Press release

Royal Philips Named Top Place to Work on Forbes’ “America’s Best Employers of 2019” List for 5th Year

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Royal
Philips
(NYSE: PHG, AEX: PHIA), a global leader in health
technology, today announced the company earned a top spot on Forbes’
“America’s Best Employers of 2019” list. Philips ranked 156 out of the
top 500 companies nationally. Philips has appeared on this list for all
five years that it has been published. The full list is available at https://www.forbes.com/best-large-employers/.

America’s Best Employers have been chosen based on an independent
survey, conducted by Forbes and Statista,
from a vast sample of 30,000 U.S. employees working for companies
employing at least 1,000 people in their U.S.-based operations. The
willingness to recommend one’s own employer was considered to be the
most important dimension of the assessment.

“The most powerful endorsement any company can receive is one from its
employees,” said Ivette Helal, senior vice president and head of human
resources at Philips North America. “We are committed to maintaining an
inclusive culture in which employees feel empowered by the rewarding
work they do each day – all in service of our mission to improve the
lives of three billion people annually by 2030.”

This ranking comes on the heels of Philips opening a new hub in
Nashville, which will create approximately 800 jobs in the area and
establishes Philips as a committed member of the greater Nashville
business community. By bringing its business closer to the heart of
major, innovation-rich cities, including Pittsburgh, PA, and Cambridge,
MA, Philips generates more opportunities for recruitment, collaboration
and local market growth that will drive the future of health technology
and improve patient outcomes.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology
company focused on improving people’s health and enabling better
outcomes across the health continuum from healthy living and prevention,
to diagnosis, treatment and home care. Philips leverages advanced
technology and deep clinical and consumer insights to deliver integrated
solutions. Headquartered in the Netherlands, the company is a leader in
diagnostic imaging, image-guided therapy, patient monitoring and health
informatics, as well as in consumer health and home care. Philips
generated 2018 sales of EUR 18.1 billion and employs approximately
77,000 employees with sales and services in more than 100 countries.
News about Philips can be found at www.philips.com/newscenter.