Kendrion N.V. — Share Issue/Capital Change 2009

Sep 28, 2009

P R E S S R E L E A S E

K E N D R I O N N . V .

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Kendrion strengthens shareholders equity and enters into new financing arrangement

Kendrion N.V. ("Kendrion") is issuing 1,028,750 shares (9.99% of the share capital outstanding). The proceeds of the share issue total EUR 9.2 million. The share issue is subscribed by a large number of existing major shareholders. In addition, Kendrion has entered into a new, two-year financing arrangement of EUR 50 million under which the present guarantee facility for the claim of the European Commission will be continued.

Piet Veenema, CEO of Kendrion: "The economic climate for Kendrion has improved slightly in the past few months. We also expect attractive investment opportunities to arise in the framework of the growth strategy conducted by Kendrion. Kendrion wishes to respond optimally to them.

Therefore a new financing arrangement has been entered into to replace the present arrangement set to partly expire on 23 November 2009. The new financing arrangement, together with the capital increase announced today, gives us a solid financial basis and the possibility to handle swiftly in case attractive opportunities occur. We expect this to enable us to further strengthen our leading position while retaining a strong balance sheet and our financial flexibility."

Note on committed share issue

It has been decided to issue 1,028,750 new shares in Kendrion N.V. as of today. This is an increase of 9.99% compared to the share capital outstanding. The following eight existing shareholders: Aviva Plc., Darlin N.V., Sterling Strategic Value Ltd. (Dr. T. Tettamanti), ING Group N.V. (Parcom Capital), Jan Plas SA, Janivo, Menor Investments B.V. and Navitas B.V. have committed themselves in advance to the issue at a price of EUR 9.00 per share. The proceeds of the share issue total EUR 9.2 million. Listing of the new shares is requested at Euronext Amsterdam.

Note on new financing arrangement

As part of the present financing arrangement expires on 23 November 2009, a new agreement has been entered into. Kendrion closed a new two-year financing arrangement worth EUR 50 million. The present bank guarantee for the claim of the European Commission of EUR 40 million will continue. The new arrangement, like the previous arrangement, has been entered into with ING Bank, Fortis Bank Nederland, ABN Amro Bank and Rabobank. The covenants have been eased further, the interest margin payable is 375 basis points at inception.

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 market focused business units: Industrial Magnetic Systems, Industrial Drive Systems, Passenger Car Systems and Commercial Vehicle Systems.

Kendrion has leading positions in a number of business-to-business niche markets. Germany is Kendrion's main home market, although other countries become more important.

Kendrion's activities

Kendrion develops and manufactures electromagnetic components for industrial applications that are used worldwide in items such as lifts, door locking systems, industrial robots, medical equipment, electrical switchbox systems, diesel engines and air-conditioning and motor cooling systems. Kendrion continues to expand its field of operation via measures such as the acquisition of Tri-Tech, a company that manufactures electromagnetic components for beverage dispensers. Kendrion's key customers include Bosch, Siemens, Daimler, Continental, ZF, Evobus, Hyundai and Yutong.

Zeist, 28 September 2009

The Board

• P. Veenema Chief Executive Officer
• E. Ris Chief Financial Officer
• H. Freitag Chief Operating Officer

For more information:

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

NETHERLANDS

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