LONDON, United Kingdom. - 4th April, 2002 - With the Internet expected to draw record numbers of fans hungry for football information about this summer's 2002 FIFA World Cup Korea/Japan™, Yahoo! Inc. (Nasdaq: YHOO) and Fédération Internationale de Football Association (FIFA), in association with Royal Philips Electronics (AEX: PHI, NYSE: PHG), have teamed to create a graphics-based, real-time online feature called "Philips MatchCast."

Available exclusively on FIFAworldcup.com, the Official Web site of the 2002 FIFA World Cup, Philips MatchCast gives fans unprecedented online access to live, official, and automatically-updated information, including:
· running game clock, match scoring, penalties and statistics
· continuous play-by-play, interspersed with editorial comment of FIFA football experts
· team badges and kits, including links to player bios and images
· stadium weather conditions, match attendance and scores from other matches
· graphics and photographs, scrolling football facts and trivia
· links to additional information on FIFAworldcup.com

Through its involvement on FIFAworldcup.com, Philips is reaching millions of passionate football fans globally and regionally through Philips MatchCast and various multi-media advertising units across the official site. In addition, Philips is receiving additional visibility on the global Yahoo!Ò network. Philips is an existing Official FIFA Partner, and its official FIFA World Cup Web site involvement further underscores its longtime commitment to football.

"We welcome Philips to the world-class family of quality partners," said Randy Bernstein, vice president, Yahoo!-FIFA World Cup relationship. "The Internet's role during this FIFA World Cup will be unprecedented given the time difference in Asia and explosive growth of the Internet since the 1998 FIFA World Cup. Philips' decision to play such a high-profile role on FIFAworldcup.com through Philips MatchCast illustrates its commitment to enhancing how fans experience the game."

Mark Kerray, Head of Philips' Global Brand Management, said: "As part of our global marketing efforts, we are pleased to offer the Philips MatchCast feature with Yahoo! and provide all fans around the world real time access to the FIFA Worldcup wherever they are. Philips is committed to enhancing the football experience through its technologies - this initiative is a clear demonstration of that effort."

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'Philips MatchCast,' Comes to FIFAworldcup.com/page 2

About Philips
Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 32.3 billion in 2001. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 189,000 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

F IFAworldcup.com - One Global Stage
In September 2001, Yahoo! and FIFA entered into an exclusive, multi-year, global relationship whereby they produce, market, and commercially operate the official Web site of the 2002 and 2006 FIFA World Cups (http://www.FIFAworldcup.com). At the same time, Yahoo! has become one of 15 official FIFA partners worldwide for the 2002 FIFA World Cup Korea/Japan Ô (May 31 - June 30), the 2003 FIFA Women's World Cup™ in China, and 2006 FIFA World Cup Germany™. To date, Budweiser, MasterCard International and adidas have joined as the first three Official FIFA Partners to acquire sponsorship opportunities on FIFAworldcup.com. In addition, the Korean National Tourism Organization (KNTO), the Hongkong and Shanghai Banking Corporation Limited (HSBC) and Motorola Inc. are also sponsoring FIFAworldcup.com.

About Yahoo!
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! reaches more than 219 million individuals worldwide each month, and is the No. 1 Internet brand globally. Headquartered in Sunnyvale, Calif., Yahoo!'s global network includes 25 World properties and is available in 13 languages.

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Yahoo!, the Yahoo! logo and MatchCast are registered trademarks of Yahoo! Inc.
All other names are trademarks and/or registered trademarks of their respective owners.

2002 FIFA World Cup Korea/Japan™, the Official Emblem, the Official Mascots and the FIFA World Cup™ Trophy are trademarks of FIFA, registered in numerous territories around the world"

Media Contacts:
Phil Pendaries, Fleishman-Hillard, +44 (0)20 7395 7054, pendarip@fleishman.com