Kendrion N.V. — Capital/Financing Update 2006

Jan 13, 2006

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PRESS RELEASE KENDRION N.V.

Kendrion takes provision of EUR 2.4 million in connection with European Commission fine

On 30 November 2005, Kendrion N.V. announced that it had been fined EUR 34 million by the European Commission for the violation of Article 81 section 1 of the European Convention by the company s former subsidiary Fardem Packaging B.V. in Edam. Kendrion also said that after it had received the grounds for this fine it would decide how to lodge an appeal.

On the basis of the legal opinions of two leading law firms consulted, the Kendrion management has concluded that it has solid grounds to dispute the fine appropriated to Kendrion by the European Commission. Kendrion will therefore do its utmost to fight the decision by every means at its disposal in appeal. Such a procedure can take years though.

In view of the above-mentioned opinions Kendrion will only take a provision for the part of the EUR 34 million fine for which Fardem is severally liable (EUR 2.2 million), and for which Kendrion has given an indemnity for the benefit of the new owners in the context of the management buy-out of this company in 2003. The estimated costs of the appeal to be lodged will also be provided which will result in a total provision of EUR 2.4 million.

The provision will be charged to the result for the financial year 2005. Due to this provision and the in the meantime made advisory costs, the profit forecast issued on 8 November 2005 of a net profit of approximately EUR 20 million for the full year 2005 is therefore lowered to ample EUR 17 million.

Profile Kendrion N.V.

Kendrion N.V. is an international company, which has approximately 2,600 employees in 17 European countries, the Far East and the United States.

Kendrion aims at niche market leadership in business to business markets. Kendrion develops high quality industrial components and provides services in the field of plastic semi-manufactures. Motivated local entrepreneurship, quality management in the broadest sense and logistic expertise are characteristic of Kendrion.

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

Zeist, 13 January 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