Kendrion N.V. — AGM Information 2008

Dec 12, 2008

PRESS RELEASE

KENDRION N.V.

12 DECEMBER 2008

Extraordinary General Meeting of Shareholders approves sale of Distribution Services division

Kendrion announced on 26 November 2008 that it had reached an agreement with the British company Edmundson Distribution Limited regarding the sale of its Distribution Services operations. The Distribution Services operations comprise the Vink Group that has been sold to Edmundson Distribution Limited and the Belgian company Servico that has been sold to Claessen ELGB N.V.

The transaction was subject to the approval of the shareholders of Kendrion N.V. The transaction is furthermore subject to the approval of the European competition authorities and the banks.

The shareholders of Kendrion N.V. have granted approval for the transaction at the Extraordinary General Meeting of Shareholders held today. Kendrion announced at the meeting its intention, partially within the context of this sale, to pay a dividend in 2009, the amount of which will be determined after adoption of the 2008 annual accounts.

The banks have now also approved the sale. A current condition for granting this approval is that a dividend of maximum EUR 10 million can be paid in 2009.

The sale of Servico is furthermore conditional on approval of its most important supplier. This supplier is entitled until 18 December 2008 to exercise a pre-emptive right relating to the sale of Servico.

The procedure for obtaining the approval of the European competition authorities has been initiated. The transaction is expected to be finalised in early 2009.

Profile of Kendrion N.V.

Kendrion N.V. develops, manufactures, and markets high-quality electromagnetic systems and components. The activities of Kendrion are performed in four business units: Industrial Magnetic Systems, Industrial Drive Systems, Passenger Car Systems and Commercial Vehicle Systems. The electromagnets are used in machines, lifts, door locking systems, motor coaches, industrial robots, medical equipment, diesel engines, automatic gear boxes and airco systems.

Kendrion has leading positions in a number of business-to-business niche markets. With around 1,400 employees worldwide, it achieves annual revenue of over EUR 200 million. Germany is Kendrion's main home market.

Kendrion aims to be a leading international company that leverages its existing know-how, innovative capabilities and commercial strengths to provide effective solutions to its industrial customers. In doing so, Kendrion is committed to remaining a transparent, flexible and reliable company in which entrepreneurial zeal is combined with clear profit targets. Kendrion aims to further strengthen its position as a fast-growing high-tech company in the future by organic growth, strategic acquisitions and generating an attractive return on invested capital. Kendrion's objective is to become a major player worldwide.

Kendrion's shares are listed on NYSE Euronext's Amsterdam market.

Zeist, 12 December 2008

Executive Board of Kendrion N.V.

For more information, please contact:

Kendrion N.V. Mr P. Veenema Utrechtseweg 33 3704 HA ZEIST NETHERLANDS

Tel: +31 - 30 - 699.72.68 Fax: +31 - 30 - 695.11.65 www.kendrion.com