Kendrion N.V. — Capital/Financing Update 2006

May 24, 2006

KENDRION

PRESS RELEASE

KENDRION N.V

Kendrion acquires 100% stake in Kendrion SKA GmbH & Co KG

Kendrion N.V. announces that an agreement was reached with the current partner Kemmerich to take over the remaining 50% stake in Kendrion SKA GmbH & Co KG in Attendorn, Germany, as of today. For several years already Kendrion was 50% owner of this company.

Kendrion SKA has a turnover of approximately EUR 15 million on a yearly basis and has 60 employees. Already in 2006, the takeover of this 50% stake contributes positively to the profit per share. This takeover will considerably strengthen the market position of Kendrion Metal Components in high-volume stamping in Europe.

Profile Kendrion N.V.

Kendrion N.V. designs, manufactures and sells high-quality electromagnetic and metal components. It also processes and distributes semi-finished plastics. The company currently has approximately 2,600 employees in 16 countries in Europe, Far East and the United States.

Kendrion's mission is to be a leading international company that with its existing know-how, innovative capacity and commercial strengths will provide effective solutions to its customers. In doing so Kendrion seeks to be a transparent, flexible and reliable company in which entrepreneurial zest is combined with clear profit objectives.

Kendrion stock is listed on the Euronext Amsterdam stock exchange and included in the Euronext Small Cap index.

Zeist, 24 May 2006

The Executive Board of Kendrion N.V.

For additional information:

Kendrion N.V. Mr P. Veenema Utrechtseweg 33 3704 HA ZEIST Tel: +31 - (0)30 - 699.72.50 Fax: +31 - (0)30 - 695.11.65 Website: www.kendrion.com

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