Harald Pinger appointed as Chief Financial Officer (CFO) of KION Group

6/24/2008, 1:02 PM (Source: GlobeNewswire)
Harald Pinger appointed as Chief Financial Officer (CFO) of KION
- Finance expert with extensive management experience in industry
- KION Supervisory Board thanks Dr. Nedim Cen for his outstanding

Wiesbaden, June 24, 2008 - Harald Pinger (48) has been appointed to
the Executive Board of KION Group GmbH. He will be responsible for
Finance and IT and will focus on pushing ahead with the integration
of these areas within KION Group GmbH and the brand companies. On
August 1, 2008, he will succeed Dr. Nedim Cen, who is leaving the
KION Group at his own request in order to pursue new career
challenges outside the company.

Gordon Riske commented on the appointment of Harald Pinger: "We are
delighted to have secured the services of a proven financial expert
with many years of operational managerial experience in industry and
a track record of corporate integration. He has reshaped the finance
function at quite disparate companies undergoing periods of change
and led them to long-term success. He will undoubtedly be a worthy
successor to Dr. Nedim Cen, whom we thank for his hard work and
dedication in building up the KION Group."

The Supervisory Board of the KION Group is extremely pleased that
Harald Pinger will bring to the Executive Board of the KION Group his
considerable experience in the management and control of industrial
companies and in dealing with the demands of the capital markets.
Johannes Huth, Chairman of the Supervisory Board of KION Group GmbH
and head of KKR's European operations, thanked Dr. Nedim Cen for his
outstanding work for the company: "Dr. Cen has played a major role in
laying sound foundations for the long-term success of the KION Group.
The Supervisory Board and workforce would like to express their
heartfelt gratitude for his successful work on behalf of the company
and its employees."

Harald Pinger commented: "I am greatly looking forward to my new role
with KION. The company has set itself ambitious growth targets and
KION has good prospects in a positive market environment. A thorough
and efficient system of financial management will play a major part
in developing the company's profile in the global market from a
position of financial strength. Working with Gordon Riske and Dr.
Rolf Karg, I intend to duly discharge my responsibilities towards the
company's staff, customers, business partners and shareholders."

Harald Pinger was previously CEO and President of the Executive
Committee of Jelmoli Holding AG in Zurich, a leading Swiss retail and
real-estate group. From 2004 until 2006 he was CFO of the department
store and mail-order group Karstadt Quelle AG, where he also assumed
operational responsibility for the mail-order business at times.
Between 2002 and 2004 he was the finance director and joint managing
director of the Messer Group. From 1996 until 2002 he worked for
Fresenius Medical Care and from 1987 until 1995 for Unilever in a
variety of senior international management positions. Harald Pinger
studied business administration, majoring in tax law and auditing, at
Cologne University. He is married and has three children.

The Company

The KION Group, with its Linde, STILL and OM brands, is the market
leader in material handling products in Europe and the global number
two in the industry. In 2007, the KION Group had over 21,000
employees and generated revenue of more than ¤4.3 billion.

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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