanda Huizing, 31 40 27 80074
or
Philips Electronics North America
Graeme Slattery, 212-536-0872
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