May 27 2005

TomTom IPO Priced at €17.50 per share

Amsterdam, 26 May, 2005 TomTom NV (“TomTom”), a leading provider of personal navigation products and services, announced today that it priced the initial public offering on Euronext Amsterdam of 26.8 million ordinary shares being sold by TomTom and the selling shareholders at €17.50 per share. The IPO consists of an offering by TomTom of 7.1 million shares and an offering by the selling shareholders of 19.6 million shares. The selling shareholders have granted to the underwriters an option, exercisable within 30 days after the settlement date, pursuant to which the underwriters may require the selling shareholders to sell up to an additional 4.0 million shares to cover any over-allotments. Immediately after the IPO, TomTom will have 107,142,857 shares outstanding, assuming the over-allotment option is not exercised.

The shares will be listed on Eurolist by Euronext Amsterdam under the symbol “TOM2”. Trading in the shares is expected to commence on 27 May 2005. The settlement date is expected to occur on or about 1 June 2005.

Harold Goddijn, the CEO of TomTom, commented: “We are delighted with the success of the IPO. Through the IPO we have acquired a strong financial basis to further grow our business. From our leading position in the integrated personal navigation device market in Europe, we aim to grow by expanding our product portfolio, continuing to innovate and building the TomTom brand.”

TomTom raised approximately €125.0 million of gross proceeds from the IPO. It intends to use the net proceeds primarily for general corporate purposes, including research and development into new products and technologies, international expansion and for working capital. In addition, TomTom may use a portion of the net proceeds to acquire or invest in businesses, products, technologies or innovations which complement its business and support its growth strategy.

Goldman Sachs International and Lehman Brothers are acting as joint global coordinators and joint bookrunners in connection with the IPO. Fortis Bank, Kempen & Co and Rabo Securities are acting as co-lead managers

Prospectus
For more information on the IPO and TomTom, we refer to the final prospectus dated 26 May 2005. A copy of the final prospectus may be obtained at TomTom (Rembrandtplein 35, 1017 CT Amsterdam), Fortis Bank (Rokin 55, 1012 KK Amsterdam, tel: +31 20 527 2467), Kempen & Co (Beethovenstraat 300, 1077 WZ, Amsterdam, tel: +31 20 348 8500) and Rabo Securities (Amstelplein 1, 1096 HA, Amsterdam, tel: +31 20 462 4602). The electronic version of the final prospectus will be available on the website of Euronext, www.euronext.com.

Company Description
TomTom is a leading provider of personal navigation products and services to the consumer market. TomTom’s products are developed with an emphasis on innovation, quality, ease of use and value. TomTom’s products include all-in-one navigation devices which enable customers to navigate right out of the box, as well as navigation software products which integrate with third party devices such as PDAs and smartphones. TomTom’s portfolio of products and services includes the award-winning TomTom GO family of integrated navigation devices, the TomTom Navigator software for PDAs, TomTom MOBILE navigation software for smartphones and TomTom Plus, a location-based content and services offering for TomTom’s navigation products. TomTom was founded in 1991 in Amsterdam and has offices in the Netherlands, the United Kingdom, the United States and Taiwan. TomTom’s products are sold through a network of leading retailers in 17 countries and online.

For further information, please contact:
Citigate First Financial
Martha van Dijk
Telephone: +31 20 575 4014

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of TomTom (the “Company”, and such securities, the “Securities”) in the United States or in any other jurisdiction.

The Securities have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States unless registered under the Securities Act or an exemption from such registration is available. No public offering of Securities of the Company is being made in the United States.

This communication is directed only at (i) persons outside the United Kingdom, or (ii) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 or (iii) high net worth bodies corporate, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001. Any investment or investment activity to which this communication relates is only available to and will only be engaged in with such persons and persons within the United Kingdom who receive this communication (other than persons falling within (ii) and (iii) above) should not rely on or act upon this communication.

Stabilisation / FSA
Certain statements in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties described in the Prospectus that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements.

Goldman Sachs International and Lehman Brothers are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs International and Lehman Brothers.

All investment is subject to risk. The value of the securities offered may go down as well as up. Past performance is no guarantee of future returns. Potential investors are advised to seek expert financial advice before making any investment decision.