Color Kinetics' Shareholders Approve Philips Merger

Color Kinetics Incorporated (Nasdaq: CLRK) announced that its shareholders at a special meeting held in Boston, Massachusetts today have adopted the merger agreement under which Color Kinetics is to be acquired by Philips Holding USA, Inc., a subsidiary of Koninklijke Philips Electronics, N.V. (NYSE: PHG, AEX: PHI). The merger agreement was announced by Philips and Color Kinetics on June 19, 2007.

Completion of the transaction remains subject to the satisfaction or waiver of other conditions and terms of the merger agreement. The merger is expected to close on or about August 24, 2007.