Philips concludes historic agreement with Alberta's Capital Health

Philips Electronics Ltd., today announced that
is has signed a $70 million (CAD) agreement with Capital Health, Canada's
largest academic health region, and the province of Alberta's largest
employer. The agreement will provide improved patient care and increased
access to diagnostic equipment for more than 1.6 million people across central
and northern Alberta.
Under the terms of the multi-year deal - one of the largest agreements of
its kind ever concluded in Canada - Philips will provide Capital Health with
advanced medical technology to diagnose, treat and prevent disease, and will
also support the regional health authority's strategic development by devoting
Philips resources to assist in training, education and medical research.
"Increasingly, healthcare providers are looking for more than innovative
new technologies and products, they are looking for solutions that make it
easier for medical personnel to deliver great care, and which are designed
with the patient experience in mind," said Jouko Karvinen, Chief Executive
Officer (CEO) for Philips Medical Systems. "We are delighted to bring to
Capital Health our advanced patient and user-friendly medical systems."
The agreement will help Capital Health make the management of healthcare
efficient and effective. Specific areas covered in the purchase agreement
include Nuclear Medicine, Ultrasound, Patient Monitoring, X-Ray/Angiography
and Fluoroscopy. Included in the agreement is the Philips Gemini GXL PET CT
scanner, which combines the best of Philips PET and CT molecular imaging
capabilities to help clinicians accurately diagnose abnormalities early in the
progression of disease.
One of nine health regions in Alberta, Capital Health's mandate includes
providing health services to more than 1.6 million residents within central
and northern Alberta and Canada's northwest, ensuring reasonable, responsive
access to quality health services for all individuals and communities.
"This innovative agreement is clearly a breakthrough and demonstrates how
the Canadian healthcare sector and medical industry leaders can work together
strategically to improve people's lives by offering the latest cutting-edge
diagnostic and monitoring technology," said Capital Health President and Chief
Executive Officer Sheila Weatherill. "This enhances the patient experience,
and further improves our ability to offer the very best front line care in a
more timely manner."
Capital Health selected Philips after a three-month review of competitive
proposals submitted by several leading global medical equipment providers.
"We appreciate the breadth, innovation, and quality of the Philips
medical technology, and Philips' demonstrated ability to provide exceptional
service over the lifetime of the contract," added Weatherill.
"When Capital Health first shared their vision with us, we were
immediately struck by the linkages and similarities in our respective
philosophies," said Iain Burns, CEO of Philips Electronics Ltd. (Philips
Canada). "I am proud to say that this agreement represents Philips and Capital
Health's shared vision and dedication to truly first-class health care."
For Capital Health, the agreement introduces a strategic approach to
equipment acquisition within the region, replacing the traditional approach
that has been used in the past. Among the many benefits it will deliver
include making some types of diagnostic and monitoring equipment standard
within the region, reducing the acquisition times for purchases and providing
leading-edge technology to support patient care.

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 $37.66 billion USD (EUR 30.3 billion) in 2004. With activities in the three
interlocking domains of healthcare, lifestyle and technology and 159,700
employees in more than 60 countries, it has market leadership positions in
medical diagnostic imaging and patient monitoring, color television sets,
electric shavers, lighting and silicon system solutions. News from Philips is
located at www.philips.com/newscenter.

About Capital Health

Capital Health in Edmonton is Canada's largest academic health region,
providing complete health services to one million residents in the cities of
Edmonton, Fort Saskatchewan, Leduc, Spruce Grove and St. Albert, and the
counties of Leduc, Parkland, Strathcona and Sturgeon (and communities within
their geographical areas), as well as the Town of Devon and communities in the
eastern part of Yellowhead County. Capital Health serves a total of
1.6 million people across central and northern Alberta, providing specialized
services such as trauma and burn treatment, organ transplants and high-risk
obstetrics. For more information visit www.capitalhealth.ca.

Forward-looking statements

This release may contain certain forward-looking statements with respect
to the financial condition, results of operations and business of Philips and
certain of the plans and objectives of Philips with respect to these items. By
their nature, forward-looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the
future and there are many factors that could cause actual results and
developments to differ materially from those expressed or implied by these
forward-looking statements.

For further information: James Savage, Director, Corporate
Communications, Philips Electronic Ltd., (416) 219-9564, Email:
james.savage@philips.com; Ronna S. Bremer, Director, Public Affairs,
Capital Health, (780) 735-5111, Pager: (780) 445-3641, Email:
rbremer@cha.ab.ca

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