News Details

AMSTERDAM, The Netherlands & PALO ALTO, Calif.--(BUSINESS WIRE)-- June 1, 2001--Royal Philips Electronics (AEX: PHI, NYSE: PHG) and Agilent Technologies Inc. (NYSE:A) announced today that the U.S. Department of Justice has decided to allow the acquisition of Agilent's Healthcare Solutions Group (HSG) by Philips to proceed without challenge. The parties are working to close the transaction as soon as possible.

Agilent will present financial data showing HSG as a discontinued operation when it files its Form 10-Q for the quarter ended April 30, 2001 with the Securities and Exchange Commission in June 2001.

About Philips Medical Systems

Philips Medical Systems is a leading supplier of diagnostic imaging systems and related services worldwide, represented in more than 100 countries and employing 12,700 people. A worldwide network of research and development and sales and service organizations backs PMS' products. PMS is part of Philips, one of the world's largest electronics companies. Additional information on PMS can be obtained by visiting its homepage at www.medical.philips.com.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR

• 37.9 billion in 2000. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 219,400 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, and medical systems. Philips is quoted on the NYSE (symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.philips.com.

About Agilent Technologies

Agilent Technologies Inc. (NYSE:A) is a global technology leader in communications, electronics, life sciences and healthcare. With 48,000 employees serving customers in more than 120 countries, Agilent had net revenue of $10.8 billion in fiscal year 2000. Information about Agilent can be found on the Web at www.agilent.com.

This news release contains forward-looking statements (including, without limitation, statements relating to completion of the transaction) that involve risks and uncertainties that could cause results of Agilent Technologies to differ materially from management's current expectations. These risks are detailed in Agilent's Annual Report on Form 10-K for the year ended Oct. 31, 2000, and its Quarterly Report on Form 10-Q for the quarter ended Jan. 31, 2001, as filed with the Securities and Exchange Commission.

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