PostNL NV (PNL.AE) said Thursday how to use the EUR1.5 billion proceeds from selling its 29.9% stake in TNT Express (TNTE.AE) to UPS Inc. (UPS).

MAIN FACTS:

- PostNL will reduce debt according to its financial policy.

- PostNL will restore a cash dividend according to its dividend policy.

- PostNL will invest in further portfolio extension.

- PostNL will de-risking pensions and, or distributing excess cash to shareholders according to its dividend policy.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

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