KION Group receives lenders' consent for covenant reset

- Broad support from lenders
- Shareholders provide additional Euro 100 mill

Wiesbaden, 17 September 2009 - KION Group - a global leader in the
material handling equipment industry - has received approval for an
amendment of covenants, which the company had proposed to its
lenders. KION Group's proposal was a prudent step to ensure the
company's ongoing compliance with its covenants even in a business
environment affected by the ongoing deterioration of the global
demand for forklift and warehouse trucks.

Significantly more than the required two third majority of lenders
voted in favour of the company's proposal. The amendments are now
being documented with the agent UniCredit / HVB. To underline their
strong support, KION Group's shareholders - funds managed by KKR and
Goldman Sachs Capital Partners - are providing the company with
additional funds of Euro 100 mill.

"The broad support from our lenders clearly reflects their strong
trust in the quality of our business. We are pleased to have achieved
this good result, which gives us the flexibility to continue managing
the business for the benefit of customers, employees, shareholders
and lenders. We are pleased that lenders and shareholders have
strongly supported us during the discussions during the past weeks",
said Harald Pinger, CFO of KION Group. "Lenders' support is an
important basis for our future success."

"We have started as early as last autumn to prepare for the most
severe crisis in the history of our industry. Since the beginning of
this year as part of a revised business plan we have been
implementing a broad set of measures, which keeps the company on its
successful track", Gordon Riske, CEO of KION Group added. "With
lenders' support KION now has all prerequisites to continue to
execute its proven growth strategy and fully exploit business
opportunities. KION will make use of this crisis to further
strengthen its global position."

The Company

The KION Group, with its Linde, STILL, OM and Baoli brands, is
Europe's market leader in industrial trucks, the global number two in
the industry and the leading international supplier in China. The
KION Group employed over 21,000 people and generated revenue of
around ¤4.6 billion in the 2008 financial year.

For further information please contact:

Michael Hauger
Head of Communications and Investor Relations
Tel.: +49 (0)611 770 655
Email: michael.hauger@kiongroup.com

Frank Kopfinger
Head of Investor Relations
Tel.: +49 (0)611 770 220
Email: frank.kopfinger@kiongroup.com

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